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Cheyenne, WY Multifamily Homes & Duplexes for Sale

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  • /23

    $480,000

    • 5 Beds
    • 3 Baths
    • 2,902 Sq Ft

    414 E 22nd St, Cheyenne, WY 82001

    Historic Beauty with Modern Flexibility! Listed on the National Register of Historic Places, this updated yet timeless 5-bedroom, 3- bath home can serve as a single family residence or a duplex. The main house offers 3 bedrooms, 2 baths, hardwood floors, a parlor and formal dining, and a huge laundry area. The separate back unit includes includes 2 bedrooms and 1 bath - perfect for guests or

    Agent Photo

    Barbara Kuzma

    Kuzma Success Realty

    (307) 448-1856

    414 E 22nd St, Cheyenne, WY 82001
  • /36

    $650,000

    • 5 Beds
    • 3 Baths
    • 3,072 Sq Ft

    509 Bent Ave, Cheyenne, WY 82007

    Co Living Investment Property | Cash Flow from Day One | Turnkey Multi Family Rental Looking for a high cash flow real estate investment? This 3 year old co living building is fully tenanted and generating rental income from day one. A true turnkey investment property built for investors who want stability and strong returns. Property Highlights 8 total bedrooms and 6 bathrooms 4 private en

    Agent Photo

    JP Fluellen

    Real Broker, LLC

    (307) 323-3613

    509 Bent Ave, Cheyenne, WY 82007
  • /36

    $408,000

    • 5 Beds
    • 2 Baths
    • 2,486 Sq Ft

    202 E 3rd Ave, Cheyenne, WY 82001

    Charming Duplex in Prime Location – Live In One, Rent the Other! Located in the heart of town, this maintained duplex is full of potential—whether you're looking for a smart investment or a home that helps pay the mortgage! Unit 1 (Main Floor): Step into a warm and inviting space with hardwood floors featuring 2 spacious bedrooms, a full bathroom, a large living room with a fireplace, a

    Agent Photo

    JP Fluellen

    Real Broker, LLC

    (307) 387-6232

    202 E 3rd Ave, Cheyenne, WY 82001
  • /17

    $610,000

    • 8 Beds
    • 4 Baths
    • 3,400 Sq Ft

    1604 Taft Ave, Cheyenne, WY 82001

    Excellent investment property. All units are occupied with one lease on a month to month just incase someone wanted to owner occupy this unit.

    Joseph Shogrin Selling Homes Network

    1604 Taft Ave, Cheyenne, WY 82001
  • /16

    $325,000

    • 2 Beds
    • 2 Baths
    • 1,024 Sq Ft

    3205 Reed Ave, Cheyenne, WY 82001

    Charming Duplex - Great Investment Opportunity!! Excellent income property that features two 1 bedroom, 1 bathroom units, property is fully fenced and has garage space available. Well maintained and conveniently located near shopping, dining and FE Warren Air Force Base. Strong rental potential and easy to manage. Brand new decking, roof (upgraded to class 4 shingles) and gutters. Don't miss this

    Vicki Sopr #1 Properties

    3205 Reed Ave, Cheyenne, WY 82001
  • /17

    $338,000

    • 4 Beds
    • 2 Baths
    • 1,752 Sq Ft

    2114 Rollins Ave, Cheyenne, WY 82001

    Up/Down centrally located, remodeled duplex. Each floor has 2br, 1ba, kitchen, living room and 1-car garage. Separate entrance back of house for lower unit. Each unit has a stackable washer/dryer. Owner pays all utilities except electricity. Upper unit is gas heat with central air. Lower unit is electric heat. Tankless water heater in lower unit serves both units. IN ADDITION 1-car garage #3 that

    Kaye Ellis Kuzma Success Realty

    2114 Rollins Ave, Cheyenne, WY 82001
  • /27

    $1,099,999

    • Studio
    • 5,328 Sq Ft

    600 Central Ave, Cheyenne, WY 82007

    Explore this renovated 17-unit complex, strategically positioned just moments away from the bustling highway and downtown Cheyenne. Whether you're an astute investor aiming to tap into the thriving short-term rental market or seeking a strategic investment in traditional apartment accommodations, this property offers limitless potential to cater to a diverse range of tenants.

