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6 Beds
2 Baths
2,296 sqft

$61,000

125 E 3rd Street, Cheyenne Wells CO, 80810

Price per sqft$26.57
Built in1939
Property size2,296 sqft
Property typeResidential
Listed by Terrie Elwood MRP SFR , Quest Real Estate Partners Listing Contact: 719-332-0004

Overview

Pending

Listed Jun 23, 2026

Updated 2 weeks ago

Investor special with value-add potential! This spacious home offers a layout that could lend itself to a variety of renovation strategies. The main level features high ceilings, exposed brick accents, laminate flooring, three bedrooms, a three-quarter bath, and an open living, dining, and kitchen area. Many of the upper-level windows have been updated to vinyl, and the upper kitchen cabinetry appears newer, providing a starting point for your renovation plans. The basement includes a large family room, kitchenette with dining area, full bathroom, laundry area, and two bedrooms plus an additional non-conforming bedroom. With its separate side entrance, the lower level may offer potential for a separate living area, guest quarters, or rental income opportunity. The property does need rehabilitation and is suited for investors, contractors, or buyers seeking a major renovation project. Missing kitchen components, worn flooring, deferred maintenance, and overall condition will require investment and updating. Located on the edge of town with a manageable yard and convenient access to local amenities, this property presents an opportunity to restore and reposition a home with considerable square footage and flexible living arrangements.

$406/mo

Est. mortgage payment based on a $61,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7400577

Interior Features

Bedrooms
6
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$743
Tax Frequency
Annually
MLS provider logo

Listed by Terrie Elwood MRP SFR , Quest Real Estate Partners

Listing Contact: 719-332-0004

The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp d/b/a elevateMLS.

Data Last Updated: 9/20/2026

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