4-Unit Multifamily
1424-1432 BIG MEADOW DR, Cheyenne, WY 82009
For Sale
New
$1,720,000
Multi-Family, 2 STORY, Cheyenne, WY
Property Size11,900 SF
Lot Size0.62 Acres
Price / SF$144.54
Days on Market2
Property Features for 1424-1432 BIG MEADOW DR
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Exterior features
Appliances
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Dave Coleman · License WY #1429
(307) 214-6009
Added: Nov 13
Last Checked: Nov 14 at 12:06AM
MLS# 102632
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.
Ask AI about this property
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 comprises four twin-home residences, totaling 11,900 square feet on a 0.62-acre parcel. Each unit is configured with three bedrooms, two-and-a-half bathrooms, and a two-car garage. The property is under construction, with 2025 listed as the year built.
The residences are available together or individually.
The residences are available together or individually.
Key Highlights
- Four twin‑home units, offered as a package or individually
- 11,900 square feet across four residences
- Each unit includes 3 bedrooms, 2.5 baths, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,100
Cap Rate
6.34%
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 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.95M
$1.71M – $2.28M
NOI $136,500 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
42
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
$415,000
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Cheyenne, WY
Properties on Market for Multifamily properties in Cheyenne
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has three bedrooms, two-and-a-half baths, and a two-car garage.
Where is this multifamily property located?
The property is located at 1424-1432 BIG MEADOW DR Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: Four twin‑home units, offered as a package or individually; 11,900 square feet across four residences; Each unit includes 3 bedrooms, 2.5 baths, and a 2‑car garage
