1217 TAFT AVE Cheyenne, WY 82001
MULTI_FAMILY - Cheyenne, WY
- Added:
- May 15, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 11 at 1:06 am
Property Features for 1217 TAFT AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
- Patio and Porch features
- Deck
- Interior features
- Cable Access, Carpeted
- Exterior features
- Deck, Lawn Sprinklers, Landscaped
- Appliances
- Dishwasher, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 3,952 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- UNIT 12A, B, C, D - BUILDING 12
- Tax Annual Amount
- 595
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 2004
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Composition
Listing agent Steven Prescott (307) 630-9342
Listing office RE/MAX Capitol Properties 4000 Central Ave., Cheyenne, WY (307) 635-0303
Listing date May 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.
Investment Insights
Based on property information with market context.
Located in Cheyenne, WY at 1217 Taft Ave, the property is described as being in a great location with close proximity to schools and parks. The exterior areas are managed through an HOA structure that covers lawn care and snow removal, as well as exterior building maintenance and building insurance and liability insurance.
For buyers seeking a streamlined ownership model, the combination of consistent unit layouts and HOA-covered exterior responsibilities can reduce day-to-day maintenance workload. The separately metered design supports straightforward utility management, while the shared property amenities and parking layout add practical value for long-term residential income use.
Key Highlights
- 4‑plex building built in 2004 with all units configured as 2 bed, 1 bath
- Separately metered utilities and plenty of off‑street parking
- Gas‑fired heat with forced‑air system and gas fireplaces in the units
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 | $60.7k | $15.36 |
| − Vacancy | −$3.3k | −$0.84 |
| EGI | $57.4k | $14.52 |
| − OpEx | −$17.2k | −$4.35 |
| NOI | $40.2k | $10.16 |