    Colton Carlson Coldwell Banker, The Property Exchange

    600 Central Ave, Cheyenne, WY 82007
  • /6

    $330,000

    • 6 Beds
    • 2 Baths
    • 1,908 Sq Ft

    523 and 525 W 6th St, Cheyenne, WY 82007

    Excellent investment opportunity! This duplex offers two spacious units, each featuring 3 bedrooms and 1 bath with washer/dryer hook ups. Strong rental history with reliable tenants in place. Ideal for investors seeking steady cash flow!

    Teryl Cates #1 Properties

    523 and 525 W 6th St, Cheyenne, WY 82007
  • /34

    $635,000

    • 4 Beds
    • 4 Baths
    • 2,676 Sq Ft

    1410 Carbon Ave Unit A-D, Cheyenne, WY 82001

    Fantastic opportunity to own a fully updated four-plex with solid rental income! Each unit has been thoughtfully renovated with modern finishes, making this a low-maintenance, high-performing asset. All units are currently rented, providing excellent cash flow from day one. Whether you’re a seasoned investor or just getting started, this property checks all the boxes. 7-9% CAP rate!

    Asha Bean Century 21 Bell Real Estate

    1410 Carbon Ave Unit A-D, Cheyenne, WY 82001
  • /15

    $365,000

    • 4 Beds
    • 2 Baths
    • 1,960 Sq Ft

    2119 E 11th St, Cheyenne, WY 82001

    Move-in ready duplex, freshly updated to offer modern comfort and easy living. Each unit features its own washer and dryer, providing the ultimate convenience for tenants or a multi-gen household. A new roof is scheduled for installation soon! Two bright, well-maintained units with separate entrances or could be combined into a single-family home, ideal for owner-occupants seeking rental income

    Jessica Biggs RE/MAX Capitol Properties

    2119 E 11th St, Cheyenne, WY 82001
  • /16

    $498,000

    • 7 Beds
    • 4 Baths
    • 2,505 Sq Ft

    1915 Dillon Ave, Cheyenne, WY 82001

    Investor-Ready Four-Plex near Downtown Cheyenne! Strong Cash Flow + Value-Add Potential. 3 of the 4 units have been completely renovated and modernized. New kitchens, new applicances, updated bathrooms, new flooring, new fixtures, and contemporary finishes. One unit remains for value add improvements - perfect for increasing rental income, or for an owner-occupant looking to live in one unit and

    Nicole Eitemiller Aspire Realty

    1915 Dillon Ave, Cheyenne, WY 82001
  • /17

    $2,249,995

    • 12 Beds
    • 12 Baths
    • 11,900 Sq Ft

    1420 Big Meadow Dr, Cheyenne, WY 82007

    Investment opportunity! 5 twin home units available for purchase. Can be purchased as a package or individually. Individual price is $449,999. Large units with large bedroom sizes. 3 bedrooms 2.5 baths and a 2 car garage. Quality construction and a great location. Photos have been virtually staged.

    Joe Svec #1 Properties

    1420 Big Meadow Dr, Cheyenne, WY 82007
  • /17

    $825,000

    • 12 Beds
    • 8 Baths
    • 3,952 Sq Ft

    3808 Gregg Way Unit 3, Cheyenne, WY 82009

    Excellent investor opportunity with units maintained at the highest level. Historically under 1% vacancy rate. CAP = 5.3% Great walkability score. Within one block of King Soopers and strip retail area. Off street parking and additional unrestricted street parking on extra wide street adjacent to complex.

