Property
ActiveResidential
1/48
$599,000

124 W Cheyenne Road

Colorado Springs, CO 80906
4
Beds
2
Baths
1,801
SqFt
0.21
Acres
RECOLORADO
#1788443
Updated: Jun 23, 2026, 7:30pm

Property Description

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.

Property Details

Interior
Above Grade Finished Area
1801
Basement
Crawl Space
Building Area Total
1801
Cooling
None
Heating
Forced Air
Laundry Features
In Unit
Living Area
1801
Construction
Also Marketed As
Residential Income
Building Area Source
Public Records
Common Walls
1 Common Wall
Construction Materials
Brick
Levels
One
Roof
Shingle
Structure Type
Duplex
Year Built
1956
Site & Exterior
Fencing
Partial
Garage Spaces
2
Lot Size Acres
0.21
Lot Size Area
8964
Lot Size Square Feet
8964
Lot Size Units
Square Feet
Parking Total
2
Sewer
Public Sewer
Zoning
PDZ R-2
Financials
Contract Earnest Check To
Land Title
Lease Expiration
2027-07-01
Ownership
Individual
Parcel Number
64302-15-039
Special Listing Conditions
None
Tax Annual Amount
1381
Tax Legal Description
LOT 1 COUTTS SUBD
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
Senior Community
No
Subdivision Name
Broadmoor
Schools
Ratings
Elementary
Hunt
Middle
North
High
Palmer
Elem. District
Colorado Springs 11
Middle District
Colorado Springs 11
High District
Colorado Springs 11
Listing provided courtesy of RECOLORADO via IDX. Updated: Jun 23, 2026, 7:30pm.
Nic Polaski

Listing Agent

Cushman & Wakefield

Call Agent