100 E 28TH ST, Cheyenne, WY 82001
Flexible multi-dwelling setup with a converted carriage house and existing monthly income potential in a mixed-use zone.
- Added:
- Jun 10, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 20 at 9:33 am
Property Features for 100 E 28TH ST
General Information
- Standard status
- Active
- Size
- 3,362 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1921
Listing agent Mariah Jeffery License #WY, RE-16311
Listing office Coldwell Banker | The Property Exchange (307) 316-2239
Listing date Jun 10, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker | The Property Exchange
HighLights
- Year built 1921 with a flexible multi‑dwelling layout and mixed‑use potential.
- Generates $3,100/month with the main 3/2 unit currently owner‑occupied.
- Detached garage converted into a private carriage house for additional living or rental use.
- One unit is a newly launched Airbnb.
- Operates at about a 9% cap rate when the owner‑occupied unit is rented.
- Zoned Mixed‑Use Business (MUB) with walkable‑district setting and direct views of the Capital Building.
Overview
The property is zoned Mixed-Use Business (MUB). Public remarks note direct views of the Capital Building and describe the surrounding area as highly walkable, which can support tenants looking for an in-town setting and convenient access.
For investors or owner-operators, the mixed-use zoning and multi-dwelling configuration offer a straightforward path to tailor occupancy over time. Since one unit is already operating as an Airbnb and the property is described as operating around a 9% cap rate when the owner-occupied unit is rented, buyers may view the asset as an income-focused opportunity with options for adjusting unit mix, including residential rentals, live/work use, or professional office space consistent with the MUB zoning.
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 | $51.6k | $15.36 |
| − Vacancy | −$2.8k | −$0.84 |
| EGI | $48.8k | $14.52 |
| − OpEx | −$14.6k | −$4.35 |
| NOI | $34.2k | $10.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.8210148
- Latitude
- 41.1440236
