511 W 6TH ST Cheyenne, WY 82007
New
- Added:
- May 1, 2026
- Days on Market:
- 2
- Last Refresh:
- May 2 at 3:06 am
Property Features for 511 W 6TH ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Parking features
- None
- Patio and Porch features
- Patio
- Interior features
- Window Covering
- Exterior features
- Patio
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 0
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1972
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Asphalt, Composition, None
- Architectural style
- Other
Listing agent Nikki Dishneau (970) 646-3013
Listing office eXp Realty, LLC 2617 E Lincolnway, Cheyenne, WY (866) 873-0565
Listing date May 1, 2026
MLS# 100645
Listing URL
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.
Overview
Income-Producing Fourplex Condominium Opportunity
This is a fully occupied, income-producing fourplex structured as four individually titled condominiums. All four leases run through August 31, 2026, providing predictable cash flow. At lease renewal (September 1, 2026), rents are projected to increase: unit 513 from $1,300 to $1,400, and units 515/517 from $1,100 to $1,250, bringing total projected gross income to $63,600 per year. The HOA (Stanfield Addition B3L1 Condominium Association) is $300 per month for 3BR units and $280 per month for the 2BR unit. The HOA covers building insurance, water, sewer, trash, reserve fund, and all exterior maintenance. The buyer becomes the sole board member of the association and has full control over dues and how they are spent. The seller has invested approximately $60,000 in improvements since the October 2024 purchase, including: two new furnaces and four AC coils (all units); full electrical upgrades by licensed electricians including 14 GFCIs, panel replacement, and exterior light fixtures; complete site regrading and French drain installation; new 4-bay concrete parking pad; smoke alarms, CO detectors, and fire extinguishers in all units; new bedroom window in unit 511; all exterior wall imperfections patched and sealed; and mailbox structure rebuilt. The property is located in Cheyenne, Wyoming, within Laramie County, and has a lot size of 0.28 acres. Rear vinyl siding on the 511/513 building to be replaced imminently by seller. Remaining siding replacement to be completed by end of 2026, funded entirely from the HOA reserve fund. Bank appraisal of $900,000. All governing documents (Declaration, Bylaws, Rules & Regulations) available upon request.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.81328
- Latitude
- 41.122154
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully occupied fourplex with guaranteed cash flow and potential rent increases.
Where is this quadplex located?
The property is located at 511 W 6TH ST Cheyenne, WY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four individually titled condominiums offer flexibility.; Guaranteed, predictable cash flow with all four leases running through August 31, 2026.; Projected rent increases at lease renewal (September 1, 2026) to $63,600/year gross income.
