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.
For sale
Price cut: $5K (9/10)
$574,000
124 W Cheyenne Road, Colorado Springs, CO 80906
4beds
2baths
1,801sqft
Duplex
Built in 1956
-- sqft lot
$-- Zestimate®
$319/sqft
$-- HOA
What's special
- 80 days
- 421
- 23
Zillow last checked:
Listing updated:
Listed by:
Lee Wagner 417-459-2155 lee.wagner@cushwake.com,
Cushman & Wakefield,
Lee Wagner 417-459-2155,
Cushman & Wakefield
Source: REcolorado as distributed by MLS GRID,MLS#: 1788443
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: In Unit
Features
- Basement: Crawl Space
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,801
- Total interior livable area: 1,801 sqft
- Finished area above ground: 1,801
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Fencing: Partial
Lot
- Size: 8,964 Square Feet
Details
- Parcel number: 6430215039
- Zoning: PDZ R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Brick
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Broadmoor
HOA
- Has HOA: No
Location
- Region: Colorado Springs
Financial & listing details
- Price per square foot: $319/sqft
- Annual tax amount: $1,381
- Date on market: 6/23/2026
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,Jumbo,VA Loan
- Exclusions: None
- Ownership: Individual
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Price change | $574,000-0.9%$319/sqft |
Source: | ||
| 7/31/2026 | Price change | $579,000-3.3%$321/sqft |
Source: | ||
| 6/23/2026 | Listed for sale | $599,000-1.8%$333/sqft |
Source: | ||
| 11/18/2021 | Listing removed | -- |
Source: | ||
| 11/11/2021 | Listed for sale | $610,000$339/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Broadmoor
Nearby schools
Schools provided by the listing agent
- Elementary: Hunt
- Middle: North
- High: Palmer
- District: Colorado Springs 11
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







