diff --git a/tobiko/__init__.py b/tobiko/__init__.py
index 17ab5092d..c3b458123 100644
--- a/tobiko/__init__.py
+++ b/tobiko/__init__.py
@@ -14,6 +14,7 @@
 from __future__ import absolute_import
 
 from tobiko.common import _asserts
+from tobiko.common import _cached
 from tobiko.common import _config
 from tobiko.common import _detail
 from tobiko.common import _exception
@@ -33,6 +34,9 @@ details_content = _detail.details_content
 FailureException = _asserts.FailureException
 fail = _asserts.fail
 
+cached = _cached.cached
+CachedProperty = _cached.CachedProperty
+
 tobiko_config = _config.tobiko_config
 tobiko_config_dir = _config.tobiko_config_dir
 tobiko_config_path = _config.tobiko_config_path
diff --git a/tobiko/common/_cached.py b/tobiko/common/_cached.py
new file mode 100644
index 000000000..20beafef4
--- /dev/null
+++ b/tobiko/common/_cached.py
@@ -0,0 +1,140 @@
+# Copyright 2020 Red Hat
+#
+#    Licensed under the Apache License, Version 2.0 (the "License"); you may
+#    not use this file except in compliance with the License. You may obtain
+#    a copy of the License at
+#
+#         http://www.apache.org/licenses/LICENSE-2.0
+#
+#    Unless required by applicable law or agreed to in writing, software
+#    distributed under the License is distributed on an "AS IS" BASIS, WITHOUT
+#    WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied. See the
+#    License for the specific language governing permissions and limitations
+#    under the License.
+from __future__ import absolute_import
+
+
+NOT_CACHED = object()
+
+
+class CachedProperty(object):
+    """ Property that calls getter only the first time it is required
+
+    It invokes property setter with the value returned by getter the first time
+    it is required so that it is not requested again until del operator is not
+    called again on top of target object.
+
+    Implements default setter and deleter behaving as a regular attribute would
+    by setting or removing named attribute of target object __dict__
+
+    The name used for storing cached property value is got from getter function
+    name if not passed as constructor attribute.
+
+    Examples of use:
+
+      class MyClass(object):
+
+          @cached
+          def my_property(self):
+              return object()
+
+
+      obj = MyClass()
+      # my_property method not yet called
+      assert 'my_property' not in obj.__dict__
+
+      # my_property method is called
+      first_value = obj.my_property
+      assert obj.__dict__['my_property'] is first_value
+
+      # my_property method is not called again
+      assert obj.my_property is first_value
+
+      # first value is removed from dictionary
+      del obj.my_property
+      assert 'my_property' not in obj.__dict__
+
+      # my_property method is called
+      second_value = obj.my_property
+      assert obj.__dict__['my_property'] is second_value
+
+      # value returned by second call of method can be different
+      second_value is not first_value
+
+    For more details about how Python properties works please refers to
+    language documentation [1]
+
+    [1] https://docs.python.org/3/howto/descriptor.html
+    """
+
+    fget = None
+    fset = None
+    fdel = None
+    __doc__ = None
+    cached_id = None
+
+    def __init__(self, fget=None, fset=None, fdel=None, doc=None,
+                 cached_id=None):
+        if fget:
+            self.getter(fget)
+        if fset:
+            self.setter(fset)
+        if fdel:
+            self.deleter(fdel)
+        if doc:
+            self.__doc__ = doc
+        if cached_id:
+            self.cached_id = cached_id
+        elif self.cached_id is None:
+            self.cached_id = '_cached_' + str(id(self))
+
+    def getter(self, fget):
+        assert callable(fget)
+        self.fget = fget
+        if self.__doc__ is None:
+            self.__doc__ = fget.__doc__
+        return fget
+
+    def setter(self, fset):
+        self.fset = fset
+        return fset
+
+    def deleter(self, fdel):
+        self.fdel = fdel
+        return fdel
+
+    def __get__(self, obj, _objtype=None):
+        if obj is None:
+            return self
+
+        value = self._get_cached(obj)
+        if value is NOT_CACHED:
+            if self.fget is None:
+                raise AttributeError("Cached property has no getter method")
+            value = self.fget(obj)
+            self.__set__(obj, value)
+
+        return value
+
+    def __set__(self, obj, value):
+        if self.fset:
+            self.fset(obj, value)
+        self._set_cached(obj, value)
+
+    def __delete__(self, obj):
+        if self.fdel:
+            self.fdel(obj)
+        self._delete_cached(obj)
+
+    def _get_cached(self, obj):
+        return getattr(obj, self.cached_id, NOT_CACHED)
+
+    def _set_cached(self, obj, value):
+        setattr(obj, self.cached_id, value)
+
+    def _delete_cached(self, obj):
+        return obj.__dict__.pop(self.cached_id, NOT_CACHED)
+
+
+def cached(*args, **kwargs):
+    return CachedProperty(*args, **kwargs)
diff --git a/tobiko/tests/unit/test_cached.py b/tobiko/tests/unit/test_cached.py
new file mode 100644
index 000000000..fa45a9bc9
--- /dev/null
+++ b/tobiko/tests/unit/test_cached.py
@@ -0,0 +1,276 @@
+# Copyright 2020 Red Hat
+#
+#    Licensed under the Apache License, Version 2.0 (the "License"); you may
+#    not use this file except in compliance with the License. You may obtain
+#    a copy of the License at
+#
+#         http://www.apache.org/licenses/LICENSE-2.0
+#
+#    Unless required by applicable law or agreed to in writing, software
+#    distributed under the License is distributed on an "AS IS" BASIS, WITHOUT
+#    WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied. See the
+#    License for the specific language governing permissions and limitations
+#    under the License.
