Quadplex Income
Lots 1-3 RALEIGH DR Cheyenne, WY 82001
Lots 1-3 RALEIGH DR, Cheyenne, WY, 82001
$1,245,000
For Sale
$1,245,000
For sale 5,100-square-foot residential income asset in Cheyenne, Wyoming, suited to buyers building a small multifamily portfolio.
Property Size5,100 SF
Price / SF$244.12
Days on Market21
Property Features for Lots 1-3 RALEIGH DR
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2026
Listing Agency
(585) 427-0020
Listed by
Corey Rang
(585) 427-0020
Source
Sellcheyenne.idxbroker
Added: Jun 28 Checked: Jul 17 at 2:49 am
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 Corey Rang
Investment Insights
Based on property information with market context.
The property is a 5,100-square-foot quadplex-style residential income asset offered for sale. It is presented as a multifamily investment opportunity, consistent with the property’s quadplex and residential income classification. The offering is being marketed for buyers seeking an owner-occupied or investor-held income property.
Located at Lots 1-3 Raleigh Dr in Cheyenne, Wyoming, the building is situated on a multi-lot address. Prospective buyers can review the full offering details by requesting additional information through the listing inquiry process.
This asset may fit investors and owner-operators looking for a smaller-scale multifamily holding in Cheyenne. With its quadplex classification, it can be evaluated as part of a diversified residential-income strategy. Buyers should confirm operating details and underwriting assumptions during their due diligence, including unit configuration, current occupancy, and any required property-specific documentation provided with the sale.
Located at Lots 1-3 Raleigh Dr in Cheyenne, Wyoming, the building is situated on a multi-lot address. Prospective buyers can review the full offering details by requesting additional information through the listing inquiry process.
This asset may fit investors and owner-operators looking for a smaller-scale multifamily holding in Cheyenne. With its quadplex classification, it can be evaluated as part of a diversified residential-income strategy. Buyers should confirm operating details and underwriting assumptions during their due diligence, including unit configuration, current occupancy, and any required property-specific documentation provided with the sale.
Key Highlights
- 5,100‑square‑foot residential income property in Cheyenne, Wyoming
- Year built: 2026
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 | $78.3k | $15.36 |
| − Vacancy | −$4.3k | −$0.84 |
| EGI | $74.0k | $14.52 |
| − OpEx | −$22.2k | −$4.35 |
| NOI | $51.8k | $10.16 |
5,100 SF · lease $15.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$668.0K
$584.5K – $779.3K
NOI $46,757 @ 7.0% cap · market cap 3.76%
Theoretical Best
Retail
$835.7K
$731.3K – $975.0K
NOI $58,500 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - For sale 5,100-square-foot residential income asset in Cheyenne, Wyoming, suited to buyers building a small multifamily portfolio.
Where is this quadplex located?
The property is located at Lots 1-3 RALEIGH DR Cheyenne, WY.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: 5,100‑square‑foot residential income property in Cheyenne, Wyoming; Year built: 2026
