Four-Unit Condominium
New
For Sale
$760,000
511 W 6TH ST, Cheyenne, WY 82007
Multi-Family, CONDOMINIUM, Cheyenne, WY
Property Size3,510 SF
Lot Size0.28 Acres
Price / SF$216.52
Days on Market3
Property Features for 511 W 6TH ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 10, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 11, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 7
Patio and Porch features
Patio
Interior features
Window Covering
Exterior features
Patio
Appliances
Dishwasher, Range/Oven, Refrigerator
Subdivision
STANFIELD ADD
Standard status
Active
Size
3,510 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1972
Number of units
4
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(866) 873-0565
Listed By:
Nikki Dishneau
(970) 646-3013
Added: Oct 7
Last Checked: Oct 9 at 12:06PM
MLS# 102319
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.
Investment Insights
Based on property information with market context.
This 1972 brick property in Cheyenne contains four individually titled condominium units and approximately 3,510 square feet. The mix comprises two 3-bedroom/1-bath residences and two 2-bedroom/1-bath residences. All four units are currently occupied. Three leases run through September 2027, while the remaining unit is rented month-to-month.
Updates include two replacement furnaces, four A/C coils, electrical work, drainage improvements, new concrete parking, exterior repairs, and work inside Unit 513. The property also has a patio and forced-air, natural-gas heating. Its 0.28-acre site is served by public water.
The homeowners association covers building insurance, water, sewer, trash, reserves, and exterior maintenance. The buyer will assume sole control of the association and its governing decisions.
Updates include two replacement furnaces, four A/C coils, electrical work, drainage improvements, new concrete parking, exterior repairs, and work inside Unit 513. The property also has a patio and forced-air, natural-gas heating. Its 0.28-acre site is served by public water.
The homeowners association covers building insurance, water, sewer, trash, reserves, and exterior maintenance. The buyer will assume sole control of the association and its governing decisions.
Key Highlights
- Four individually titled condominium units
- Unit mix: two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- Approximately 3,510 square feet on a 0.28‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,664
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,280
$713.3K
Cap Rate 7%
$509,486
$509.5K
Cap Rate 9%
$396,267
$396.3K
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$53.9K $15.36/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$50.9K $14.52/SF
− OpEx
−$15.3K −$4.35/SF
NOI
$35.7K $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%
$713,280
Cap Rate 7%
$509,486
Cap Rate 9%
$396,267
Alternative Uses
Best Use
Multifamily LT 5
$509.5K
$445.8K – $594.4K
NOI $35,664 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$459.7K
$402.3K – $536.3K
NOI $32,180 @ 7.0% cap · market cap 4.23%
Theoretical Best
Retail
$575.2K
$503.3K – $671.0K
NOI $40,262 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 82007, WY
21,249
Population
9,542
Households
2.2
Avg Household Size
35
Median Age
16%
College-Educated
89%
High-School Grad
193.8 sq mi
ZIP Area
110
Density / Sq Mi
$55,461
Median Household Income
$35,537
Median Earnings
$1,120
Median Rent
$218,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Separate condominium titles accompany shared association coverage for building insurance, utilities, reserves, and exterior maintenance.
Where is this quadplex located?
The property is located at 511 W 6TH ST Cheyenne, WY.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Four individually titled condominium units; Unit mix: two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; Approximately 3,510 square feet on a 0.28‑acre site
