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    Cheyenne, WY Multifamily Properties for Sale

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    10-Unit Apartment Building
    Updated: Jun 29
    10-Unit Apartment Building

    1621 EVANS AVE, Cheyenne, WY 82001

    $500,000
    4,203 sqft 0.10 AC lot
    10‑unit property with a mix of 1‑bedroom units and studios
    Built in 1917
    Natural gas forced‑air heating
    Public water source
    Patio included
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    This listing looks promising.

    Here's a quick look at some key insights for

    1621 EVANS AVE, Cheyenne, WY 82001

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $39K
      Annual

    • Mortgage

      $118K
      Jan 2022

    • Last Sold

      May 2009
      $378K

    • Property Type

      Apartment House
      Built 1917
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    Turnkey Mixed-Use Property with Coworking
    Updated: May 12
    Turnkey Mixed-Use Property with Coworking

    2200 LOGAN AVE, Cheyenne, WY 82001

    $799,000
    3,888 sqft 0.13 AC lot
    1,968 SF main‑floor workspace was gut renovated with full asbestos abatement, new electrical and plumbing, new flooring and kitchen, and designer finish package
    Lower level has 3 residential apartments with separate private exterior entrances: two ~600 SF 1BR/1BA units and one ~750 SF 2BR/1BA unit
    11 income‑producing tenancies total $6,059/month gross; all 3 apartments are currently occupied with in‑unit updates by the current owner
    Commercial leases are month‑to‑month, giving flexibility to raise rents or reconfigure for single‑tenant use or a hybrid own‑occupied/leased setup
    Brand‑new composition roof (2026) covers the entire building; frame construction with a composition roof
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    Fourplex Residential Income Property
    Fourplex Residential Income Property

    1231 TAFT AVE, Cheyenne, WY 82001

    $749,900
    3,952 sqft

    Well-maintained 4-plex with four 3-bed, 2-bath units, each with washer/dryer and gas fireplaces.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    2510 EVANS AVE, Cheyenne, WY 82001

    $510,000
    3,864 sqft 0.09 AC lot

    Six-unit apartment building offered for sale, with some units used as short-term rentals for flexible income strategies.

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    Turnkey Cheyenne Mixed-Use Opportunity
    Turnkey Cheyenne Mixed-Use Opportunity

    2200 Logan Ave, Cheyenne, WY 82001

    $799,000
    3,888 sqft

    Renovated commercial space with residential units, generating $6,059/month.

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    Fourplex Residential Income Property
    Fourplex Residential Income Property

    1216 TAFT AVE, Cheyenne, WY 82007

    $649,000
    3,632 sqft 0.25 AC lot

    Four rented two-bedroom, one-bath units with individual laundry and off-street parking.

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    Renovated Duplex with Garage
    Renovated Duplex with Garage

    515 E 26TH ST, Cheyenne, WY 82001

    $524,900
    1,993 sqft 0.17 AC lot

    Renovated front two-bedroom and rear one-bedroom homes with alley-access garage offer flexible income or owner-occupant use.

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    Well-Maintained Fourplex Building
    Well-Maintained Fourplex Building

    1217 TAFT AVE, Cheyenne, WY 82001

    $749,900
    3,952 sqft

    Each unit offers two bedrooms, a full bath, and in-unit washer/dryer, supported by separately metered utilities and off-street parking.

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    Apartment Building For Sale
    Apartment Building For Sale

    1103 OLD TOWN LN 201, Cheyenne, WY 82009

    $1,850,000
    8,177 sqft

    Apartment building available for sale in Cheyenne, Wyoming, offering residential income-focused ownership.

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    Fourplex Condominium Income Property
    Fourplex Condominium Income Property

    511 W 6TH ST, Cheyenne, WY 82007

    $799,000
    3,510 sqft 0.28 AC lot

    Fully occupied fourplex with four individually titled condominium units and leases in place through August 31, 2026.

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    All-Brick Triplex with Three 1-Bed Units
    All-Brick Triplex with Three 1-Bed Units

    3016 DEY AVE, Cheyenne, WY 82001

    $410,000
    2,416 sqft 0.05 AC lot

    All-brick triplex offering three 1-bedroom, 1-bath apartments, including a basement unit with a private entrance.

