Apartment Buildings Under
For Sale
$2,249,995
1420-1432 BIG MEADOW DR, Cheyenne, WY 82009
Multi-Family, 2 STORY, Cheyenne, WY
Property Size11,900 SF
Lot Size0.62 Acres
Price / SF$189.08
Days on Market117
Property Features for 1420-1432 BIG MEADOW DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
12
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 8, Bathroom 12, Bathroom 5, Bathroom 10, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 1, Bedroom 8, Bathroom 11, Bathroom 1, Bedroom 2, Bedroom 12, Bedroom 10, Bedroom 6, Bedroom 3, Bedroom 11, Bathroom 7, Bathroom 3, Bathroom 9, Bedroom 7, Bedroom 4, Bedroom 9
Exterior features
Lawn Sprinklers, Landscaped
Appliances
Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
Subdivision
ROCKING A AT SWEETGRASS
Standard status
Active
Size
11,900 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
As per County Records
Legal Description
As per County Records
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
2025
Floors in Building
2
Number of units
5
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Dave Coleman
(307) 214-6009
Added: Jul 2
Changed: Oct 25
Last Checked: Oct 26 at 4:06PM
MLS# 101313
Copyright © 2026 Cheyenne MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property encompasses 11,900 square feet on 0.62 acres and is under construction, with completion identified for 2025. The offering includes five twin-home units that may be acquired together or separately. Each residence is described with three bedrooms, two and a half bathrooms, and a two-car garage. Interior features include a kitchen package with a dishwasher, disposal, microwave, range/oven, and refrigerator.
The property is located at 1420-1432 Big Meadow Drive in Cheyenne, Wyoming, within ZIP Code 82009. Site improvements include landscaping and lawn sprinklers, while public water, composition roofing, frame construction, and natural-gas forced-air heat are specified. The residences are presented as quality-construction multifamily housing with large bedrooms.
The property is located at 1420-1432 Big Meadow Drive in Cheyenne, Wyoming, within ZIP Code 82009. Site improvements include landscaping and lawn sprinklers, while public water, composition roofing, frame construction, and natural-gas forced-air heat are specified. The residences are presented as quality-construction multifamily housing with large bedrooms.
Key Highlights
- Five twin‑home units offered as a package or individually
- 11,900 square feet on 0.62 acres
- Under construction with a 2025 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,100
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,182,000
$2.2M
Cap Rate 7%
$1,558,571
$1.6M
Cap Rate 9%
$1,212,222
$1.2M
Market Conditions
NOI Build-Up for 11,900 SF
Gross rent
$207.1K $17.40/SF
− Vacancy
−$8.7K −$0.73/SF
EGI
$198.4K $16.67/SF
− OpEx
−$89.3K −$7.50/SF
NOI
$109.1K $9.17/SF
Area
Laramie County, WY
Vacancy
4.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,182,000
Cap Rate 7%
$1,558,571
Cap Rate 9%
$1,212,222
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $109,100 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.95M
$1.71M – $2.28M
NOI $136,500 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 82009, WY
35,700
Population
15,361
Households
2.3
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
1,277.8 sq mi
ZIP Area
28
Density / Sq Mi
$102,727
Median Household Income
$57,157
Median Earnings
$1,106
Median Rent
$415,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Planned multifamily improvements feature spacious layouts, private garages, landscaped grounds, and natural-gas forced-air heating.
Where is this apartment building located?
The property is located at 1420-1432 BIG MEADOW DR Cheyenne, WY.
What is the asking price?
The asking price for this property is $2,249,995.
What are key features of this property?
This property features: Five twin‑home units offered as a package or individually; 11,900 square feet on 0.62 acres; Under construction with a 2025 year built
