Duplex Income
For Sale
$1,350,000
2545 E 9TH ST, Cheyenne, WY 82001
For sale duplex income property totaling 7,528 square feet in Cheyenne, Wyoming.
Property Size7,528 SF
Price / SF$179.33
Days on Market22
Property Features for 2545 E 9TH ST
General Information
Standard status
Active
Size
7,528 SF
Property subtype
Multi Family
Net Operating Income
$77,381
Taxes and HOA fees
Annual Taxes
$3,445
Building Details
Year Built
1969
Units
12
Listing Agency:
peak properties, LLC
(585) 427-0020
Listed By:
Corey Rang · License #5002
(585) 427-0020
Source:
Sellcheyenne.idxbroker
Added: Jul 20
Changed: Aug 8
Last Checked: Aug 10 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of peak properties, LLC
Investment Insights
Based on property information with market context.
This for-sale duplex income property totals 7,528 square feet and is listed under residential income, duplex, and multifamily property categories. The asset is offered at 2545 E 9TH ST, Cheyenne, WY 82001.
The listing information provided does not include unit breakdown, bedroom or bathroom counts, or interior upgrade details. Interested parties should inquire for additional specifics on the existing improvements and configuration to confirm suitability for their underwriting needs.
The listing information provided does not include unit breakdown, bedroom or bathroom counts, or interior upgrade details. Interested parties should inquire for additional specifics on the existing improvements and configuration to confirm suitability for their underwriting needs.
Key Highlights
- Duplex income property for sale in Cheyenne, Wyoming
- Total building size: 7,528 sq ft
- Year built: 1969
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$76,489
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,529,780
$1.5M
Cap Rate 7%
$1,092,700
$1.1M
Cap Rate 9%
$849,878
$849.9K
Market Conditions
NOI Build-Up for 7,528 SF
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.
Gross rent
$115.6K $15.36/SF
− Vacancy
−$6.4K −$0.84/SF
EGI
$109.3K $14.52/SF
− OpEx
−$32.8K −$4.35/SF
NOI
$76.5K $10.16/SF
Area
Laramie County, WY
Vacancy
5.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,529,780
Cap Rate 7%
$1,092,700
Cap Rate 9%
$849,878
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$956.1K – $1.27M
NOI $76,489 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$986.0K
$862.7K – $1.15M
NOI $69,017 @ 7.0% cap · market cap 5.11%
Theoretical Best
Retail
$1.23M
$1.08M – $1.44M
NOI $86,351 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 82001, WY
37,528
Population
17,977
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
55.1 sq mi
ZIP Area
681
Density / Sq Mi
$74,149
Median Household Income
$45,456
Median Earnings
$1,044
Median Rent
$291,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - For sale duplex income property totaling 7,528 square feet in Cheyenne, Wyoming.
Where is this duplex located?
The property is located at 2545 E 9TH ST Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Duplex income property for sale in Cheyenne, Wyoming; Total building size: 7,528 sq ft; Year built: 1969
