1216 TAFT AVE, Cheyenne, WY 82007
MULTI_FAMILY - Cheyenne, WY
- Added:
- Mar 15, 2026
- Days on Market:
- 105
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 1216 TAFT AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 8
- Patio and Porch features
- Deck, Patio
- Interior features
- Carpeted
- Exterior features
- Deck, Patio, Lawn Sprinklers
- Appliances
- Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 3,632 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Taft Avenue Apartments: Lot 4 Block 1
- Tax Annual Amount
- 3605
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Allison Bailey (307) 640-9222
Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY (307) 634-2222
Listing date Mar 15, 2026
Copyright © 2026 Cheyenne Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four‑plex built in 2004 with brick construction and a composition roof
- Fully rented with two 2‑bedroom, 1‑bath layouts and individual laundry in each unit
- Each unit includes a kitchen appliance package with dishwasher, disposal, microwave, range/oven, and refrigerator
- Outdoor living includes a deck, patio, and lawn sprinklers
- Public water source and hot water heating
Overview
The building is located at 1216 Taft Ave in Cheyenne, Wyoming. The lot size is identified as 0.25 acres, and the total property size is listed as 3,632 square feet.
For buyers seeking a small multifamily income property, this configuration offers a consistent unit mix across all four units. The listing also states the property is fully rented, providing an existing occupied profile at the time of sale. Off-street parking and in-unit laundry can support tenant usability for a two-bedroom, one-bath household setup.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.8k | $15.36 |
| − Vacancy | −$3.1k | −$0.84 |
| EGI | $52.7k | $14.52 |
| − OpEx | −$15.8k | −$4.35 |
| NOI | $36.9k | $10.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.751629
- Latitude
- 41.137208
