124 W Cheyenne Rd, Colorado Springs, CO 80906

Beds
4
Baths
2
Sqft
1,801
Garage
Yes

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Listed byCushman & Wakefield
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Number of bedrooms
4
Number of bathrooms
2
Square feet
1,801
Lot size (acres)
0.21
Year built
1956

Interior features

Laundry
In Unit

Exterior features

Horse amenities
Stable

Garage and parking

Garage parking spaces
2

Utilities

Heating
Forced Air
Cooling
None
Sewer
Public Sewer

Taxes

Tax Annual Amount (2025)
$1,381

Public schools

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Sourced from: REColorado MLS®#: 1788443 Last checked:

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