Four-Unit
2412 Pattison Ave, Cheyenne, WY 82009
For Sale
$575,000
Pending
Four two-bedroom units feature laundry hookups, carpet and LVP flooring, off-street parking, and a utility shed.
Property Size3,368 SF
Days on Market57
Property Features for 2412 Pattison Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
laundry hookups
Building Details
Year Built
Listing Agency:
#1 Properties
Listed By:
Roy Howell · License #109
(307) 631-8880
Source:
Karihappoldrealestate
Added: Sep 11
Changed: Oct 26
Last Checked: Nov 1 at 2:42AM
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
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Investment Insights
Based on property information with market context.
This 3,368-square-foot quadplex contains four two-bedroom units and was built in 1973. The property includes carpet and LVP flooring, laundry hookups, off-street parking, exterior paint, and landscaped grounds. A landlord utility shed is also included.
Located at 2412 Pattison Ave in Cheyenne, Wyoming, the property combines four similarly configured units within one multifamily asset. The unit layout and on-site features provide a straightforward physical configuration for review.
Located at 2412 Pattison Ave in Cheyenne, Wyoming, the property combines four similarly configured units within one multifamily asset. The unit layout and on-site features provide a straightforward physical configuration for review.
Key Highlights
- Four two‑bedroom units in a quadplex configuration
- 3,368 square feet; built in 1973
- Laundry hookups in the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,221
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,420
$684.4K
Cap Rate 7%
$488,871
$488.9K
Cap Rate 9%
$380,233
$380.2K
Market Conditions
NOI Build-Up for 3,368 SF
Gross rent
$51.7K $15.36/SF
− Vacancy
−$2.8K −$0.84/SF
EGI
$48.9K $14.52/SF
− OpEx
−$14.7K −$4.35/SF
NOI
$34.2K $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%
$684,420
Cap Rate 7%
$488,871
Cap Rate 9%
$380,233
Alternative Uses
Best Use
Multifamily LT 5
$488.9K
$427.8K – $570.4K
NOI $34,221 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$441.1K
$386.0K – $514.6K
NOI $30,878 @ 7.0% cap · market cap 5.37%
Theoretical Best
Retail
$551.9K
$482.9K – $643.9K
NOI $38,633 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
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Business Placement
Demographics for 82009, WY
35,700
Population
15,361
Households
2.3
Avg Household Size
44
Median Age
41%
College-Educated
96%
High-School Grad
1,277.8 sq mi
ZIP Area
28
Density / Sq Mi
$102,727
Median Household Income
$57,157
Median Earnings
$1,106
Median Rent
$415,000
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units feature laundry hookups, carpet and LVP flooring, off-street parking, and a utility shed.
Where is this quadplex located?
The property is located at 2412 Pattison Ave Cheyenne, WY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four two‑bedroom units in a quadplex configuration; 3,368 square feet; built in 1973; Laundry hookups in the units
