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Under contract
    • $2,500,000

    1609 W Cheyenne Rd, Colorado Springs, CO 80906

    6beds
    5baths
    --sqft
    : 
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    Multi Family
    Built in 1904
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    42 days
    |
    56
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alan Wilaby 719-338-1100,

    ERA Shields Real Estate

    Source: elevateMLS,MLS#: 3488360MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      Heating
      • Hot Water, Natural Gas, See Prop Desc Remarks
      Cooling
      • See Prop Desc Remarks
      Appliances
      • Included: Dryer, Washer
      • Laundry: Coin
      Features
      • Basement: Partial
      Video & virtual tour

      Property

      Lot
      • Size: 0.74 Acres
      Details
      • Parcel number: 7435102101

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Masonite, Wood Siding, Framed on Lot, Frame, See Prop Desc Remarks
      • Roof: Composite Shingle
      Condition
      • Existing
      • New construction: No
      • Year built: 1904

      Utilities & green energy

      • Water: Municipal
      • Utilities for property: Electricity Available

      Community & HOA

      Location
      • Region: Colorado Springs

      Financial & listing details

      • Tax assessed value: $893,552
      • Annual tax amount: $3,947
      • Date on market: 5/1/2026
      • Listing terms: Cash,Conventional
      • Electric utility on property: Yes
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/12/2026Contingent$2,500,000
        Source: elevateMLS #3488360 Report a problem
        5/1/2026Listed for sale$2,500,000-16.7%
        Source: elevateMLS #3488360 Report a problem
        11/6/2025Listing removed$3,000,000
        Source: elevateMLS #4124078 Report a problem
        7/11/2025Listed for sale$3,000,000
        Source: elevateMLS #4124078 Report a problem
        6/17/2025Pending sale$3,000,000
        Source: elevateMLS #4124078 Report a problem
        6/3/2025Listed for sale$3,000,000
        Source: elevateMLS #4124078 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$7,891 +184.8%$59,870
        2023$2,771 -7.4%$59,870 +48.3%
        2022$2,991 $40,370 -4.9%
        2021-- $42,450 +31.3%
        2020$2,352 +1.1%$32,320
        2019$2,325 +22.3%$32,320 +24.1%
        2018$1,901 -0.4%$26,040
        2017$1,909 +0.4%$26,040 +4%
        2016$1,901 +6.8%$25,030 -38.8%
        2015$1,780 -11.8%$40,930 +43.1%
        2014$2,017 $28,600
        2013-- --
        2011$1,933 $27,840 -12.1%
        2010-- $31,660
        2009-- $31,660 +2.7%
        2008-- $30,840
        2006-- $30,840 +1.7%
        2004-- $30,310
        2003$2,250 +2.8%$30,310 -9.4%
        2002$2,189 -8.2%$33,440 +2.5%
        2001$2,386 $32,640

        Find assessor info on the county website

        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.
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          Climate risks

          Neighborhood: Broadmoor

          Getting around

          42 / 100
          Car-Dependent
          24 / 100
          Minimal Transit
          27 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Cheyenne Mtn-12

          Source: elevateMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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