Residential Income · Active
Colorado Springs, CO 80906
4 Beds · 2 Baths · 1,801 Sq Ft
$569,000
Duplex
Property Type
0.21 acres
Lot Size
1956
Year Built
$316
Price per Sq Ft
2
Parking Spaces
1788443
MLS #
About This Property
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.
128 days on market
Listed by Lee Wagner · Cushman & Wakefield · lee.wagner@cushwake.com,417-459-2155
Property Details
| Property Type | Residential Income |
| Sub Type | Duplex |
| Status | Active |
| Price per Sq Ft | $316 |
| Subdivision | Broadmoor |
| MLS # | 1788443 |
| Days on Market | 128 |
| Bedrooms | 4 |
| Year Built | 1956 |
| Lot Size (Sq Ft) | 8,964 |
| Acres | 0.21 |
| HOA | No |
| Annual Taxes | $1,381 |
| State | CO |
| County | El Paso |
| Zoning | PDZ R-2 |
| Heating | Forced Air |
| Cooling | None |
| Garage | Yes |
| Garage Spaces | 2 |
| Roof | Shingle |
| Basement | Crawl Space |
| Levels | One |
| Construction | Brick |
| Sewer | Public Sewer |
| Senior Community | No |
| Special Conditions | None Known |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 10/29/2026 |
Price change Source: REcolorado® #1788443 |
$569,000 -0.9% $316/sqft |
| 6/23/2026 |
Listed for sale Source: REcolorado® #1788443 |
$574,000 +76.6% $319/sqft |
| 11/9/2020 |
Sold Source: elevateMLS #4918011 |
$325,000 $180/sqft |
| 10/9/2020 |
Listed for sale Source: elevateMLS #4918011 |
$325,000 $180/sqft |
Based on information submitted to the MLS GRID as of October 29, 2026 at 4:44 PM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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