+from __future__ import absolute_import
+
+import typing  # noqa
+
+import tobiko
+from tobiko.tests import unit
+
+
+NOT_CALLED = object()
+
+
+class TestCached(unit.TobikoUnitTest):
+
+    my_property = tobiko.cached(doc='some doc')
+
+    def test_init(self):
+        prop = type(self).my_property
+        self.assertIsNone(prop.fget)
+        self.assertIsNone(prop.fset)
+        self.assertIsNone(prop.fdel)
+        self.assertEqual('some doc', prop.__doc__)
+        self.assertTrue(prop.cached_id)
+
+    def test_get(self):
+        ex = self.assertRaises(AttributeError, lambda: self.my_property)
+        self.assertEqual("Cached property has no getter method", str(ex))
+
+    def test_set(self):
+        self.my_property = value = object()
+        self.assertIs(value, self.my_property)
+
+    def test_delete(self):
+        self.my_property = object()
+        del self.my_property
+        ex = self.assertRaises(AttributeError, lambda: self.my_property)
+        self.assertEqual("Cached property has no getter method", str(ex))
+
+
+class TestCachedWithGetter(unit.TobikoUnitTest):
+
+    @tobiko.cached
+    def my_property(self):
+        return object()
+
+    def test_init(self):
+        # pylint: disable=no-member
+        prop = type(self).my_property
+        assert isinstance(prop, tobiko.CachedProperty)
+        self.assertTrue(callable(prop.fget))
+        self.assertIsNone(prop.fset)
+        self.assertIsNone(prop.fdel)
+        self.assertIs(prop.fget.__doc__, prop.__doc__)
+        self.assertTrue(prop.cached_id)
+
+    def test_get(self):
+        value = self.my_property
+        self.assertIs(value, self.my_property)
+
+    def test_set(self):
+        self.my_property = value = object()
+        self.assertIs(value, self.my_property)
+
+    def test_delete(self):
+        self.my_property = value = object()
+        del self.my_property
+        self.assertIsNot(value, self.my_property)
+
+
+class TestCachedWithSetter(unit.TobikoUnitTest):
+
+    _set_value = None
+
+    def set_my_property(self, value):
+        self._set_value = value
+
+    my_property = tobiko.cached(fset=set_my_property)
+
+    def test_init(self):
+        prop = type(self).my_property
+        self.assertIsNone(prop.fget)
+        self.assertIs(type(self).set_my_property, prop.fset)
+        self.assertIsNone(prop.fdel)
+        self.assertIsNone(prop.__doc__)
+        self.assertTrue(prop.cached_id)
+
+    def test_get(self):
+        self.assertFalse(hasattr(self, 'my_property'))
+        self.assertIsNone(self._set_value)
+
+    def test_set(self):
+        self.my_property = value = object()
+        self.assertIs(value, self.my_property)
+        self.assertIs(value, self._set_value)
+
+    def test_delete(self):
+        self.my_property = object()
+        del self.my_property
+        self.assertFalse(hasattr(self, 'my_property'))
+
+
+class TestCachedWithDeleter(unit.TobikoUnitTest):
+
+    _delete_value = None
+
+    def delete_my_property(self):
+        self._delete_value = object()
+
+    my_property = tobiko.cached(fdel=delete_my_property)
+
+    def test_init(self):
+        prop = type(self).my_property
+        self.assertIsNone(prop.fget)
+        self.assertIsNone(prop.fset)
+        self.assertIs(type(self).delete_my_property, prop.fdel)
+        self.assertIsNone(prop.__doc__)
+        self.assertTrue(prop.cached_id)
+
+    def test_get(self):
+        self.assertFalse(hasattr(self, 'my_property'))
+        self.assertIsNone(self._delete_value)
+
+    def test_set(self):
+        self.my_property = value = object()
+        self.assertIs(value, self.my_property)
+        self.assertIsNone(self._delete_value)
+
+    def test_delete(self):
+        self.my_property = object()
+        del self.my_property
+        self.assertFalse(hasattr(self, 'my_property'))
+        self.assertIsNotNone(self._delete_value)
+
+
+class TestCachedWithDoc(unit.TobikoUnitTest):
+
+    my_doc = 'some doc'
