Four-Unit
For Sale
$575,000
Pending
2412 Pattison Ave, Cheyenne, WY 82009
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
Pending
Size
3,368 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Amenities
laundry hookups
Building Details
Year Built
1973
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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Open Analytics
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
