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$2,500,000
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Property Description
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.
Full Property Details
Full Property Details for 1609 W Cheyenne Rd
General
- Price: $2,500,000
- Taxes: $3,947 (2024)
- Status: Active
- Type: Apartment
- Source: PikesPeak
- MLS ID: 3488360
- Updated: 8/3/2026
- Added to Site: 114 day(s) ago
Interior
- Appliances: Dryer, Washer
Rooms
Other Rooms
- Laundry: Coin
Location
- County: El Paso
- Subdivision: Unknown
School Information
- High School District: Cheyenne Mtn-12
Heating & Cooling
- Cooling Type: See Prop Desc Remarks
- Heating Type: Hot Water, Natural Gas, See Remarks
Utilities
- Sewer: Sewer
- Water: Municipal
- Utility Description: Electricity Available
Structural Information
- Property Detached: Yes
- Structure Type: Framed on Lot, Frame, See Remarks
- Construction Status: Existing
- Basement Desc.: Partial Basement
- Roof: Composite Shingle
- Windows: Aluminum, Vinyl, Wood
- Year Built: 1904
Unit Information
- Units in Building: 5
Lot Features
- Lot Size (Acres): 0.74
- Lot Size (Sq. Ft.): 32,234
Financial Considerations
- Tax Amount: $3,947.68
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- APN: 7435102101
Listed by ERA Shields Real Estate
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Schools
Schools serving 1609 W Cheyenne Rd
School District:Cheyenne Mountain School District 12
| Name | Grades | Distance |
|---|---|---|
Gold Camp Elementary School 1805 Preserve Drive, Colorado Springs, CO 80906 | K-6 | 1.1 mi |
Cheyenne Mountain Junior High School 1200 West Cheyenne Road, Colorado Springs, CO 80905 | 7-8 | 0.6 mi |
Cheyenne Mountain High School 1200 Cresta Road, Colorado Springs, CO 80906 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1609 W Cheyenne Rd
Date
Details
Price
Change
Source
4/16/2026
Listed
$2,500,000
525.16%
MLS
12/06/2007
Sold
$399,900
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1609 W Cheyenne Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,247
33%
$77,370
29%
2024
$3,948
—
$59,870
—
2023
$3,946
42%
$59,870
48%
2022
$2,771
-7%
$40,370
-5%
2021
$2,991
—
$42,450
31%
2021
$2,991
29%
$32,320
—
2019
$2,325
22%
$32,320
24%
2018
$1,909
—
$26,040
—
2017
$1,901
7%
$26,040
4%
2016
$1,780
1%
$25,030
—
2015
$1,763
-13%
$25,030
-12%
2014
$2,017
5%
$28,600
—
2013
$1,929
—
$28,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1609 W Cheyenne Rd
1609 W Cheyenne Road, Colorado Springs, CO 80906 (MLS# 3488360) is a Apartment property with 0 bedrooms and 0 full bathrooms. 1609 W Cheyenne Road is currently listed for $2,500,000 and was received on May 01, 2026. Want to learn more about 1609 W Cheyenne Road? Do you have questions about finding other Apartment real estate for sale in Colorado Springs? You can browse all Colorado Springs real estate or contact a Coldwell Banker agent to request more information.

