4-Unit Apartment
New
For Sale
$620,000
402 MILLER LN, Cheyenne, WY 82009
Multi-Family, BI-LEVEL, Cheyenne, WY
Property Size3,952 SF
Lot Size0.05 Acres
Price / SF$156.88
Days on Market2
Property Features for 402 MILLER LN
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1
Interior features
Fire Place
Appliances
Dishwasher, Range/Oven, Refrigerator
Subdivision
REGENCY SQUARE
Standard status
Active
Size
3,952 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
REGENCY SQUARE: LOT 8
Tax Annual Amount
3234
Legal Description
REGENCY SQUARE: LOT 8
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
washer/dryer
fireplace
off-street parking
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Kuzma Success Realty
(307) 638-8660
Listed By:
Barbara Kuzma · License #WY633
(307) 630-1070
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 11:06PM
MLS# 102387
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.
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Investment Insights
Based on property information with market context.
This 3,952-square-foot, 1980-built apartment property contains four units, each configured with two bedrooms and one bathroom. All four units are rented. Each residence has a fireplace, washer and dryer, and off-street parking. Two units have received recent updates, and the building has newer vinyl windows.
Frame construction, electric heating, a composition roof, and public water serve the property. Listed appliances include dishwashers, ranges/ovens, and refrigerators. The site contains 0.05 acres in Cheyenne, Wyoming.
Frame construction, electric heating, a composition roof, and public water serve the property. Listed appliances include dishwashers, ranges/ovens, and refrigerators. The site contains 0.05 acres in Cheyenne, Wyoming.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,952 square feet on a 0.05‑acre site
- All four units are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,155
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,100
$803.1K
Cap Rate 7%
$573,643
$573.6K
Cap Rate 9%
$446,167
$446.2K
Market Conditions
NOI Build-Up for 3,952 SF
Gross rent
$60.7K $15.36/SF
− Vacancy
−$3.3K −$0.84/SF
EGI
$57.4K $14.52/SF
− OpEx
−$17.2K −$4.35/SF
NOI
$40.2K $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%
$803,100
Cap Rate 7%
$573,643
Cap Rate 9%
$446,167
Alternative Uses
Best Use
Multifamily LT 5
$573.6K
$501.9K – $669.3K
NOI $40,155 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$517.6K
$452.9K – $603.9K
NOI $36,232 @ 7.0% cap · market cap 5.84%
Theoretical Best
Retail
$647.6K
$566.7K – $755.5K
NOI $45,332 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
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 residences include individual fireplaces, washers, dryers, and off-street parking.
Where is this quadplex located?
The property is located at 402 MILLER LN Cheyenne, WY.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,952 square feet on a 0.05‑acre site; All four units are rented
