Updated Duplex with Oversized
502 W 10TH ST Cheyenne, WY 82007
For Sale
$375,000
Pending
MULTI_FAMILY - Cheyenne, WY
Property Size1,246 SF
Lot Size0.12 Acres
Days on Market57
Property Features for 502 W 10TH ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Patio and Porch features
Patio
Interior features
Cable Access, Carpeted, Window Covering
Exterior features
Patio, Lawn Sprinklers, Fence, Landscaped
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
Standard status
Pending
Size
1,246 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CHEYENNE: EAST 40' LOT 8, BLOCK 507
Tax Annual Amount
1160
Utilities
Heating system
Natural Gas, Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
1924
Floors in Building
1
Number of units
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
#1 Properties
(307) 634-2222
Listed By:
Scott Foster · License #5043
(307) 631-4289
Added: Jun 2
Changed: Jul 14
Last Checked: Jul 28 at 5:06AM
MLS# 101048
Copyright © 2026 Cheyenne 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.
This property is a duplex-style residential income setup featuring a main house and a second house on one lot. The main residence includes three bedrooms and two and a half bathrooms, along with a living room, an office area, separate dining, a pantry, and a kitchen. It also offers an oversized one-car garage. The second house is a one-bedroom home with a full bathroom, laundry hook-ups, a kitchen, and a living room. Outside, the yard is fenced and includes a sprinkler system, with an additional shed for storage.
Located in Cheyenne, Wyoming at 502 W 10TH ST, the property sits on a 0.12-acre lot in Laramie County.
From a tenant or owner-operator standpoint, this layout can appeal to buyers seeking two separate dwelling units with distinct room configurations, including dedicated laundry hook-ups in the smaller unit and a garage attached to the main home. The fenced yard, sprinkler system, and on-site storage shed add practical day-to-day convenience for either household.
Located in Cheyenne, Wyoming at 502 W 10TH ST, the property sits on a 0.12-acre lot in Laramie County.
From a tenant or owner-operator standpoint, this layout can appeal to buyers seeking two separate dwelling units with distinct room configurations, including dedicated laundry hook-ups in the smaller unit and a garage attached to the main home. The fenced yard, sprinkler system, and on-site storage shed add practical day-to-day convenience for either household.
Key Highlights
- Includes two homes: main house with 3 bedrooms and 2.5 baths plus an office and separate dining
- Second house offers 1 bedroom and 1 full bath with kitchen, living room, and laundry hook‑ups
- Both properties have been updated a few years ago (main house and second house)
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 | $19.1k | $15.36 |
| − Vacancy | −$1.1k | −$0.84 |
| EGI | $18.1k | $14.52 |
| − OpEx | −$5.4k | −$4.35 |
| NOI | $12.7k | $10.16 |
1,246 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$180.9K
$158.3K – $211.0K
NOI $12,660 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$163.2K
$142.8K – $190.4K
NOI $11,423 @ 7.0% cap · market cap 3.05%
Theoretical Best
Retail
$204.2K
$178.7K – $238.2K
NOI $14,292 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences on one lot provide flexible living and income possibilities, including a fenced yard and sprinkler system.
Where is this duplex located?
The property is located at 502 W 10TH ST Cheyenne, WY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Includes two homes: main house with 3 bedrooms and 2.5 baths plus an office and separate dining; Second house offers 1 bedroom and 1 full bath with kitchen, living room, and laundry hook‑ups; Both properties have been updated a few years ago (main house and second house)
