$350,000
$40K PRICE DROP

100 E 28th St Cheyenne, WY 82001

Historic Cheyenne Neighborhood

Estimated payment $2,011/month

Total Views 4,278
6 Beds
5 Baths
3,362 Sq Ft
$104 Price per Sq Ft

About This Home

ATTENTION INVESTORS! This unique income property is a textbook value-add opportunity for a savvy investor ready to build a true cash cow. Located in a highly walkable district with direct views of the Capital Building, the property features a flexible multi-dwelling layout—including a detached garage converted into a private carriage house—and currently generates $3,100 a month with the main 3/2 unit owner occupied. One unit is a newly launched Airbnb with massive runway to optimize and increase rates, and the property already operates around 11% Cap Rate when the owner-occupied unit is rented. Zoned Mixed-Use Business (MUB), the possibilities are endless for residential rentals, live/work spaces, or professional offices. This is the perfect chance to renovate one unit at a time, maximize market rents, and unlock massive upside in a prime location.

Listing Agent

Mariah Jeffery

Coldwell Banker, The Property Exchange Listed on: 05/31/2026

Coldwell Banker, The Property Exchange

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1921

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,362 Sq Ft Home
  • 1.5-Story Property
  • Oven or Range
  • Laundry in unit

Additional Features

  • 5,412 Sq Ft Lot
  • Forced Air Heating System

Community Details

Overview

  • 5 Units
  • City Of Cheyenne Subdivision

Building Details

  • Gross Income $57
  • Net Operating Income $38

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,434

Year Built

Built in 1921

Lot Details

5,412 Sq Ft Lot

Listing Details

  • Style: 1 1/2 Story
  • Class: Multi-Family
  • Heating System: Gas Forced Air
  • Lot Size: 5412
  • Type: 5-8 Plex
  • Annual Income: $57,600
  • Total Sq Ft: 3362
  • Taxes: 1434.01
  • Tax Year: 2025
  • Year Built: 1921
  • Earnest Money Payable To: CBTPE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Laundry: Individual
  • First Level Sq Ft: 1486
  • Second Level Sq Ft: 676
  • Appliances: Range/Oven, Refrigerator
  • Basement Sq Ft: 936

Exterior Features

  • Acreage: 0.12
  • Construction: Frame
  • Roof: Composition/Asphalt
  • Water: Public (City) Water

Utilities

  • Sewer: City Sewer

Lot Info

  • Geo Subdivision: WY

Rental Info

  • Owner Pays: Electricity, Gas, Water, Sewer

Multi Family

  • No. of Units: 5
  • Annual Expenses: $19,334
  • Net Operating Income: $38,226

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $1,434 $27,931 $3,385 $24,546
2025 $1,434 $20,329 $2,539 $17,790
2024 $1,846 $26,104 $3,385 $22,719
2023 $1,785 $25,241 $3,385 $21,856
2022 $1,557 $21,566 $3,385 $18,181
2021 $1,389 $19,203 $3,385 $15,818
2020 $1,336 $18,526 $3,385 $15,141
2019 $1,299 $17,993 $3,385 $14,608
2018 $1,838 $25,704 $2,800 $22,904
2017 $1,697 $23,512 $2,800 $20,712
2016 $1,598 $22,136 $2,576 $19,560
2015 $1,584 $21,935 $2,576 $19,359
2014 $1,433 $19,708 $2,576 $17,132
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2026 07/02/26 Price Changed $350,000 -6.7% $104 / Sq Ft
06/29/2026 06/29/26 Price Changed $375,000 -3.8% $112 / Sq Ft
05/31/2026 05/31/26 For Sale $389,900 -- $116 / Sq Ft
Source: Cheyenne Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $150,000 Seller Take Back
Closed $150,000 New Conventional
Source: Public Records

Source: Cheyenne Board of REALTORS®

MLS Number: 100946

Cheyenne Board of REALTORS®

APN: 1-1001-0016-0005-2

Wyoming Laramie County Cheyenne 82001 Historic Cheyenne

100 E 28th St, Cheyenne, WY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cheyenne Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Mariah Jeffery
Listing Agent
Mariah Jeffery
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Coldwell Banker, The Property Exchange
(307) 488-4709
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