124 W Cheyenne Road Colorado Springs, CO $ 599,000
124 W Cheyenne Road
$ 599,000
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124 W Cheyenne Road

Colorado Springs, CO, 80906
$ 599,000
Bedrooms4 Baths2.0 Sq 1,801

Monthly Estimate*

$ 3,782

Listed by Cushman & Wakefield
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Multi-Family Home for sale in Colorado Springs, CO

for $599,000 with 4 bedrooms and 2 full baths. This 1,801 square foot home was built in 1956 on a lot size of 0.21.

124 & 126 W Cheyenne Road presents a rare opportunity to acquire a well-maintained duplex in a highly desirable Colorado Springs location. Constructed in 1956, the property consists of two spacious residential units totaling approximately 1,801 square feet. Each unit features a functional 2-bedroom, 1-bathroom/1.5 bathroom floor plan designed to appeal to a broad tenant base seeking comfortable living accommodations in a convenient urban setting. The property offers two carport spaces on 124 and two car garage at 126, providing a valuable amenity for residents and enhancing overall tenant satisfaction. Its manageable size and straightforward operation make it an attractive investment opportunity for both first-time and experienced multifamily investors seeking stable rental income and long-term appreciation potential. Situated along the South Nevada Avenue and Cheyenne Road corridor, the property benefits from excellent access to Downtown Colorado Springs, Interstate 25, major employment centers, retail destinations, dining options, and recreational amenities. Residents enjoy proximity to some of the area's most notable attractions, including The Broadmoor, Cheyenne Mountain, and the extensive trail systems and outdoor recreation opportunities that make Colorado Springs one of Colorado's most desirable places to live. Supported by a diverse regional economy, continued population growth, and strong rental demand, 124 & 126 W Cheyenne Road offers investors the opportunity to acquire a well-located duplex asset positioned to benefit from the ongoing growth and economic strength of the Colorado Springs market.

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Multi-Family Active

Price

$ 599,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,381

Style

Duplex

Lot Size

0.21

Year Built

1956

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

1788443

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Roof Shingle
Zoning PDZ R-2
Garage Spaces 2
Construction Materials Brick
Exclusions None
Year Built 1956
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Individual
County El Paso
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Broadmoor
Status Active
High School Palmer
City Colorado Springs
Senior Community Y/N N
High School District Colorado Springs 11
Lot Size Units Square Feet
Lot Size Square Feet 8964
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional FHA Jumbo VA Loan
Elementary School Hunt
Tax Annual Amount 1381
Middle/Junior High School North
Structure Type Duplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Colorado Springs 11
Elementary School District Colorado Springs 11
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Interior
Basement Crawl Space
Common Walls 1 Common Wall
Basement (Y/N) N
Above Grade Finished Area 1801
Laundry Features In Unit
Total Bedrooms 4
Total Baths 2
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Exterior
Fencing Partial
Total Parking 2
Lot Size Area 8964
Building Area Total 1801
Lot Size Acres 0.21
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Internal Only
Street Number 1 124
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* Excluded Features
List By
Cushman & Wakefield

Broker

(719) 238-9074

Phone

Affordability Calculator

$3,897
Per Month
97%
3%
0%
Monthly Principal & Interest
$3,782
Monthly Property Taxes
$115
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4142434 Elementary School
1034667 Middle School
Palmer High School High School
Pricing History
DatePricePrice ChangeDescription
6/23/2026$599,000 Listed Price

Map


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124 W Cheyenne Road, Colorado Springs, CO, 80906 is a Multi-Family Home for sale at $599,000 with 1,801 sqft and a lot size of 0.21. 124 W Cheyenne Road has 4 bedrooms, 2.0 baths, and was built in 1956. The property's zip code is 80906 which is in Colorado Springs, CO