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.
For sale
$2,500,000
1609 W Cheyenne Rd, Colorado Springs, CO 80906
6beds
5baths
--sqft
Multi Family
Built in 1904
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 136 days
- 282
- 10
Zillow last checked:
Listing updated:
Listed by:
Alan Wilaby 719-338-1100,
ERA Shields Real Estate
Source: elevateMLS,MLS#: 3488360
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: $1,097,391
- Annual tax amount: $3,947
- Date on market: 5/1/2026
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Listed for sale | $2,500,000 |
Source:  elevateMLS #3488360 Report a problem | ||
| 7/13/2026 | Contingent | $2,500,000 |
Source: elevateMLS #3488360 Report a problem | ||
| 7/13/2026 | Listed for sale | $2,500,000 |
Source: elevateMLS #3488360 Report a problem | ||
| 5/12/2026 | Contingent | $2,500,000 |
Source: elevateMLS #3488360 Report a problem | ||
| 5/1/2026 | Listed for sale | $2,500,000-16.7% |
Source: elevateMLS #3488360 Report a problem | ||
| 11/6/2025 | Listing removed | $3,000,000 |
Source: elevateMLS #4124078 Report a problem | ||
| 7/11/2025 | Listed for sale | $3,000,000 |
Source: elevateMLS #4124078 Report a problem | ||
| 6/17/2025 | Pending sale | $3,000,000 |
Source: elevateMLS #4124078 Report a problem | ||
| 6/3/2025 | Listed for sale | $3,000,000 |
Source: elevateMLS #4124078 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,948 -50% | $77,370 +29.2% |
| 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.Climate risks
Neighborhood: Broadmoor
Nearby schools
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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