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    Mixed-Use Income Multi-Unit Property
    Mixed-Use Income Multi-Unit Property

    100 E 28TH ST, Cheyenne, WY 82001

    $350,000
    3,362 sqft

    Flexible multi-dwelling setup with a converted carriage house and existing monthly income potential in a mixed-use zone.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    743 W 2ND ST, Cheyenne, WY 82007

    $775,000
    3,320 sqft

    Four clean, separate-utility units with in-unit laundry and 1.5 baths each, offering flexible owner-occupy or rental options.

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    Charming Duplex with Fenced Yard
    Charming Duplex with Fenced Yard

    3205 REED AVE, Cheyenne, WY 82001

    $315,000
    1,024 sqft 0.18 AC lot

    Two 1-bedroom, 1-bath units with fenced yard and garage space, plus recent roof, gutters, and decking upgrades.

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    Quadplex Income Property
    Quadplex Income Property

    Lots 1-3 RALEIGH DR, Cheyenne, WY 82001

    $1,245,000
    5,100 sqft

    For sale 5,100-square-foot residential income asset in Cheyenne, Wyoming, suited to buyers building a small multifamily portfolio.

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    Tri-Plex Residential Income Property
    Tri-Plex Residential Income Property

    1008 E 23RD ST, Cheyenne, WY 82001

    $385,000
    2,861 sqft 0.13 AC lot

    Tri-plex with three rental units, including a main-level two-bedroom and a basement one-bedroom.

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    Duplex With Private Laundry
    Duplex With Private Laundry

    3410 GREEN CT, Cheyenne, WY 82009

    $440,000
    2,000 sqft 0.31 AC lot

    Two-unit duplex with full kitchens, private washer and dryer, and an oversized two-car garage plus off-street parking.

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    Flexible Property on Skyview Airpark
    Flexible Property on Skyview Airpark

    3666 Aviator Ct, Cheyenne, WY 82009

    $940,000
    7,000 sqft

    Built in 2023, suitable for office, warehouse, or residential.

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    Fourplex Income Property
    Fourplex Income Property

    1515 OXFORD DR, Cheyenne, WY 82001

    $635,000
    3,570 sqft 0.23 AC lot

    Four fully rented units offer two-bedroom, one-bath layouts in a compact residential income property.

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    Multifamily Property with Acreage
    Multifamily Property with Acreage

    4202 Cheyenne St, Cheyenne, WY 82001

    $429,000
    3,170 sqft 1.00 AC lot

    Three units in two buildings on a one-acre lot.

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    Corner-Lot Duplex
    Corner-Lot Duplex

    208 RUSSELL AVE, Cheyenne, WY 82007

    $330,000
    1,560 sqft 0.15 AC lot

    Two-unit duplex with separate fenced yards, shared laundry access, and leases in place through April 2027.

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    Mixed Use
    Mixed Use

    600 Central Ave, Cheyenne, WY 82007

    $1,099,000
    0.29 AC lot

    Apartment buildings · 0.29 Acres

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    Flex Property with Hangar Space
    Flex Property with Hangar Space

    3666 AVIATOR CT, Cheyenne, WY 82009

    $940,000
    7,000 sqft 1.37 AC lot

    Built in 2023 with a heated shop, duplex apartments, and a hangar featuring a powered bi-fold door.

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    Manufactured Housing Community with 56 Sites
    Manufactured Housing Community with 56 Sites

    2800 McCann Ave, Cheyenne, WY 82001

    $4,480,000

    Stabilized manufactured housing community with city utilities and resident utility reimbursements supporting efficient operations.

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    Cheyenne, WY Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Cheyenne, WY, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 103,441 square feet of properties for sale, with an estimated market value of $19,004,600.

    Sale prices for multifamily properties in Cheyenne, WY start at $315,000, averaging $678,735, and reaching up to $1,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 11
    Quadplexes 11
    Apartment buildings 7
    Triplexes 4
    Short term rental properties 3

    Demographics Overview

    Population 96K
    Population Growth (5Y) -1.7%
    Median Household Income $80,489
    College Educated 14.4%

    High-Yield Neighborhoods for Investment

    Identify Cheyenne submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    82001 $592K
    82007 $685.1K
    82009 $815K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Laramie County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Cheyenne fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Cheyenne, WY

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