1008 E 23RD ST Cheyenne, WY 82001
MULTI_FAMILY - Cheyenne, WY
Property Features for 1008 E 23RD ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2
- Patio and Porch features
- Deck
- Interior features
- Cable Access, Window Covering
- 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
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1919
- Number of units
- 3
- Building materials
- Frame
- Roof type
- Composition
- Additional Structures
- Storage
Listing agent Allee Williamson (307) 631-1654
Listing office RE/MAX Capitol Properties 4000 Central Ave., Cheyenne, WY (307) 635-0303
Listing date Jul 10, 2026
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.
Investment Insights
Based on property information with market context.
Located at 1008 E 23rd St in Cheyenne, the property is described as being centrally located, across the street from Poder Academy, and close to a hospital and Warren Air Force Base.
With multiple units under one roof, the layout supports a variety of owner-occupant and investor configurations based on how the units are occupied.
Key Highlights
- 1919‑built frame tri‑plex with 3 separate units in Cheyenne
- Unit 1 offers 2 bedrooms and 1 bathroom on the main level with hardwood floors and an updated bathroom
- Unit 2 is a basement 1‑bedroom apartment positioned just outside the common laundry room
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 |
