Duplex with RV
New
For Sale
$235,000
2221 E Pershing Blvd, Cheyenne, WY 82001
Two separate living spaces are complemented by a carport, garage, workshop, and fenced outdoor area.
Property Size1,422 SF
Price / SF$165.26
Days on Market2
Property Features for 2221 E Pershing Blvd
General Information
Standard status
Active
Size
1,422 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
add value through renovations
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/3/4BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
hardwood flooring
fenced yard
workshop/shed
Building Details
Year Built
1941
Buildings
1
Listing Agency:
#1 Properties
Listed By:
Katherine Fender · License #1784
(307) 275-4975
Source:
Karihappoldrealestate
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:36AM
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 #1 Properties
Investment Insights
Based on property information with market context.
This duplex contains two residences: an upper unit with two bedrooms, one bathroom, and hardwood flooring in part of the home, plus a lower unit with one bedroom and a three-quarter bathroom. The furnace was installed two years ago. A ramp serves the front and side entrances and may remain or be removed.
Parking and storage features include a two-car carport, a one-car garage with a concrete floor and electricity, and a separate workshop or shed. Alley access and dedicated RV parking with a 220V electrical hookup add further utility. The upper residence has a fenced yard.
Parking and storage features include a two-car carport, a one-car garage with a concrete floor and electricity, and a separate workshop or shed. Alley access and dedicated RV parking with a 220V electrical hookup add further utility. The upper residence has a fenced yard.
Key Highlights
- Two residences: upper unit has 2 bedrooms and 1 bathroom; lower unit has 1 bedroom and a 3/4 bathroom
- Furnace is 2 years old
- Two‑car carport and one‑car garage with concrete floor and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,448
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,960
$289.0K
Cap Rate 7%
$206,400
$206.4K
Cap Rate 9%
$160,533
$160.5K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$21.8K $15.36/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$20.6K $14.52/SF
− OpEx
−$6.2K −$4.35/SF
NOI
$14.4K $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%
$288,960
Cap Rate 7%
$206,400
Cap Rate 9%
$160,533
Alternative Uses
Best Use
Multifamily LT 5
$206.4K
$180.6K – $240.8K
NOI $14,448 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$186.2K
$163.0K – $217.3K
NOI $13,037 @ 7.0% cap · market cap 5.55%
Theoretical Best
Retail
$233.0K
$203.9K – $271.9K
NOI $16,311 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
729
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?
Duplex - Two separate living spaces are complemented by a carport, garage, workshop, and fenced outdoor area.
Where is this duplex located?
The property is located at 2221 E Pershing Blvd Cheyenne, WY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two residences: upper unit has 2 bedrooms and 1 bathroom; lower unit has 1 bedroom and a 3/4 bathroom; Furnace is 2 years old; Two‑car carport and one‑car garage with concrete floor and electricity
