1 of 45

Want to see this home?

5235 Cheyenne Road

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.

Listing courtesy of Madison & Company Properties

Last checked: Checking… • Last updated Apr 16, 2025 •

MLS# 3294743 —

This home is listed in more than one place. See it here.

The Building

Year Built:

1948
Architectural Style:

Rustic Contemporary
Construction Materials:

Wood Siding
Structure Type:

House
Exterior Features:

Dog Run
Patio And Porch Features:

Front Porch
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Roof:

Composition
Basement:

false
Levels:

One
Building Area Total:

1224
Building Area Source:

Public Records
Above Grade Finished Area:

1224
Property Attached:

false

Interior

Interior Features:

Ceiling Fan(s), High Speed Internet, Laminate Counters, No Stairs, Primary Suite
Furnished:

Unfurnished
Flooring:

Carpet, Laminate, Wood
Fireplaces Total:

1
Fireplace Features:

Living Room, Wood Burning

Room Dimensions

Living Area:

1224

Location

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.
Latitude:

39.62158839
Longitude:

-105.24702568

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Parcel Number:

046908
Current Use:

Live/Work
Zoning:

MR-3
Lot Features:

Foothills, Many Trees, Rolling Slope
Lot Size Area:

0.25
Lot Size Acres:

0.25
Lot Size SqFt:

10890
Lot Size Units:

Acres
Exclusions:

Tenants Personal Property
Fencing:

Partial
Horse:

false
Vegetation:

Pine
Road Responsibility:

Public Maintained Road
Road Frontage Type:

Public
Road Surface Type:

Dirt

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

2913
Tax Legal Description:

SECTION 17 TOWNSHIP 05 RANGE 70 QTR NE SUBDIVISION CD 376600 SUBDIVISION NAME INDIAN HILLS 2ND FLG BLOCK 006 LOT 0015 SIZE: 1642 TRACT 00B VALUE: .038 SECTION 17 TOWNSHIP 05 RANGE 70 QTR NE SUBDIVISION CD 376600 SUBDIVISION NAME INDIAN HILLS 2ND FLG BLOCK 006 LOT 0017 SIZE: 9084 TRACT 00A VALUE: .209

Beds

Bedrooms Total:

2
Main Level Bedrooms:

2

Baths

Total Baths:

2
Full Baths:

2
Main Level Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://v1tours.com/listing/56641/
Home Warranty:

false

Heating & Cooling

Heating:

Forced Air, Natural Gas
Cooling:

None

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected
Electric:

110V
Sewer:

Septic Tank
Water Included:

Yes
Water Source:

Public

Appliances

Appliances:

Dishwasher, Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer

Schools

Elementary School:

Parmalee
Elementary School District:

Jefferson County R-1
Middle Or Junior School:

West Jefferson
Middle Or Junior School District:

Jefferson County R-1
High School:

Conifer
High School District:

Jefferson County R-1

The Community

Subdivision Name:

Indian Hills 2nd Flg
Senior Community:

false
Association:

false

Parking

Parking Total:

4
Parking Features:

Driveway-Dirt
Attached Garage:

false

Monthly cost estimate

Asking price

$550,000

Expense	Monthly cost
Mortgage	$2,945
Taxes	$242
Insurance	$151
Utilities	$148 See report
Total	$3,486/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Want a closer look?

Go see 5235 Cheyenne Road

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Indian Hills, CO

Similar sold homes

This house located in Indian Hills, CO 80454 is currently for sale for $550,000. 5235 Cheyenne Road is a 1,224 square foot house with 2 beds and 2 baths that has been on Estately for 4 days. This house is in the attendance area of Parmalee Elementary School.

Listing Courtesy of: RECOLORADO and Madison & Company Properties. Data displayed here has not been verified by Estately. Disclaimers