$498,000

1915 Dillon Ave Cheyenne, WY 82001

Historic Cheyenne Neighborhood

Estimated payment $2,776/month

Total Views 4,069
7 Beds
4 Baths
2,505 Sq Ft
$199 Price per Sq Ft

Highlights

  • Handicap Accessible
  • Forced Air Heating System
  • 5-minute walk to Martin Luther King Jr Park
  • 1-Story Property
  • Carpet

About This Home

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 rent out the other three. Key capitol improvements have already been made including new roof and gutters (2023) All new windows and screens (2024). New Sewer Line (2024) This property combines turnkey stabiity with room for growth making it ideal for both seasoned investors, and first time buyers.

Listing Agent

Nicole Eitemiller

Aspire Realty License #RE_14283 Listed on: 09/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,983

Year Built

  • Built in 1920

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,505 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Carpet

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Additional Features

  • Handicap Accessible
  • 8,712 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for garbage removal, water
  • Assessor Parcel Number 11001028600040

Community Details

Overview

  • 4 Units
  • City Of Cheyenne Subdivision

Building Details

  • Gross Income $44
  • Net Operating Income $38

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,983

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Style: 1 STORY
  • Class: Multi-Family
  • Heating System: Gas Forced Air
  • Tax Database Id: 1
  • Type: 4-Plex
  • Annual Income: $44,400.00
  • Total Sq Ft: 2505
  • Taxes: 1983.23
  • Tax Year: 2025
  • Year Built: 1920
  • Earnest Money Payable To: First American Title
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Carpeted, Handicap Access, Window Covering
  • Appliances: Dishwasher, Microwave, Refrigerator, Range/Oven

Exterior Features

  • Acreage: 0.2
  • Construction: Frame
  • Roof: Composition/Asphalt
  • Water: Public (City) Water

Utilities

  • Sewer: City Sewer

Lot Info

  • Geo Subdivision: WY

Rental Info

  • Owner Pays: Garbage Removal, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • No. of Units: 4
  • Annual Expenses: $5537.55
  • Net Operating Income: $38,862.45

Tax Info

  • Assessor Parcel Number: 11001028600040

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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
2025 $1,701 $28,115 $4,493 $23,622
2024 $1,701 $24,062 $4,493 $19,569
2023 $1,702 $24,065 $4,493 $19,572
2022 $1,732 $23,989 $4,493 $19,496
2021 $1,456 $20,125 $4,493 $15,632
2020 $1,348 $18,690 $4,493 $14,197
2019 $1,328 $18,388 $4,493 $13,895
2018 $1,325 $18,520 $4,372 $14,148
2017 $1,220 $16,899 $4,372 $12,527
2016 $1,177 $16,305 $4,372 $11,933
2014 $1,203 $16,553 $4,372 $12,181
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2025 09/27/25 For Sale $498,000 +50.9% $199 / Sq Ft
11/30/2021 11/30/21 Sold -- -- -- View Prior Sale
10/25/2021 10/25/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $330,000 -- $132 / Sq Ft
Source: Cheyenne Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Laramie Cnty Abstract & Ttl
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $264,000 New Conventional
Previous Owner $123,750 Fannie Mae Freddie Mac
Previous Owner $110,400 Purchase Money Mortgage
Closed $20,700 No Value Available
Source: Public Records

Source: Cheyenne Board of REALTORS®

MLS Number: 98644

Cheyenne Board of REALTORS®

APN: 1-1001-0286-0004-0

Wyoming Laramie County Cheyenne 82001 Historic Cheyenne

1915 Dillon Ave, Cheyenne, WY

For Sale

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Listing Agent
Nicole Eitemiller
Section Image
Aspire Realty
(307) 312-2753