Duplex with RV
For Sale
$235,000
2221 E PERSHING BLVD, Cheyenne, WY 82001
Multi-Family, 1 STORY, Cheyenne, WY
Property Size1,422 SF
Lot Size0.14 Acres
Price / SF$165.26
Days on Market9
Property Features for 2221 E PERSHING BLVD
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Exterior features
Fence
Fencing
Fenced
Appliances
Range/Oven, Refrigerator
Subdivision
ARNOR ADD
Standard status
Active
Size
1,422 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
ARNOR SECOND ADDITION: LOT 2, BLOCK 1
Tax Annual Amount
844
Legal Description
ARNOR SECOND ADDITION: LOT 2, BLOCK 1
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1941
Floors in Building
1
Number of units
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Katherine Fender · License #13554
(307) 275-4975
Added: Oct 3
Changed: Oct 11
Last Checked: Oct 11 at 5:06PM
MLS# 102352
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.
Built in 1941, this 1,422-square-foot duplex contains two residences: an upper unit with 2 bedrooms and 1 bathroom, and a lower unit with 1 bedroom and a 3/4 bathroom. Hardwood flooring is present in portions of the upper unit. The property has a 0.14-acre lot and includes a range/oven and refrigerator. The furnace is 2 years old.
Parking and storage features include alley access, a 2-car carport, a 1-car garage with a concrete floor and electricity, and a workshop/shed. There is also RV parking with a 220V electrical hookup. The upper unit has a fenced yard, and a ramp provides access at the front and side of the home.
Parking and storage features include alley access, a 2-car carport, a 1-car garage with a concrete floor and electricity, and a workshop/shed. There is also RV parking with a 220V electrical hookup. The upper unit has a fenced yard, and a ramp provides access at the front and side of the home.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom upstairs, plus 1 bedroom and a 3/4 bathroom downstairs
- 1,422 square feet on a 0.14‑acre lot; built in 1941
- Furnace is 2 years old
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
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 - The two-unit layout pairs a two-bedroom upper residence with a one-bedroom lower residence.
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‑unit duplex with 2 bedrooms and 1 bathroom upstairs, plus 1 bedroom and a 3/4 bathroom downstairs; 1,422 square feet on a 0.14‑acre lot; built in 1941; Furnace is 2 years old
