Quadplex with Detached
New
For Sale
$529,000
1815 LILAC CT, Cheyenne, WY 82001
Multi-Family, APARTMENT BUILDING, Cheyenne, WY
Property Size3,870 SF
Lot Size0.63 Acres
Price / SF$136.69
Days on Market2
Property Features for 1815 LILAC CT
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 8, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 5
Patio and Porch features
Patio
Exterior features
Patio
Appliances
Dishwasher, Range/Oven, Refrigerator
Subdivision
MOUNTVIEW PARK
Standard status
Active
Size
3,870 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Description
MOUNTVIEW PARK: LOTS 16 & 17, BLOCK 16
Tax Annual Amount
3682
Legal Description
MOUNTVIEW PARK: LOTS 16 & 17, BLOCK 16
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1917
Number of units
4
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Teri Cassidy · License #13316
(404) 783-5555
Added: Oct 9
Last Checked: Oct 10 at 11:06AM
MLS# 102348
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.
Investment Insights
Based on property information with market context.
This 3,870-square-foot quadplex in Cheyenne contains four units: two with one bedroom and one bathroom, one with three bedrooms and one bathroom, and one with three bedrooms and two bathrooms. The property has a 0.63-acre lot and a detached garage with capacity for 2+ cars. Steel siding and a 2026 composition roof complement interior updates that include LVP flooring and improvements to the kitchens and bathrooms.
Built in 1917, the frame building has forced-air natural gas heat, public water, and a patio. Appliances include a dishwasher, range/oven, and refrigerator. Long-term tenants are in place.
Built in 1917, the frame building has forced-air natural gas heat, public water, and a patio. Appliances include a dishwasher, range/oven, and refrigerator. Long-term tenants are in place.
Key Highlights
- Four units with two 1‑bedroom/1‑bathroom layouts, one 3‑bedroom/1‑bathroom layout, and one 3‑bedroom/2‑bathroom layout
- 3,870 square feet on a 0.63‑acre lot
- Detached garage accommodates 2+ cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,322
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,440
$786.4K
Cap Rate 7%
$561,743
$561.7K
Cap Rate 9%
$436,911
$436.9K
Market Conditions
NOI Build-Up for 3,870 SF
Gross rent
$59.4K $15.36/SF
− Vacancy
−$3.3K −$0.84/SF
EGI
$56.2K $14.52/SF
− OpEx
−$16.9K −$4.35/SF
NOI
$39.3K $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 Rate 5%
$786,440
Cap Rate 7%
$561,743
Cap Rate 9%
$436,911
Alternative Uses
Best Use
Multifamily LT 5
$561.7K
$491.5K – $655.4K
NOI $39,322 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$506.9K
$443.5K – $591.3K
NOI $35,480 @ 7.0% cap · market cap 6.71%
Theoretical Best
Retail
$634.2K
$554.9K – $739.9K
NOI $44,391 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
637
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences include a mix of one- and three-bedroom layouts, with long-term tenants in place.
Where is this quadplex located?
The property is located at 1815 LILAC CT Cheyenne, WY.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four units with two 1‑bedroom/1‑bathroom layouts, one 3‑bedroom/1‑bathroom layout, and one 3‑bedroom/2‑bathroom layout; 3,870 square feet on a 0.63‑acre lot; Detached garage accommodates 2+ cars
