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For sale
  • $599,000

    124 W Cheyenne Road, Colorado Springs, CO 80906

    4beds
    2baths
    1,801sqft
    : 
    $3,711/mo
    Get pre-qualified
    Duplex
    Built in 1956
    -- sqft lot
    $-- Zestimate®
    $333/sqft
    $-- HOA

    What's special

    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.
    32 days
    |
    441
    |
    20
    |

    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#: 1788443MLS Logo

      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: $333/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

        DateEventPrice
        6/23/2026Price change$1,825-2.9%$1/sqft
        Source: Zillow Rentals Report a problem
        6/23/2026Listed for sale$599,000-1.8%$333/sqft
        Source: REcolorado as distributed by MLS GRID #1788443 Report a problem
        5/11/2026Price change$1,880+3%$1/sqft
        Source: Zillow Rentals Report a problem
        4/6/2026Listed for rent$1,825+14.4%$1/sqft
        Source: Zillow Rentals Report a problem
        5/22/2025Listing removed$1,595$1/sqft
        Source: Zillow Rentals Report a problem
        5/1/2025Listed for rent$1,595$1/sqft
        Source: Zillow Rentals Report a problem
        11/18/2021Listing removed--
        Source: elevateMLS #4202416 Report a problem
        11/11/2021Listed for sale$610,000$339/sqft
        Source: elevateMLS #4202416 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Broadmoor

        Getting around

        75 / 100
        Very Walkable
        33 / 100
        Some Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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