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Three-Residence Multifamily Property
For Sale
$1,500,000

407 Diamond Basin Rd, Cody, WY 82414

Residential Income, Cody, WY

Property SizeContact for details
Lot Size50.89 Acres
Days on Market222

Property Features for 407 Diamond Basin Rd

General Information

Property type Residential Multi Family
Property subtype Other
Patio and Porch features Deck
Interior features Breakfast Bar, Ceiling Fan(s), Garage Door Opener, Handicap Access, Mud Room, Pantry, Walk-in Closet(s)
Exterior features Acreage Fenced, Dirt Ditches, Hand Line, Horse Property, Irrigated, Natural Gas to Property, Outbuilding(s), Production Ground, Rain Gutter, RV/Boat/Trailer Parking, Private Entrance
Fencing Fenced, Gate
Accessibility Accessible Approach with Ramp
Appliances Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
Lot features Level, Steep Slope
View Valley, Hills
Elementary school district Park County District #6
Middle school district Park County District #6
High school district Park County District #6
Subdivision Cody - South Fork - Upper
Standard status Active
Lot size 50.89 Acres

Taxes and HOA fees

Tax Description 50.89 AC. DES. AS: LOT 42-O 41.45 AC. & A 9.44 AC. PARC. IN LOT 2 SEC. 32 T52 R102
Legal Description 50.89 AC. DES. AS: LOT 42-O 41.45 AC. & A 9.44 AC. PARC. IN LOT 2 SEC. 32 T52 R102

Utilities

Sewer type Septic Tank
Heating system Forced Air, Electric (Heating)
Water source Public

Amenities

guest house
irrigation system
garage

Building Details

Year built 2018
Number of units 3
Flooring type Linoleum, Laminate, Combination, Carpet
Additional Structures Outbuilding
Listing Agency: American West Realty & Management
Listed By: Nathan Gesner · License #12599
Added: Jan 23 Changed: Sep 1 Last Checked: Sep 2 at 12:06AM
MLS# 10031971

Copyright © 2026 Northwest Wyoming 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.

This multifamily property includes three residences on 50.89 acres. Two single-level homes each provide four bedrooms, two full bathrooms, a primary suite with walk-in closet, laundry or mud room, pantry, and contemporary interior finishes. The third residence contains 718 square feet and includes an attached two-car garage. Property amenities include public water, septic service, natural gas to the property, fenced acreage, and RV, boat, or trailer parking.

The land includes 22 irrigated acres with pumps, hand-line irrigation, and dirt ditches. Multiple building sites, an outbuilding, horse-property features, and usable ground support a range of agricultural and residential configurations, subject to local approvals. The property is located at 407 Diamond Basin Rd in Cody, Wyoming, with mountain views and access to open acreage.

Key Highlights

  • Three residences across 50.89 acres
  • Two homes with four bedrooms and two full baths each
  • Third residence offers 718 square feet and an attached two‑car garage

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Pet Store Pet Store & Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 82414, WY

16,087
Population
8,337
Households
1.9
Avg Household Size
48
Median Age
39%
College-Educated
97%
High-School Grad
2,706.9 sq mi
ZIP Area
6
Density / Sq Mi
$74,069
Median Household Income
$36,608
Median Earnings
$1,036
Median Rent
$421,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Two single-level homes feature four bedrooms, two full baths, laundry areas, and primary suites with walk-in closets.
Where is this triplex located?
The property is located at 407 Diamond Basin Rd Cody, WY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three residences across 50.89 acres; Two homes with four bedrooms and two full baths each; Third residence offers 718 square feet and an attached two‑car garage
More about this property
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