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.
For sale
$550,000
5235 Cheyenne Road, Indian Hills, CO 80454
2beds
1,224sqft
Est.:
Single Family Residence
Built in 1948
0.25 Acres Lot
$550,900 Zestimate®
$449/sqft
$-- HOA
What's special
Wooded viewsRustic charmAmple storageModern comfortGenerously sized bedroomsCozy wood-burning fireplaceFunctional kitchen
- 10 days
- on Zillow |
- 1,484 |
- 110 |
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 06:40am
Listed by:
Tammy Drozda 720-308-1652 tammy@madisonprops.com,
Madison & Company Properties
Source: REcolorado,MLS#: 3294743

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Description: Large Room, Natural Light, Large Bay Window, En Suite Bathroom
- Level: Main
Bedroom
- Description: Large Room, Across From Full Bathroom
- Level: Main
Primary bathroom
- Level: Main
Bathroom
- Level: Main
Other
- Description: Room For Extra Storage
- Level: Main
Dining room
- Description: Bathed In Natural Light
- Level: Main
Kitchen
- Description: Well-Equipped With Modern Appliances
- Level: Main
Living room
- Description: Hardwood Floors, Large Windows, And A Stunning Fireplace
- Level: Main
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
Features
- Ceiling Fan(s), High Speed Internet, Laminate Counters, No Stairs, Primary Suite
- Flooring: Carpet, Laminate, Wood
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 1,224
- Total interior livable area: 1,224 sqft
- Finished area above ground: 1,224
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
- Details: Off Street Spaces: 4
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Dog Run
- Fencing: Partial
Lot
- Size: 0.25 Acres
- Features: Foothills, Many Trees, Rolling Slope
- Residential vegetation: Wooded
Details
- Parcel number: 046908
- Zoning: MR-3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Rustic Contemporary
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1948
Utilities & green energy
- Electric: 110V
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Indian Hills 2nd Flg
HOA
- Has HOA: No
Location
- Region: Indian Hills
Financial & listing details
- Price per square foot: $449/sqft
- Tax assessed value: $398,459
- Annual tax amount: $2,913
- Date on market: 4/16/2025
- Listing terms: Cash,Conventional
- Exclusions: Tenants Personal Property
- Ownership: Individual
- Electric utility on property: Yes
- Road surface type: Dirt
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