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100 E 28TH ST

Cheyenne, WY 82001
  • $320,000
  • STATUS: Active
  • ON SITE: 105 Days
  • MLS #: 100946
Price Reduced
UPDATED: 33 min ago
$320,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,362
    SQFT
  • $95
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1921
County:
Area:

School Ratings & Info

Description

Investor sweat-equity play with Capitol Building views in a walkable Cheyenne pocket. Flexible multi-dwelling layout plus a detached garage converted to a private carriage house. Pro-forma income is about $4,600/mo; one unit is a newer Airbnb with room to push rates. Cap rate > 11 with potential to push higher for someone willing to put in the work. Zoned Mixed-Use Business (MUB) for rentals, live/work, or professional offices. This one has huge potential!

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[Cheyenne Board of Realtors] logo© 2026 Cheyenne MLS. All rights reserved. Search Results are produced though the Cheyenne MLS IDX Database. Real estate listings held by brokerage firms other than this firm are marked with the IDX logo and includes the name of the listing brokers. The information relating to real estate for sale on this web site comes from the Cheyenne MLS IDX database and is deemed reliable but not guaranteed. Copyright 2026 Cheyenne MLS. The information being provided is 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker The Property Exchange, Inc.. Data last updated: 2026-09-14T13:52:15.997.
www.cheyennepropertysearch.com/homes/177046099
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100 E 28TH ST Cheyenne, WY 82001

  • Price: $320,000
  • Status: Active
  • On Site: 105 Days
  • Updated: 33 min ago
  • MLS #: 100946
0
Beds
0
Baths
0
½ Baths
0.12
Acres
3,362
SQFT
$95
$/SQFT
1921
Built
Neighborhood:
City Of Cheyenne
County:
Laramie
Area:
Laramie
Property Description
Investor sweat-equity play with Capitol Building views in a walkable Cheyenne pocket. Flexible multi-dwelling layout plus a detached garage converted to a private carriage house. Pro-forma income is about $4,600/mo; one unit is a newer Airbnb with room to push rates. Cap rate > 11 with potential to push higher for someone willing to put in the work. Zoned Mixed-Use Business (MUB) for rentals, live/work, or professional offices. This one has huge potential!
Exterior Features

Construction Frame Garage Carport None Lot Size 5412 Roof Composition/Asphalt Style 1 1/2 Story

Interior Features

Appliances Range/OvenRefrigerator Heating System Gas Forced Air Laundry IndividualNone Sq Ft Basement 936 Sq Ft First Level 1486 Sq Ft Second Level 676 Unit1 Baths 1 Unit1 Beds 1 Unit2 Baths 1 Unit2 Beds 1 Unit3 Baths 2 Unit3 Beds 3 Unit4 Baths 1 Unit4 Beds 1

Property Features

Annual Expenses $19334 Annual Income $57600 Deed Transfer By General Warranty Financing Info DSCR Management On SiteOwner Multifamily Type 5-8 Plex Net Operating Income $38226 Owner Pays ElectricityGasSewerWater Proposed Financing CashConventional Sewer City Sewer Tax Year 2025 Taxes 1434.01 Tenant Pays None Unit1 Comments Lifetime lease for 76 y/o tenant $700/mo Unit1 Rent 700 Unit2 Comments Potential upside as this is a new AirBnB Unit2 Rent 1000 Unit3 Comments 2 units at this price Unit3 Rent 1500 Unit4 Rent 700 Water Public (City) Water

[Cheyenne Board of Realtors] logo Listing courtesy of Coldwell Banker, The Property Exchange: 307-632-6481. © 2026 Cheyenne MLS. Information Deemed Reliable but Not Guaranteed by the Cheyenne MLS. Real estate listings held by brokerage firms other than this firm are marked with the IDX logo and includes the name of the listing brokers.


[Cheyenne Board of Realtors] logo© 2026 Cheyenne MLS. All rights reserved. Search Results are produced though the Cheyenne MLS IDX Database. Real estate listings held by brokerage firms other than this firm are marked with the IDX logo and includes the name of the listing brokers. The information relating to real estate for sale on this web site comes from the Cheyenne MLS IDX database and is deemed reliable but not guaranteed. Copyright 2026 Cheyenne MLS. The information being provided is 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker The Property Exchange, Inc.. Data last updated: 2026-09-14T13:52:15.997.
 
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Cheyenne WY, 82009