Brick Duplex with Two-Car
For Sale
$430,000
3410 GREEN CT, Cheyenne, WY 82009
Multi-Family, Cheyenne, WY
Property Size2,000 SF
Lot Size0.31 Acres
Price / SF$215
Days on Market26
Property Features for 3410 GREEN CT
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 5, Bathroom 1
Interior features
Cable Access, Carpeted
Exterior features
Fence
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
Subdivision
GREEN
Standard status
Active
Size
2,000 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
Green Subdivision, 3rd filing, tract 24
Legal Description
Green Subdivision, 3rd filing, tract 24
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
private washer and dryer
garage
Building Details
Year built
1956
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Codee Dalton · License #RE-15064
(307) 871-8098
Added: Aug 10
Changed: Sep 3
Last Checked: Sep 4 at 2:06AM
MLS# 101717
Copyright © 2026 Cheyenne MLS. 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.
This 2,000-square-foot duplex contains two residential units, each with a full kitchen and private washer and dryer. The property includes an oversized 2-car garage, additional off-street parking, fencing, brick construction, and a composition roof. Interior features include carpeting and cable access, while appliances include dishwashers, disposals, microwaves, ranges/ovens, and refrigerators.
Located in Cheyenne, the property is within walking distance of grocery shopping and nearby amenities. Built in 1956, it sits on 0.31 acres and is served by public water. Heating is provided by natural gas forced-air systems.
Located in Cheyenne, the property is within walking distance of grocery shopping and nearby amenities. Built in 1956, it sits on 0.31 acres and is served by public water. Heating is provided by natural gas forced-air systems.
Key Highlights
- Two‑unit duplex totaling 2,000 square feet on 0.31 acres
- Oversized 2‑car garage plus additional off‑street parking
- Each unit includes a full kitchen and private washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,321
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,420
$406.4K
Cap Rate 7%
$290,300
$290.3K
Cap Rate 9%
$225,789
$225.8K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$30.7K $15.36/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$29.0K $14.52/SF
− OpEx
−$8.7K −$4.35/SF
NOI
$20.3K $10.16/SF
Area
Laramie County, WY
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,420
Cap Rate 7%
$290,300
Cap Rate 9%
$225,789
Alternative Uses
Best Use
Multifamily LT 5
$290.3K
$254.0K – $338.7K
NOI $20,321 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$261.9K
$229.2K – $305.6K
NOI $18,336 @ 7.0% cap · market cap 4.26%
Theoretical Best
Retail
$327.7K
$286.8K – $382.4K
NOI $22,941 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 82009, WY
35,700
Population
15,361
Households
2.3
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
1,277.8 sq mi
ZIP Area
28
Density / Sq Mi
$102,727
Median Household Income
$57,157
Median Earnings
$1,106
Median Rent
$415,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer full kitchens, private washers and dryers, and off-street parking near grocery shopping and other amenities.
Where is this duplex located?
The property is located at 3410 GREEN CT Cheyenne, WY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,000 square feet on 0.31 acres; Oversized 2‑car garage plus additional off‑street parking; Each unit includes a full kitchen and private washer and dryer
