5-Unit Twin Home Apartment
For Sale
$2,249,995
1420-1432 BIG MEADOW DR, Cheyenne, WY 82009
MULTI_FAMILY - Cheyenne, WY
Property Size11,900 SF
Lot Size0.62 Acres
Price / SF$189.08
Days on Market36
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 3, Bathroom 7, Bedroom 9, Bedroom 2, Bedroom 12, Bedroom 8, Bedroom 11, Bedroom 4, Bathroom 5, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 7, Bedroom 3, Bathroom 9, Bathroom 12, Bathroom 1, Bathroom 10, Bedroom 10, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 8, Bathroom 11
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 · License #12697
(307) 214-6009
Added: Jul 2
Changed: Aug 2
Last Checked: Aug 6 at 12:06AM
MLS# 101313
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.
This under-construction 2025 apartment building offers five twin home units. Each unit is described as having large bedrooms, three bedrooms and 2.5 bathrooms, and a two-car garage. The property uses frame construction with forced air heating fueled by natural gas, and a composition roof.
Outside, the site includes landscaped areas and lawn sprinklers. Public water is listed as the water source. The property sits on a 0.62-acre lot and is reported at 11,900 square feet.
In-unit appliances listed include a dishwasher, disposal, microwave, range/oven, and refrigerator.
Outside, the site includes landscaped areas and lawn sprinklers. Public water is listed as the water source. The property sits on a 0.62-acre lot and is reported at 11,900 square feet.
In-unit appliances listed include a dishwasher, disposal, microwave, range/oven, and refrigerator.
Key Highlights
- Five twin home units, each described as three bedrooms and 2.5 bathrooms with a two‑car garage
- Under construction; year built 2025
- 0.62‑acre lot
Financial Insights For Apartment 5plus
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 | $207.1k | $17.40 |
| − Vacancy | −$8.7k | −$0.73 |
| EGI | $198.4k | $16.67 |
| − OpEx | −$89.3k | −$7.50 |
| NOI | $109.1k | $9.17 |
11,900 SF · lease $17.40/SF/yr · vacancy 4.20% · expense 45.00%
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.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Under construction 2025 apartment building with five twin home units and public water service.
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, each described as three bedrooms and 2.5 bathrooms with a two‑car garage; Under construction; year built 2025; 0.62‑acre lot
