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    Triplex with Fenced Yard Title is generated by Realmo AI

    1008 E 23RD ST, Cheyenne, WY 82001

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    Claim this Listing
    For Sale
    $387,000

    MULTI_FAMILY - Cheyenne, WY

    Property size:
    2,861 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $135/SF
    Added:
    Apr 3, 2026
    Days on Market:
    80
    Last Refresh:
    Jun 21 at 7:06 pm

    Property Features for 1008 E 23RD ST

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
    Patio and Porch features
    Deck
    Interior features
    Cable Access, Carpeted
    Exterior features
    Deck, Fence, Landscaped, Storage
    Fencing
    Fenced
    Appliances
    Range/Oven, Refrigerator
    Standard status
    Active
    Size
    2,861 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    East 5' Lot 5, West 38' Lot 6, Block 180
    Tax Annual Amount
    1683

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1919
    Number of units
    3
    Building materials
    Frame
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Allee Williamson

    Listing agent Allee Williamson

    Listing office RE/MAX Capitol Properties 4000 Central Ave., Cheyenne, WY

    Listing date Apr 3, 2026

    MLS# 100320 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.

    HighLights

    • Tri‑plex in Cheyenne built in 1919 with public water and forced‑air natural gas heat
    • Main‑level Unit 1: 2BR/1BA with hardwood floors, updated bathroom, and formal dining room
    • Unit 2 (basement): 1BR/1BA with convenient access to the common laundry area
    • Unit 3: 1BR/1BA with a 1‑car attached garage and one off‑street parking space
    • Exterior includes a deck, fenced yard, landscaped grounds, and a storage shed
    • Includes composition roof and appliances such as a range/oven and refrigerator

    Overview

    This for-sale triplex includes three separate residential units. Unit 1 is on the main level and features 2 bedrooms and 1 bathroom, with hardwood floors, an updated bathroom, a kitchen with a coffee bar, a formal dining room, and a sunroom with south-facing windows. Unit 2 is located in the basement with 1 bedroom and 1 bathroom, positioned just outside the common laundry area for day-to-day convenience. Unit 3 offers 1 bedroom and 1 bathroom and includes a 1-car attached garage in back.

    The property has one off-street parking space and includes a fenced yard and a storage shed. Lot size is listed at 0.13 acres. The building totals 2,861 square feet.

    With three independently configured units and on-site laundry access shared by Unit 2, the layout can suit an owner-occupant looking to live in one unit while renting the others, or a buyer seeking a small income property. Appointments are available to view the interiors and confirm finishes and functionality for each unit.

    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 $43.9k $15.36
    − Vacancy −$2.4k −$0.84
    EGI $41.5k $14.52
    − OpEx −$12.5k −$4.35
    NOI $29.1k $10.16
    2,861 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $415.3K
    $363.4K – $484.5K (±1% cap)
    NOI $29,070 @ 7.0% cap · market cap 7.51%
    Second Best
    Apartment 5plus
    $374.7K
    $327.9K – $437.2K (±1% cap)
    NOI $26,230 @ 7.0% cap · market cap 6.78%
    Theoretical Best
    Retail
    $468.8K
    $410.2K – $547.0K (±1% cap)
    NOI $32,817 @ 7.0% cap · market cap 8.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.807871
    Latitude
    41.143465

    FAQs

    What type of property is this?
    Triplex - Triplex offering three rental units, including a main-level 2BR and two 1BRs, plus off-street parking and yard space.
    Where is this triplex located?
    The property is located at 1008 E 23RD ST Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $387,000.
    What are key features of this property?
    This property features: Tri‑plex in Cheyenne built in 1919 with public water and forced‑air natural gas heat; Main‑level Unit 1: 2BR/1BA with hardwood floors, updated bathroom, and formal dining room; Unit 2 (basement): 1BR/1BA with convenient access to the common laundry area
    More about this property
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