    Jim Weaver #1 Properties

    3808 Gregg Way Unit 3, Cheyenne, WY 82009
  • /32

    $320,000

    • 5 Beds
    • 3 Baths
    • 2,690 Sq Ft

    912 Pebrican Ave Unit 912 & 916, Cheyenne, WY 82007

    A great opportunity to own a property with two separate units on one lot. Unit 912 has two bedrooms and one bath, unit 916 has 3 bedrooms and 1 bath. Hardwood floors. Well maintained units, with each unit having its own yard. Off-street parking for 4 cars, and a one-car garage. Basement is unfinished and has a full bathroom. Unit 916 has a large shed in yard for storage. Newly Painted exterior

    Wendy Volk #1 Properties

    912 Pebrican Ave Unit 912 & 916, Cheyenne, WY 82007
  • /17

    $940,000

    • 4 Beds
    • 2 Baths
    • 7,000 Sq Ft

    3666 Aviator Ct, Cheyenne, WY 82009

    Here's an incredible opportunity for a flexible property built in 2023. It can be used as office, warehouse, investment for rental units or hangar space directly located on the 4000' grass air strip for Skyview Airpark. The building consists of two 1200 sq ft apartment units with separate entrances, 2 bedrooms and 1 bathroom, living room and kitchen. There's a 40X50 shop space that is heated and

    Steve Prescott RE/MAX Capitol Properties

    3666 Aviator Ct, Cheyenne, WY 82009
  • /18

    $380,000

    • 4 Beds
    • 3 Baths
    • 2,572 Sq Ft

    115 W 7th St, Cheyenne, WY 82007

    This charming 3-unit multi-family property in SOUTH CHEYENNE boasts a total of 2,572 square feet on 0.11 acres of land. Built in 1930, this property has been meticulously maintained and upgraded over the years. All houses feature fresh new carpet and paint, ensuring a clean and welcoming environment. Notable recent upgrades include the Red house's dual newer furnaces (serving upstairs and

    Elsa McHenry Coldwell Banker, The Property Exchange

    115 W 7th St, Cheyenne, WY 82007
  • /4

    $700,000

    • Studio
    • 1,200 Sq Ft

    2716 S Avenue B-6, Cheyenne, WY 82007

    Investment Opportunity! This unique property features a 3-bedroom home situated on a spacious lot that includes 9 mobile home spaces and 1 RV space, all with room to expand. An additional parcel of land is included, offering the potential to develop up to 10 more mobile home lots.

    Steven Johnson RE/MAX Capitol Properties

    2716 S Avenue B-6, Cheyenne, WY 82007

Why Live in Cheyenne

Cheyenne's status as the highest state capital at 6,062 feet combines with its western heritage to create a distinctive atmosphere. The world's largest outdoor rodeo, Cheyenne Frontier Days, brings 10 days of professional rodeo competitions, parades, and country music concerts each July. Residents enjoy 37 public parks and access to outdoor recreation at nearby Curt Gowdy State Park, Vedauwoo Recreation Area, and Medicine Bow National Forest. The dining scene features established local institutions like The Albany, a family-owned restaurant serving American fare since 1942, alongside newer additions such as Wyoming's Rib & Chop House and The Metropolitan Downtown.

The real estate landscape includes diverse options across several neighborhoods. The median price for single family homes ranges from $259,000 in Fox Farm-College to $622,500 in The Pointe. Historic Cheyenne features single family homes with a median price of $300,000, while Indian Hills commands a median of $415,000. Condominiums present more affordable options, with median prices of $194,900 for one bedroom units and $205,000 for two bedrooms.

Cheyenne maintains a cost of living 0.9% below the national average. A family with school-age children needs approximately $104,000 annually to live comfortably, while renters should aim for $54,000. The city has no state income tax, and property taxes remain competitive at 0.58%. Pioneer Park Elementary School, rated B Plus by Niche, serves families in Historic Cheyenne. Major employers include the State of Wyoming government, F.E. Warren Air Force Base, and Burlington Northern Santa Fe Railroad. The city's location 100 miles north of Denver provides additional employment and cultural opportunities within a 1.5 hour drive.

Home Trends in Cheyenne, WY

Housing Trends

Median Single Family Sale Price
$489,950
Median Townhouse Sale Price
$374,950
Median 2 Bedroom Sale Price
$229,000
Average Price Per Sq Ft
$330
Number of Homes for Sale
106
Last 12 months Home Sales
0
Median List Price
$485,000
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