1621 EVANS AVE Cheyenne, WY 82001
MULTI_FAMILY - Cheyenne, WY
Property Features for 1621 EVANS AVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Patio and Porch features
- Patio
- Interior features
- Cable Access, Carpeted, Window Covering
- Exterior features
- Patio
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 4,203 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CHEYENNE: NORTH 52' OF WEST 21' LOT 3, NORTH 52' L
- Tax Annual Amount
- 1900
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1917
- Floors in Building
- 2
- Number of units
- 10
- Building materials
- Block, Frame, Stucco
- Roof type
- Composition
- Architectural style
- Other
Listing agent Kari Farley (307) 630-5679
Listing office #1 Properties 6106 Yellowstone Rd, Cheyenne, WY (307) 634-2222
Listing date Jun 29, 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.
Investment Insights
Based on property information with market context.
The building is located at 1621 Evans Ave in Cheyenne, Wyoming 82001, within Laramie County. Prospective buyers and brokers should coordinate directly with the listing agent to schedule a tour, as access is appointment-based.
For buyers seeking a small multifamily asset with a mix of studio and 1-bedroom layouts, this property provides a straightforward unit count and unit mix within one building. Its configuration may appeal to tenants looking for efficient studio living or additional space of a one-bedroom floor plan. Interested parties should review the unit details during an appointment to confirm current leasing status and fit for their investment or ownership strategy.
Key Highlights
- 10‑unit property with a mix of 1‑bedroom units and studios
- Built in 1917
- Natural gas forced‑air heating
Local 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 | $73.1k | $17.40 |
| − Vacancy | −$3.1k | −$0.73 |
| EGI | $70.1k | $16.67 |
| − OpEx | −$31.5k | −$7.50 |
| NOI | $38.5k | $9.17 |
