Three-Residence Multifamily Compound with Irrigated
For Sale
$1,500,000
407 Diamond Basin Rd, Cody, WY 82414
Residential Income, Cody, WY
Property SizeContact for details
Lot Size50.89 Acres
Days on Market210
Property Features for 407 Diamond Basin Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Deck
Interior features
Breakfast Bar, Ceiling Fan(s), Garage Door Opener, Handicap Access, Mud Room, Pantry, Walk-in Closet(s)
Exterior features
Acreage Fenced, Dirt Ditches, Hand Line, Horse Property, Irrigated, Natural Gas to Property, Outbuilding(s), Production Ground, Rain Gutter, RV/Boat/Trailer Parking, Private Entrance
Fencing
Gate, Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
Lot features
Level, Steep Slope
View
Hills, Valley
Elementary school district
Park County District #6
Middle school district
Park County District #6
High school district
Park County District #6
Subdivision
Cody - South Fork - Upper
Standard status
Active
Lot size
50.89 Acres
Taxes and HOA fees
Tax Description
50.89 AC. DES. AS: LOT 42-O 41.45 AC. & A 9.44 AC. PARC. IN LOT 2 SEC. 32 T52 R102
Legal Description
50.89 AC. DES. AS: LOT 42-O 41.45 AC. & A 9.44 AC. PARC. IN LOT 2 SEC. 32 T52 R102
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
2018
Number of units
3
Flooring type
Linoleum, Laminate, Combination, Carpet
Additional Structures
Outbuilding
Listing Agency:
American West Realty & Management
(307) 587-9608
Listed By:
Nathan Gesner · License #12599
(307) 587-9608
Added: Jan 23
Changed: Aug 20
Last Checked: Aug 21 at 8:06PM
MLS# 10031971
Copyright © 2026 Northwest Wyoming Board of Realtors. 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.
Set up for a multi-dwelling compound, this 50.89-acre property includes three residences plus multiple potential build sites with panoramic mountain views. Two modern single-level homes feature primary suites with full bathrooms and walk-in closets, three additional bedrooms, a second full bath, and a laundry/mud room, with contemporary finishes and efficient layouts. The third, original residence provides 718 square feet of living space and an attached two-car garage, suited for a guest house, caretaker residence, or rental unit.
The land is supported by 22 irrigated acres, pumps, and watering infrastructure, making it well matched for horses, livestock, and hobby farming. Exterior features include fenced areas with gates, production ground, dirt ditches, outbuilding(s), RV/boat/trailer parking, and natural gas to the property. Accessibility features include an accessible approach with a ramp.
Utilities include public water and a septic tank, with electric forced-air heating reported for the residences.
The land is supported by 22 irrigated acres, pumps, and watering infrastructure, making it well matched for horses, livestock, and hobby farming. Exterior features include fenced areas with gates, production ground, dirt ditches, outbuilding(s), RV/boat/trailer parking, and natural gas to the property. Accessibility features include an accessible approach with a ramp.
Utilities include public water and a septic tank, with electric forced-air heating reported for the residences.
Key Highlights
- 50.89‑acre property with three residences and multiple build sites
- 22 irrigated acres with pumps and watering infrastructure
- Two modern single‑level homes with primary suite, walk‑in closet, and full bathroom
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 82414, WY
16,087
Population
8,337
Households
1.9
Avg Household Size
48
Median Age
39%
College-Educated
97%
High-School Grad
2,706.9 sq mi
ZIP Area
6
Density / Sq Mi
$74,069
Median Household Income
$36,608
Median Earnings
$1,036
Median Rent
$421,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-dwelling compound on irrigated acreage with three residences, multiple build sites, outbuildings, and horse-friendly infrastructure.
Where is this multifamily property located?
The property is located at 407 Diamond Basin Rd Cody, WY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 50.89‑acre property with three residences and multiple build sites; 22 irrigated acres with pumps and watering infrastructure; Two modern single‑level homes with primary suite, walk‑in closet, and full bathroom
