Google street view image for 1609 W Cheyenne Rd, Colorado Springs, CO 80906

For sale

$2,500,000

Est. $14,367/mo —

•

15 ba

•

6,617

sq ft

1609 W Cheyenne Rd, Colorado Springs, CO 80906

About this home

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. There are misc. appliances in each of the units. The type and number of appliances varies. A coin operated washer dryer in the large 10 unit building that the tenants share and each of the duplex tenants own their own washer and dryers, if they exist.

Multi-familyProperty Type

1904Year Built

0.74 acresLot Size

$378Price/Sq.Ft.

Listed by Alan Wilaby • ERA Shields Real Estate

Contact: ALANW@ERASHIELDS.COM,719-338-1100

Listing updated: Aug 19, 2026 at 12:16pm

Redfin checked: 2 minutes ago

•Source:REColorado as Distributed by MLS Grid #6651502

Listing provided courtesy of Metrolist,Inc. (REColorado)

Payment calculator

$14,367 per month

Principal and interest$13,139

Property taxes

$437

HOA dues

Home insurance

$792

Utilities

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Affordability tools

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN TODAY, 10AM TO 12PM
$459,900
4 beds3 baths2,024 sq ft
2761 N Prospect St, Colorado Springs, CO 80907
Lorraine Amos • Rocky Mountain Living Colorado LLC
OPEN TODAY, 10AM TO 2:30PM
$714,900
5 beds4 baths2,573 sq ft
5280 Diamond Dr, Colorado Springs, CO 80918
OPEN TODAY, 10AM TO 12PM3D WALKTHROUGH
$615,000
5 beds3.5 baths2,790 sq ft
2613 Flintridge Dr, Colorado Springs, CO 80918
OPEN TODAY, 10AM TO 12PM3D WALKTHROUGH
$525,000
4 beds4 baths2,074 sq ft
930 Hook Grv, Colorado Springs, CO 80907
Amber Dregalla • Keller Williams Premier Realty, LLC
OPEN TODAY, 11AM TO 2PM3D WALKTHROUGH
$498,000
2 beds1 bath1,281 sq ft
624 E Del Norte St, Colorado Springs, CO 80907
Sarah Grimm • Better Homes & Gardens Real Estate - Kenney & Co.
OPEN TODAY, 12PM TO 2PM
$290,000
2 beds2 baths1,111 sq ft
1935 Montura Vw #104, Colorado Springs, CO 80919
REDFIN OPEN TODAY, 12:30PM TO 2:30PM3D WALKTHROUGH
$359,000
3 beds2 baths1,612 sq ft
1550 Keaton Ln, Colorado Springs, CO 80909
OPEN SUN, 10AM TO 12PM3D WALKTHROUGH
$535,000
3 beds3 baths1,898 sq ft
3535 Broadmoor Valley Rd, Colorado Springs, CO 80906
Laura Kloth • LIV Sotheby's International Realty
OPEN SUN, 11AM TO 1PM
$535,000
3 beds2.5 baths2,318 sq ft
4968 Harvest Rd, Colorado Springs, CO 80917
OPEN AUG 31, 1PM TO 2PM
$629,000
4 beds2 baths1,521 sq ft
411 Olive St, Colorado Springs, CO 80904
Noah Walz • Keller Williams Premier Realty, LLC

Around this home

Schools

K - 12
Preschool & daycare

Gold Camp Elementary School

Public K-6 • Assigned • 1.1mi

9/10

Cheyenne Mountain Junior High School

Public 7-8 • Assigned • 0.6mi

3/10

Cheyenne Mountain High School

Public 9-12 • Assigned • 0.7mi

9/10

Provided by GreatSchools

About

Broadmoor

Broadmoor, located between Cheyenne Mountain and Downtown Colorado Springs, is a residential and resort-adjacent Colorado Springs neighborhood with winding hillside streets and landmark golf greens. The neighborhood’s character concentrates around Lake Avenue and Lake Circle, where manicured grounds, carriage-style drives, and quiet patios set a measured pace. The Broadmoor Hotel anchors the area with its lakeside promenade and long-running cultural calendar. The Broadmoor World Arena adds big-event energy on the north edge. Architecture leans Tudor Revival, mid-century ranch, and mountain contemporary, often framed by mature trees and stonework. Trails and open space link daily routines to Cheyenne Mountain’s foothills.

