Residential Income · Under Contract

1609 W Cheyenne Road

Colorado Springs, CO 80906

20 Beds · 15 Baths

$2,500,000

Multi Family

Property Type

0.74 acres

Lot Size

1904

Year Built

3488360

MLS #

About This Property

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.

191 days on market

Listed by Alan Wilaby · ERA Shields Real Estate · (719) 593-1000

Last updated: 10/25/2026 1:48 AM · Source: elevateMLS, MLS#: 3488360

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Property Details

Key Details

Property Type Residential Income
Sub Type Multi Family
Status Active Under Contract
MLS # 3488360
Days on Market 191
Bedrooms 20

More Details

Year Built 1904
Lot Size (Sq Ft) 32,234
Acres 0.74
Annual Taxes $3,948
Tax Year 2024
State CO
County El Paso

Interior

Heating Hot Water, Natural Gas, See Prop Desc Remarks
Cooling See Prop Desc Remarks
Appliances Dryer, Washer

Exterior & Parking

Roof Composite Shingle

Building & Lot

Basement Partial Basement
Construction Masonite, Wood Siding, Frame
Sewer Sewer
Water Source Public
New Construction No

Terms & Other

Listing Terms Cash, Conventional

Location

Price History

DateEventPrice
9/25/2026 Active Under Contract
Source: REcolorado® #6651502
—
9/25/2026 Active Under Contract
Source: elevateMLS #3488360
—
8/11/2026 Listed for sale
Source: REcolorado® #6651502
$2,500,000
5/1/2026 Listed for sale
Source: elevateMLS #3488360
$2,500,000

The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.

Listing information last updated October 25, 2026 at 1:48 AM.

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