20 beds15 baths
1609 W Cheyenne Rd, Colorado Springs, CO 80906
Est: $13,036/moGet pre-approved

Description

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...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.
LISTING UPDATED: 08/03/2026 09:17 AM

  1. Listed by Alan Wilaby • ERA Shields Real Estate
    P: (719)-338-1100 alanw@erashields.com

Property Details for 1609 West Cheyenne Road

Status
MLS #
3488360
Days on Compass
19
Pet Policy
Allowed
Taxes
$3,948 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Income / Aptmts(6+Units)
Year Built
1904
Subdivision Name
Cheyenne Canon Apartments
Zoning
R-2

Location

Listing Courtesy of ERA Shields Real Estate, Alan Wilaby
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Building Information for 1609 West Cheyenne Road

Building/Complex1609 W Cheyenne RdFloor-Stories-Residences15Pet PolicyAllowedPet Policy DetailsNo Pets AllowedYear Built1904Building Size-

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$13,036 per month

30 year fixed, 6.55% Interest

Principal and Interest

$12,707

Property Taxes

$329

HOA Dues

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Property Information for 1609 West Cheyenne Road

Summary
Location and General Information
  • Zoning Entity: El Paso County
  • Directions: I-25 South, Take exit 140 onto Tejon St toward SH-115 South, Turn right onto S Tejon St, at the roundabout, take the first exit onto Cheyenne Blvd, Turn left onto S Eighth St, turn right onto W Cheyenne Rd, destination on left, 1615 on sign.
  • Latitude: 38.792896
  • Longitude: -104.856242
Taxes and HOA
  • Parcel Number: 7435102101
  • Tax Annual Amount: $3,948
  • Tax Year: 2024
School Information
  • High School District: Cheyenne Mtn-12
Virtual Tour
Property
Lot Information
  • Lot Size: 32234.0
  • Lot Size Units: Sq Ft
  • Lot Size Acres: 0.74
  • Lot Size Square Feet: 32234.0
Property and Assessments
  • Living Area Source: Assessor Records
  • Year Built: 1904
Building Features
  • Structure Type: Framed on Lot, Frame, See Prop Desc Remarks
Utilities
  • Has Well Permit: No
  • Sewer: Sewer
  • Utilities: Electricity Available
  • Water Source: Municipal
Interior and Exterior Features
Exterior Features
  • Siding: Masonite Type, Wood
  • Roof: Composite Shingle
Interior Features
  • Additional Items: There are misc. appliances in each of the units. The type and number of appliances varies. A coin operated washer dryer in the large 10 unit building that the tenants share and each of the duplex tenants own their own washer and dryers, if they exist.
  • Appliances: Dryer, Washer
  • Basement: Partial Basement
  • Cooling: See Prop Desc Remarks
  • Heating: Hot Water, Natural Gas, See Prop Desc Remarks
  • Laundry Features: Coin
  • Window Features: Aluminum, Vinyl, Wood
Multi Family
Multi Family Information
  • Unit Count: 5
  • Unit Total Baths: 15
  • Unit Total Beds: 20
  • Number Of Units Total: 15
Income & Expenses
  • Gross Rental Multiplier: 149
Rental
Rent Information
  • Other Rentable Space: There is a 10 Unit Building, 2-Duplexes and a cottage included on the prope
  • Total Actual Rent: $16,752.00

Property History for 1609 West Cheyenne Road

DateEvent & SourcePriceAppreciation
Jul 31, 2026

Listed (Active)

Pikes Peak REALTOR Services (elevatedMLS) #3488360

Jul 12, 2026

In Contract

Pikes Peak REALTOR Services (elevatedMLS) #3488360

Apr 30, 2026

Listed (Active)

Pikes Peak REALTOR Services (elevatedMLS) #3488360

$2,500,000
DateEvent & SourcePrice
07/31/2026

Listed (Active)

Pikes Peak REALTOR Services (elevatedMLS) #3488360

07/12/2026

In Contract

Pikes Peak REALTOR Services (elevatedMLS) #3488360

04/30/2026

Listed (Active)

Pikes Peak REALTOR Services (elevatedMLS) #3488360

$2,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1609 West Cheyenne Road

This home is within Cheyenne Mountain 12 School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
Gold Camp Elementary School
PublicK to 6

Cheyenne Mountain Junior High School
Public7 to 8

Cheyenne Mountain High School
Public9 to 12

Zebulon Pike
Public4 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1609 West Cheyenne Road is a multi-family home for sale in Colorado Springs, CO 80906. This property was listed for sale on May 1, 2026 by ERA Shields Real Estate, it's currently listed at $2,500,000. This listing's school district is Cheyenne Mountain 12 School District. Nearby schools include Gold Camp Elementary School, Cheyenne Mountain Junior High School and Cheyenne Mountain High School. 1609 West Cheyenne Road is a 20-bed, 15-bath, multi-family home built in 1904.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ERA Shields Real Estate, Alan Wilaby

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.