Provided by Walk Score and Local Logic

Market insights

1609 W Cheyenne Rd · $2,500,000

DAYS ON MARKET

The average home goes pending in 50 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median list price in this area is $619,900. (75% lower than this home)

PRICE DROP

24% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Interior features
Partial basement
Has basement

Bedrooms
20 bedrooms

Bathrooms
15 bathrooms

Heating & cooling
Radiant heating
Other cooling

Sale and tax history for 1609 W Cheyenne Rd

Sale History
Tax History

Date

Event

Price

IRES as Distributed by MLS Grid #6651502

Aug 12, 2026

Listed

$2,500,000

$378/sq ft

Aug 12, 2026

Listed

$2,500,000

$378/sq ft

elevateMLS #3488360

Jul 31, 2026

Relisted

—

Jul 13, 2026

Contingent

—

Jul 13, 2026

Relisted

—

May 12, 2026

Contingent

—

Apr 16, 2026

Listed

$2,500,000

$378/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$5,247 (+32.9%)

$12,390 + $64,980

$77,370

2024

$3,948

$12,390 + $64,980

$77,370

2023

$3,946 (+42.4%)

$11,770 + $48,100

$59,870

2022

$2,771 (−7.4%)

$7,670 + $32,700

$40,370

2021

$2,991 (+27.2%)

$7,670 + $32,700

$40,370

2020

$2,352 (+1.1%)

$8,070 + $34,380

$42,450

2019

$2,325 (+21.8%)

$7,260 + $25,060

$32,320

2018

$1,909 (+0.4%)

$7,260 + $25,060

$32,320

2017

$1,901 (+6.8%)

$6,960 + $19,080

$26,040

2016

$1,779 (+0.9%)

$6,960 + $27,280

$34,240

2015

$1,763 (−12.5%)

$7,060 + $17,970

$25,030

2014

$2,016 (+4.5%)

$7,060 + $17,970

$25,030

2013

$1,929 (+2.8%)

$6,540 + $22,060

$28,600

2012

$1,876 (+0.4%)

$6,540 + $22,060

$28,600

2011

$1,868 (−3.4%)

$6,540 + $21,300

$27,840

2010

$1,933 (+0.5%)

$6,540 + $21,300

$27,840

2009

$1,924

$6,540 + $25,120

$31,660

Public record

Public record
Zoning
Permits

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.74 Acres

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

6,027

Year built

1904

Style

Other

County

El Paso County

APN

7435102101

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 12, 2026.

R-2

WUI

HS-O

Two-Family District

The R-2 zone district accommodates detached single-family and two-family (duplex) residential uses on a single lot larger than 5,000 sq ft, or duplex structures on separate lots provided each lot is larger than 3,500 sq ft. Land uses are as indicated in Table 7.3.2-A: Base and NNA-O District Use Table.

Zone overlays

Hillside Overlay District

Permitted uses

Include but are not limited to:

Agriculture
Community / recreation center
Housing-Single unit
Housing-Multiple units
Infrastructure
Communications tower
Housing-Mobile home park
Park & open space

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

5/10 Fire Factor

5% chance of being in a wildfire in next 30 years

2/10 Heat Factor

9 days above 87° expected this year, 24 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Colorado Springs, CO • 80906

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 1609 W Cheyenne Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $760,000 and $2,300,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $760K to $2.3M.

BOUGHT WITH REDFIN JUL 30, 2026
$1,930,000 Last sold price
5 beds6 baths7,460 sq ft
1650 Old Stage Rd, Colorado Springs, CO 80906
LIV Sotheby's International Realty
$119/sq ft
smaller lot
87 years newer
SOLD AUG 3, 2026
1 Polo Dr, Colorado Springs, CO 80906
$2,300,000 Last sold price
5 beds6.5 baths10,115 sq ft
1 Polo Dr, Colorado Springs, CO 80906
$151/sq ft
98 years newer
SOLD AUG 10, 2026
$760,000 Last sold price
2 beds2 baths2,029 sq ft
15 1st St, Colorado Springs, CO 80906
Broadmoor Properties
$3/sq ft
smaller lot
20 years newer
SOLD MAY 4, 2026
$1,950,000 Last sold price
4 beds5 baths5,074 sq ft
2 Penrose Ln, Colorado Springs, CO 80906
REMAX PROPERTIES
$6/sq ft
larger lot
62 years newer
SOLD MAY 18, 2026
$1,250,000 Last sold price
4 beds4 baths5,681 sq ft
529 S Bear Paw Ln, Colorado Springs, CO 80906
REMAX PROPERTIES
$158/sq ft
smaller lot
82 years newer
SOLD BY REDFIN JUN 3, 2026
$1,095,000 Last sold price
3 beds3 baths3,179 sq ft
1815 Pine Grove Ave, Colorado Springs, CO 80906
$34/sq ft
smaller lot
42 years newer

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Details provided by REColorado as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 1609 W Cheyenne Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 1609 W Cheyenne Rd

Early Access listings

Nearby similar homes

New listings for sale in 80906

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