+
+    my_property = tobiko.cached(doc=my_doc)
+
+    @my_property.getter
+    def get_my_property(self):
+        return object()
+
+    def test_init(self):
+        prop = type(self).my_property
+        self.assertTrue(callable(prop.fget))
+        self.assertIsNone(prop.fset)
+        self.assertIsNone(prop.fdel)
+        self.assertIs(self.my_doc, prop.__doc__)
+        self.assertTrue(prop.cached_id)
+
+
+class TestCachedWithCachedId(unit.TobikoUnitTest):
+
+    cached_id = 'my_cached_id'
+
+    my_property = tobiko.cached(cached_id=cached_id)
+
+    @my_property.getter
+    def get_my_property(self):
+        return object()
+
+    def test_init(self):
+        prop = type(self).my_property
+        self.assertTrue(callable(prop.fget))
+        self.assertIsNone(prop.fset)
+        self.assertIsNone(prop.fdel)
+        self.assertIsNone(prop.__doc__)
+        self.assertEqual(self.cached_id, prop.cached_id)
+        self.assertFalse(hasattr(self, 'my_cached_id'))
+
+    def test_get(self):
+        # pylint: disable=no-member
+        value = self.my_property
+        self.assertIs(value, self.my_property)
+        self.assertIs(value, self.my_cached_id)
+
+    def test_set(self):
+        # pylint: disable=no-member
+        self.my_property = value = object()
+        self.assertIs(value, self.my_property)
+        self.assertIs(value, self.my_cached_id)
+
+    def test_delete(self):
+        # pylint: disable=no-member
+        self.my_property = value = object()
+        del self.my_property
+        self.assertIsNot(value, self.my_property)
+        self.assertIsNot(value, self.my_cached_id)
+
+
+class TestCachedWithDecorators(unit.TobikoUnitTest):
+
+    my_property = tobiko.cached()
+
+    getter_called = 0
+
+    @my_property.getter
+    def getter(self):
+        """Getter documentation"""
+        self.getter_called += 1
+        return object()
+
+    setter_called = tuple()  # type: typing.Tuple
+
+    @my_property.setter
+    def setter(self, value):
+        self.setter_called += (value,)
+
+    deleter_called = 0
+
+    @my_property.deleter
+    def deleter(self):
+        self.deleter_called += 1
+
+    def test_init(self):
+        # self.my_property method not called yet
+        prop = type(self).my_property
+        self.assertIs(type(self).getter, prop.fget)
+        self.assertIs(type(self).setter, prop.fset)
+        self.assertIs(type(self).deleter, prop.fdel)
+        self.assertIs(self.getter.__doc__, prop.__doc__)
+        self.assertTrue(prop.cached_id)
+
+    def test_get(self):
+        # my_property method is called
+        prop = type(self).my_property
+        value = self.my_property
+        self.assertEqual(1, self.getter_called)
+        self.assertIs(value, getattr(self, prop.cached_id))
+        self.assertEqual((value,), self.setter_called)
+        return value
+
+    def test_get_twice(self):
+        # my_property method is not called again
+        value1 = self.test_get()
+        value2 = self.test_get()
+        self.assertIs(value1, value2)
+
+    def test_set(self):
+        # property value is stored into the object
+        prop = type(self).my_property
+        self.my_property = value = object()
+        self.assertIs(value, self.my_property)
+        self.assertEqual(0, self.getter_called)
+        self.assertEqual(value, self.setter_called[-1])
+        self.assertIs(value, getattr(self, prop.cached_id))
+        return value
+
+    def test_set_twice(self):
+        # stored value is got after setting
+        value1 = self.test_set()
+        value2 = self.test_set()
+        self.assertIsNot(value1, value2)
+
+    def test_delete(self):
+        # deleting remove stored value
+        prop = type(self).my_property
+        value = self.test_set()
+        del self.my_property
+        self.assertFalse(hasattr(self, prop.cached_id))
+        self.assertIsNot(value, self.my_property)
+        self.assertEqual(1, self.deleter_called)