Updated Two-Unit
For Sale
$435,000
2215 E 17th St, Cheyenne, WY 82001
A two-bedroom upper residence and a one-bedroom lower unit offer distinct living areas within the same property.
Property Size1,938 SF
Price / SF$224.46
Days on Market40
Property Features for 2215 E 17th St
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
shared laundry
large storage shed
spacious backyard
Building Details
Building Size
1,938 SF
Year Built
1917
Buildings
1
Stories
1
Units
2
Listing Agency:
Coldwell Banker, The Property Exchange
(307) 632-6481
Listed By:
Ben Trautwein · License #11590
(307) 286-7112
Source:
Frontierhomeandranch
Added: Sep 17
Changed: Oct 25
Last Checked: Oct 26 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker, The Property Exchange
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Investment Insights
Based on property information with market context.
This duplex contains two residences across 1,938 square feet. The upper unit has two bedrooms, two bathrooms, an updated kitchen with granite countertops, and a fireplace. The basement residence includes one bedroom, one bathroom, granite countertops, and a large living area. Shared laundry serves both units, while a storage shed and backyard provide additional outdoor and storage space.
Built in 1917, the property is at 2215 E 17th St in Cheyenne, Wyoming. Its two-unit configuration includes a larger upper residence and a separate lower unit.
Built in 1917, the property is at 2215 E 17th St in Cheyenne, Wyoming. Its two-unit configuration includes a larger upper residence and a separate lower unit.
Key Highlights
- Two‑unit duplex with 1,938 square feet
- Upper unit has 2 bedrooms, 2 bathrooms, granite kitchen countertops, and a fireplace
- Basement unit includes 1 bedroom, 1 bathroom, and a large living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,691
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,820
$393.8K
Cap Rate 7%
$281,300
$281.3K
Cap Rate 9%
$218,789
$218.8K
Market Conditions
NOI Build-Up for 1,938 SF
Gross rent
$29.8K $15.36/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$28.1K $14.52/SF
− OpEx
−$8.4K −$4.35/SF
NOI
$19.7K $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%
$393,820
Cap Rate 7%
$281,300
Cap Rate 9%
$218,789
Alternative Uses
Best Use
Multifamily LT 5
$281.3K
$246.1K – $328.2K
NOI $19,691 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$253.8K
$222.1K – $296.1K
NOI $17,768 @ 7.0% cap · market cap 4.08%
Theoretical Best
Retail
$317.6K
$277.9K – $370.5K
NOI $22,230 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A two-bedroom upper residence and a one-bedroom lower unit offer distinct living areas within the same property.
Where is this duplex located?
The property is located at 2215 E 17th St Cheyenne, WY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,938 square feet; Upper unit has 2 bedrooms, 2 bathrooms, granite kitchen countertops, and a fireplace; Basement unit includes 1 bedroom, 1 bathroom, and a large living area
