$8,301 Closing Credit¹
#3925990, Darcelle Cook, Listing Office: Vision Equity Group Real Estate, LLC
#3294743·
Listing office: Madison & Company Properties·
Listing agent: Tammy Drozda·
Listing office phone: 720-308-1652
$550,000 List price
5235 Cheyenne Rd Indian Hills, CO 80454
$6,531
Closing credit¹
2 beds
2 full
1,224 sqft
0.3 acres
$449 / sqft
House
Property details
About 5235 Cheyenne Rd
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.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size1,224 sqft
Lot size0.25 Acres
Year built1948
ParkingDriveway-Dirt
MLS #3294743
FireplaceLiving Room, Wood Burning
Summary
- MLS Number: 3294743
- MLS Name: RECOLORADO
- Office Name: Madison & Company Properties
- Office Phone: (720) 308-1652
- Office Email: tammy@madisonprops.com
- Listing Agent: Tammy Drozda
Listings courtesy of REColorado as distributed by MLS GRID.
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6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA
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Last updated on: 4/26/2025, 6:12:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$550,000
5235 Cheyenne Rd
$6,531
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 13, 2007 | Home Sold | $250,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $26,696 | $2,918 |
| 2022 | $21,316 | $2,441 |
| 2021 | $21,930 | $2,446 |
| 2020 | $19,658 | $2,205 |
| 2019 | $19,795 | $1,943 |
| 2018 | $16,969 | $1,779 |
| 2017 | $18,760 | $1,917 |
History based on county public records data.
Nearby schools
9
Parmalee Elementary School
Public District KG-5
1.7 mi
•4460 Parmalee Gulch Rd
8
Red Rocks Elementary School
Public District KG-5
3.6 mi
•17199 Highway 74
10
Marshdale Elementary School
Public District KG-5
3.8 mi
•26663 N Turkey Creek Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $97,870. Most Indian Hills, CO residents have annual incomes between $100k-200k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
14%
<35k
39%
35k-100k
43%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
26%
Single, No Kids
2%
Single, with Kids
46%
Married, No Kids
26%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
6%
12-17 yrs old
9%
18-34 yrs old
57%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Hunting
Symphony or Opera
Figure Skating
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Chico's
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Boston Market
What do the neighbors drive?
Cadillac
Subaru
Volvo
What do the neighbors listen to?
News/Talk/Information
New Country
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5235 Cheyenne Rd
This home is located at 5235 Cheyenne Rd in Indian Hills, CO and zip code 80454 in the Indian Hills neighborhood. This 1,224 square foot home, which was built in 1948, sits on a 0.25 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 16, 2025 and is currently priced at $550,000.
While more than 7 listings in Indian Hills, CO in March 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 24 were sold below. Between February and March 2025, Indian Hills, CO real estate market has seen increase in the number of listings by 36.8%. While the average time on the market in March 2025 was 49 days, the median list price was $935,652.
From Rocket Homes Real Estate and based on county public records data.