5235 Cheyenne Rd
Indian Hills, CO 80454
- 2 beds
- 2 baths
- 1,224 sqft
- 10,890 sqft lot
- $449 per sqft
- 1948 build
- – on site
Investor Opportunity - Income Property in Indian Hills. Discover the perfect blend of rustic charm, modern comfort, and reliable rental income at 5235 Cheyenne Rd in the scenic community of Indian Hills. This well-maintained 2-bedroom, 2 bathroom home offers 1,224 square feet of living space, featuring hardwood floors, a cozy wood-burning fireplace, and generously sized bedrooms. The functional kitchen includes ample storage and everything needed for everyday living. Currently leased through March 2026, this property presents a turnkey investment opportunity with consistent rental income already in place. Additional highlights include high-speed Xfinity internet-ideal for remote work, public water-no well, off-street parking, and a washer and dryer. Situated on a peaceful quarter-acre lot with an inviting deck and wooded views, the home offers easy access to outdoor recreation at nearby Mt. Falcon and Pence Park. Located just off Parmalee Gulch Road and only 5 minutes from Highway 285, the commute to Denver is smooth and convenient. Indian Hills is known for its friendly community and beautiful natural surroundings, making this a desirable location for tenants and investors alike. Don't miss the chance to own an income-producing property in one of Colorado's most charming mountain neighborhoods.
Last checked:
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Last updated Apr 30, 2025
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MLS# 3294743 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1948
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New Construction:false
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Construction Materials:Wood Siding
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Architectural Style:Chalet
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Total SqFt:1,224 Sqft
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Building Area Total:1224
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Roof:Composition
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Levels:One
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Stories:1
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Patio And Porch Features:Patio
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Accessibility Features:No Stairs
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Above Grade Finished Area:1224
Interior
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Fireplace:true
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Fireplace Features:Living Room
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Living Room Level:Main
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Kitchen Level:Main
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Dining Room Level:Main
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Laundry Features:Main Level
Room Dimensions
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Living Area:1224
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash
Location
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Directions:From downtown Evergreen: Head east on Co Rd 74 towards Kittredge, turn right onto Myers Gulch Road/Parmalee Gulch Road, turn right onto Giant Gulch Road, take first left on Cheyenne Road, home is on the right. From Denver: Take US-285 South towards Fairplay, turn right on Parmalee Gulch Road, turn left onto Giant Gulch Road, take the first left on Cheyenne Road, home is on the right.
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Coordinates:-105.247025, 39.62159
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Latitude:39.62159
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Longitude:-105.247025
The Property
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Property Type:Residential
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Property Subtype:Residential-Detached
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Lot Features:Rolling Slope
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Lot Size Acres:0.25
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Lot Size SqFt:10,890 Sqft
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Lot Size Area:10890
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Lot Size Units:Square Feet
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Zoning:MR-3
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View:Foothills View
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Possible Use:Commercial
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Exclusions:Tenants Personal Property
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Horse:false
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Fencing:Partial
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Other Structures:Kennel/Dog Run
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Waterfront:false
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Road Surface Type:Dirt
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Has Water Rights:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Annual Amount:$2,913
Beds
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Bedrooms Total:2
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Bedroom 2 Level:Main
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Master Bedroom Level:Main
Baths
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Total Baths:2
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Full Baths:2
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Master Bath Features:Full Primary Bath
The Listing
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Virtual Tour URL Unbranded:https://v1tours.com/listing/56641/
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Special Listing Conditions:Private Owner
Heating & Cooling
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Heating:Forced Air
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Heating:true
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Cooling:Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:Natural Gas Available
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Gas:Natural Gas
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Electric:Electric
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Sewer:Septic
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Water Source:City Water
Appliances
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Appliances:Dishwasher
Schools
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Elementary School:Parmalee
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Middle School:West Jefferson
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High School:Conifer
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High School District:Jefferson County R-1
The Community
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Association:false
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Subdivision Name:Indian Hills 2nd Flg
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Spa:false
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Senior Community:false
Parking
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Garage Spaces:4
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Garage:true
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Garage Type:Off Street
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Attached Garage:false
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Covered Spaces:4
Monthly cost estimate
Asking price
$550,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,945
|
| Taxes | $242 |
| Insurance | $151 |
| Utilities | $148 See report |
| Total | $3,486/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/16/25
Apr 16, 2025
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Listed / Active | IRES | $550,000 |
