Triplex with Attached Horse
New
For Sale
$899,000
7602 RIDGE RD, Cheyenne, WY 82009
Multi-Family, 2 STORY, Cheyenne, WY
Property Size5,807 SF
Lot Size4.08 Acres
Price / SF$154.81
Days on Market1
Property Features for 7602 RIDGE RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 8, Bedroom 9, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 8, Bedroom 2, Bedroom 7, Bedroom 3, Bedroom 10, Bedroom 5, Bathroom 1, Bathroom 7, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 6
Patio and Porch features
Deck
Exterior features
Deck, Fence
Fencing
Fenced
Appliances
Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
Subdivision
CYNTHIA ACRES
Standard status
Active
Size
5,807 SF
Lot size
4.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Cynthia Acres: Tracts 16 & 17
Tax Annual Amount
2848
Legal Description
Cynthia Acres: Tracts 16 & 17
Utilities
Heating system
Hot Water(Heating)
Water source
Private
Amenities
greenhouse
outdoor entertaining areas
Building Details
Year built
1977
Floors in Building
2
Number of units
3
Building materials
Frame
Roof type
Membrane
Architectural style
Other
Listing Agency:
RE/MAX Capitol Properties · RE/MAX International
(307) 635-0303
Listed By:
Brenton Leavitt
(307) 630-3400
Added: Oct 26
Last Checked: Oct 26 at 6:06PM
MLS# 102479
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.
Set on 4.08 acres, this remodeled triplex includes 5,807 square feet of finished space, with separate accessory and basement apartments. The property also features a heated garage with an oversized bay, plus an attached barn equipped with six stalls, a hay loft, and tack space. Outdoor improvements include a corral, pasture, greenhouse, RV parking, and a deck.
The property is just north of Cheyenne, with approximately 462 acres of State of Wyoming land located beyond the back fence.
The property is just north of Cheyenne, with approximately 462 acres of State of Wyoming land located beyond the back fence.
Key Highlights
- 4.08‑acre property with 5,807 square feet of finished space
- Triplex includes a separate accessory dwelling unit and basement apartment
- Attached barn has 6 stalls, a hay loft, and tack space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,003
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,060
$1.2M
Cap Rate 7%
$842,900
$842.9K
Cap Rate 9%
$655,589
$655.6K
Market Conditions
NOI Build-Up for 5,807 SF
Gross rent
$89.2K $15.36/SF
− Vacancy
−$4.9K −$0.84/SF
EGI
$84.3K $14.52/SF
− OpEx
−$25.3K −$4.35/SF
NOI
$59.0K $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%
$1,180,060
Cap Rate 7%
$842,900
Cap Rate 9%
$655,589
Alternative Uses
Best Use
Multifamily LT 5
$842.9K
$737.5K – $983.4K
NOI $59,003 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$760.6K
$665.5K – $887.3K
NOI $53,239 @ 7.0% cap · market cap 5.92%
Theoretical Best
Retail
$951.6K
$832.6K – $1.11M
NOI $66,610 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Separate accessory and basement living areas complement a heated garage and extensive equestrian facilities.
Where is this triplex located?
The property is located at 7602 RIDGE RD Cheyenne, WY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4.08‑acre property with 5,807 square feet of finished space; Triplex includes a separate accessory dwelling unit and basement apartment; Attached barn has 6 stalls, a hay loft, and tack space
