1609 W Cheyenne Road Colorado Springs, CO ^$ 2,500,000

1609 W Cheyenne Road

^$ 2,500,000

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1609 W Cheyenne Road

Colorado Springs, CO, 80906

^$ 2,500,000

Studio Baths0.0

Monthly Estimate*

^$ 15,393

1609 W Cheyenne Road, Colorado Springs, CO 80906 - Image 1

1609 W Cheyenne Road, Colorado Springs, CO 80906 - Image 2

1609 W Cheyenne Road, Colorado Springs, CO 80906 - Image 3

1609 W Cheyenne Road, Colorado Springs, CO 80906 - Image 4

1609 W Cheyenne Road, Colorado Springs, CO 80906 - Image 5

1609 W Cheyenne Road, Colorado Springs, CO 80906 - Image 6

Studio

Multi-Family Home for sale in Colorado Springs, CO

for $2,500,000. This home was built in 1904 on a lot size of 0.74.

This property includes a ten unit apartment building, a cottage, and 2 duplexes. All the residences are situated on a gorgeous, treed, park-like setting adjacent to the stream in Cheyenne Canyon, west of Cresta Rd., in the highly desirable area next to the Broadmoor. The units are fully leased and have been updated as they become ready to re-lease. There are 3 schedule numbers for the entire listing that is available for purchase and the owner is providing rental spreadsheets with income allocations that are available upon request.

Multi-Family Contingent

Price

^$ 2,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 3,947

Style

Aptmts(6+Units)

Lot Size

0.74

Year Built

1904

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

3488360

Features

General

Utilities Electricity Available

Roof Composite Shingle

Appliances Dryer Washer

Water Municipal

School District Cheyenne Mtn-12

Property Type Income

Yearly Taxes 3947.68

Tax Year 2024

Status Under Contract - Showing

Sub Type Aptmts(6+Units)

Exterior

Siding Masonite Type Wood

Structure Framed on Lot Frame See Prop Desc Remarks

Lot Size 32234.0000

Foundation Partial Basement

Interior

Laundry Facility Coin

* Excluded Features

List By

Era Shields Real Estate

Broker

alanw@erashields.com

Affordability Calculator

$15,722

Per Month

Monthly Principal & Interest: $15,393
Monthly Property Taxes: $329
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Colorado Springs, CO

Average List Price ^$679,111

Percent of Sale Price 73%

About Colorado Springs, CO

461,521 Population

27% Since 2002

^$57,575 Median Income

36.95 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3074837 Elementary School

3074842 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2026	$2,500,000		Listed Price

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1609 W Cheyenne Road, Colorado Springs, CO, 80906 is a Multi-Family Home for sale at $2,500,000 with a lot size of 0.74. 1609 W Cheyenne Road is a studio with 0.0 baths and was built in 1904. The property's zip code is 80906 which is in Colorado Springs, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Pikes Peak REALTOR(R) Services Corp.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of The Pikes Peak REALTOR(R) Services Corp. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Data is updated as of 5/17/2026.

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1609 W Cheyenne Road

Multi-Family Home for sale in Colorado Springs, CO

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