Triplex with Month-to-Month
4202-4204 Cheyenne Street Cheyenne, WY 82001
4202-4204 Cheyenne Street, Cheyenne, WY, 82001
$429,000
For Sale
$429,000
Side-by-side duplex plus additional 3-bed/2-bath structure, currently fully rented with month-to-month leases.
Property Size3,170 SF
Lot Size1.00 Acre
Price / SF$135.33
Days on Market158
Property Features for 4202-4204 Cheyenne Street
General Information
- Standard status
- Active
- Size
- 3,170 SF
- Lot size
- 1.00 Acre
- Property subtype
- Multi-family / Tri-Plex
Building Details
- Year Built
- 1951
Listing agency
One West Real Estate
(307) 742-2099
Listed by
Cody Clements · License #12510
(307) 742-2099
Source
Compass
Added: Feb 14 Updated: Jul 22 at 4:00PM Checked: Jul 22 at 4:00PM
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 One West Real Estate
Investment Insights
Based on property information with market context.
This triplex investment includes a side-by-side duplex with two units, each offering 2 bedrooms and 1 bath, and each with its own fenced yard. A second structure on the property provides an additional 3-bedroom, 2-bath residence with a large master suite. The property is situated on a spacious 1-acre lot, offering room for future updates or enhancements while maintaining an operating rental setup.
The buildings are located just off the Pershing Blvd and College Drive intersection, providing convenient access to major roadways.
The property is currently fully rented, and all leases are month-to-month, giving a new owner flexibility while continuing to collect rental income.
The buildings are located just off the Pershing Blvd and College Drive intersection, providing convenient access to major roadways.
The property is currently fully rented, and all leases are month-to-month, giving a new owner flexibility while continuing to collect rental income.
Key Highlights
- 1‑acre lot with a triplex layout: side‑by‑side duplex plus an additional 3‑bed/2‑bath structure
- Duplex units each feature 2 bedrooms and 1 bath, with fenced yards
- Additional structure offers 3 bedrooms and 2 bathrooms, including a large master suite
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.7k | $15.36 |
| − Vacancy | −$2.7k | −$0.84 |
| EGI | $46.0k | $14.52 |
| − OpEx | −$13.8k | −$4.35 |
| NOI | $32.2k | $10.16 |
3,170 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$460.1K
$402.6K – $536.8K
NOI $32,209 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$415.2K
$363.3K – $484.4K
NOI $29,063 @ 7.0% cap · market cap 6.77%
Theoretical Best
Retail
$519.5K
$454.5K – $606.0K
NOI $36,362 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Side-by-side duplex plus additional 3-bed/2-bath structure, currently fully rented with month-to-month leases.
Where is this triplex located?
The property is located at 4202-4204 Cheyenne Street Cheyenne, WY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1‑acre lot with a triplex layout: side‑by‑side duplex plus an additional 3‑bed/2‑bath structure; Duplex units each feature 2 bedrooms and 1 bath, with fenced yards; Additional structure offers 3 bedrooms and 2 bathrooms, including a large master suite
