All-Brick Four-Plex with Detached
New
For Sale
$629,000
1823 FREMONT AVE, Cheyenne, WY 82001
MULTI_FAMILY - Cheyenne, WY
Property Size3,640 SF
Lot Size0.18 Acres
Price / SF$172.80
Days on Market3
Property Features for 1823 FREMONT AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1
Interior features
Window Covering
Exterior features
Lawn Sprinklers, Fence, Landscaped
Fencing
Fenced
Appliances
Range/Oven, Refrigerator
Subdivision
MOUNTVIEW PARK
Standard status
Active
Size
3,640 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MOUNTVIEW PARK: S 18' LOT 15, N 52' LOT 16, BLOCK
Tax Annual Amount
3245
Legal Description
MOUNTVIEW PARK: S 18' LOT 15, N 52' LOT 16, BLOCK
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
secured front and rear entrances
on-site laundry
block-fenced backyard
detached garage
Building Details
Year built
1954
Floors in Building
1
Number of units
4
Building materials
Block, Brick
Roof type
Membrane
Architectural style
Other
Listing Agency:
Century 21 Bell Real Estate · Century 21 Real Estate
(307) 635-0336
Listed By:
Tracy Wilson · License #RE-14788
(307) 630-8686
Added: Jul 31
Last Checked: Aug 2 at 12:06AM
MLS# 101606
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.
All-brick four-plex featuring a block construction and brick exterior, with forced air heating and natural gas. The property includes secured front and rear entrances, on-site laundry, and a block-fenced backyard with lawn sprinklers and landscaped grounds. A detached garage provides additional rental income or storage. Units include window coverings, range/oven and refrigerator appliances.
Built in 1954, the property sits on a 0.18-acre lot with a total building size of 3,640 square feet. Public water services the property, and the roof is membrane.
The floor plan includes multiple bedrooms and bathrooms across the four units, with updates described as new carpet, fresh paint, and mechanical improvements completed between tenants.
Built in 1954, the property sits on a 0.18-acre lot with a total building size of 3,640 square feet. Public water services the property, and the roof is membrane.
The floor plan includes multiple bedrooms and bathrooms across the four units, with updates described as new carpet, fresh paint, and mechanical improvements completed between tenants.
Key Highlights
- All‑brick 4‑plex with secured front and rear entrances
- On‑site laundry for resident convenience
- Detached garage for additional rental income or storage
Financial Insights For Multifamily LT 5
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 | $55.9k | $15.36 |
| − Vacancy | −$3.1k | −$0.84 |
| EGI | $52.8k | $14.52 |
| − OpEx | −$15.9k | −$4.35 |
| NOI | $37.0k | $10.16 |
3,640 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$528.4K
$462.3K – $616.4K
NOI $36,985 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$476.7K
$417.2K – $556.2K
NOI $33,372 @ 7.0% cap · market cap 5.31%
Theoretical Best
Retail
$596.5K
$521.9K – $695.9K
NOI $41,753 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
799
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - All-brick four-plex with secured front and rear entrances, on-site laundry, and a detached garage on a fenced lot.
Where is this quadplex located?
The property is located at 1823 FREMONT AVE Cheyenne, WY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: All‑brick 4‑plex with secured front and rear entrances; On‑site laundry for resident convenience; Detached garage for additional rental income or storage
