$599,000

124 W Cheyenne Road, Colorado Springs, CO 80906

4 beds |
2 baths |
1,801 sqft

Duplex
Built in 1956
9,148sqft lot
2 car garage
$333/sqft
Listed 12 days ago

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.

Listing Status:: Active
Data Last Updated:: July 5, 2026 at 7:21AM
Listing Office:: Cushman & Wakefield : 303-292-3700
Listing Agent:: Nic Polaski : 719-238-9074
MLS ID:: 1788443

Laundry: In Unit
Basement: Crawl Space
A/C: None
Heating: Forced Air

Parking: Parking spaces: 2

Roofing: Shingle
General: One

Originating MLS: recolorado
School District: Colorado Springs 11
County: El Paso

Zoning: PDZ R-2LOT 1 COUTTS SUBD64302-15-039
Fencing: Partial

Sewer: Public Sewer

Source: recolorado
Ownership: Individual
Exclusions: None

This listing courtesy of Nic Polaski , Cushman & Wakefield

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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