1216 TAFT AVE, Cheyenne, WY 82007
MULTI_FAMILY - Cheyenne, WY
- Added:
- Mar 15, 2026
- Days on Market:
- 83
- Last Refresh:
- Jun 5 at 4:06 am
Property Features for 1216 TAFT AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2
- Patio and Porch features
- Patio, Deck
- Interior features
- Carpeted
- Exterior features
- Deck, Patio, Lawn Sprinklers
- Appliances
- Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 3,632 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Taft Avenue Apartments: Lot 4 Block 1
- Tax Annual Amount
- 3605
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Allison Bailey (307) 640-9222
Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY (307) 634-2222
Listing date Mar 15, 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.
HighLights
- Four‑plex with four 2‑bedroom, 1‑bath units
- Property is fully rented, with individual laundry units for each unit
- Built in 2004 with brick construction and a composition roof
- Includes off‑street parking and outdoor deck/patio areas
- Water source: public
- Appliances include dishwasher, disposal, microwave, range/oven, and refrigerator
Overview
Located at 1216 Taft Ave in Cheyenne, Wyoming (Laramie County), the four units are arranged as a single income property, making it straightforward for an owner to manage one asset with multiple residences under the same roofline. The lot size is listed as 0.25 acres, providing a defined residential parcel for this compact multi-family configuration.
For buyers or investors seeking a residential income asset with multiple self-contained units, this fourplex layout can appeal to tenants who want in-unit laundry conveniences while also relying on an off-street parking option. Because the property is currently fully rented, it may be of interest to those looking for an existing occupied setup rather than a vacant renovation plan. All information presented here is based on the details provided in the listing remarks and property data.
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 | $55.8k | $15.36 |
| − Vacancy | −$3.1k | −$0.84 |
| EGI | $52.7k | $14.52 |
| − OpEx | −$15.8k | −$4.35 |
| NOI | $36.9k | $10.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.751629
- Latitude
- 41.137208
