ATTENTION INVESTORS! This unique income property is a textbook value-add opportunity for a savvy investor ready to build a true cash cow. Located in a highly walkable district with direct views of the Capital Building, the property features a flexible multi-dwelling layout—including a detached garage converted into a private carriage house—and currently generates $3,100 a month with the main 3/2 unit owner occupied. One unit is a newly launched Airbnb with massive runway to optimize and increase rates, and the property already operates around 11% Cap Rate when the owner-occupied unit is rented. Zoned Mixed-Use Business (MUB), the possibilities are endless for residential rentals, live/work spaces, or professional offices. This is the perfect chance to renovate one unit at a time, maximize market rents, and unlock massive upside in a prime location.
For sale
Price cut: $15K (8/4)
$335,000
100 E 28th St, Cheyenne, WY 82001
--beds
--baths
3,362sqft
5-8 Plex, Multi Family
Built in 1921
-- sqft lot
$331,800 Zestimate®
$100/sqft
$-- HOA
What's special
- 80 days |
- 386 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Mariah Jeffery 307-316-2239,
Coldwell Banker, The Property Exchange
Source: Cheyenne BOR,MLS#: 100946
Facts & features
Interior
Heating
- Gas Forced Air
Appliances
- Included: Range, Refrigerator
- Laundry: Individual, None
Interior area
- Total structure area: 3,362
- Total interior livable area: 3,362 sqft
- Finished area above ground: 2,426
Property
Parking
- Parking features: None
Features
- Levels: One and One Half
- Stories: 2
Lot
- Size: 5,227 Square Feet
- Dimensions: 5412
Details
- Parcel number: 14663121401100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-8 Plex, Multi Family
Materials
- Frame
- Roof: Composition/Asphalt
Condition
- Year built: 1921
Utilities & green energy
- Sewer: City Sewer
- Water: Public
Community & HOA
Community
- Subdivision: City Of Cheyenne
Location
- Region: Cheyenne
Financial & listing details
- Price per square foot: $100/sqft
- Tax assessed value: $213,981
- Annual tax amount: $1,434
- Price range: $335K - $335K
- Date on market: 5/31/2026
- Listing agreement: N
- Listing terms: Cash,Conventional
- Exclusions: N
- Total actual rent: 3900
- Tenant pays: None
Estimated market value
$331,800
$315,000 - $348,000
$1,445/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Price change | $335,000-4.3%$100/sqft |
Source:  Cheyenne BOR #100946 Report a problem | ||
| 7/2/2026 | Price change | $350,000-6.7%$104/sqft |
Source: Cheyenne BOR #100946 Report a problem | ||
| 6/29/2026 | Price change | $375,000-3.8%$112/sqft |
Source: Cheyenne BOR #100946 Report a problem | ||
| 5/31/2026 | Listed for sale | $389,900$116/sqft |
Source: Cheyenne BOR #100946 Report a problem | ||
| 12/6/2025 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 11/2/2025 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,434 -22.3% | $20,329 -22.1% |
| 2024 | $1,846 +3.4% | $26,104 +3.4% |
| 2023 | $1,785 +14.7% | $25,241 +17% |
| 2022 | $1,557 +12.1% | $21,566 +12.3% |
| 2021 | $1,389 +3.9% | $19,203 +3.7% |
| 2020 | $1,336 +2.9% | $18,526 +3% |
| 2019 | $1,299 -29.3% | $17,993 -30% |
| 2018 | $1,838 +8.3% | $25,704 +9.3% |
| 2017 | $1,697 +6.2% | $23,512 +6.2% |
| 2016 | $1,598 | $22,136 +0.9% |
| 2015 | $1,598 +11.6% | $21,935 +11.3% |
| 2014 | $1,433 | $19,708 -1.3% |
| 2013 | -- | $19,962 +0% |
| 2012 | -- | $19,958 +2.3% |
| 2011 | -- | $19,517 -2.3% |
| 2010 | -- | $19,975 +6.9% |
| 2009 | -- | $18,690 +24.8% |
| 2005 | -- | $14,974 +10.7% |
| 2004 | -- | $13,531 |
| 2003 | -- | $13,531 +3% |
| 2002 | -- | $13,140 +0.4% |
| 2001 | -- | $13,090 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 82001
Nearby schools
GreatSchools rating
- 7/10Miller Elementary SchoolGrades: 4-6Distance: 0.3 mi
- 6/10McCormick Junior High SchoolGrades: 7-8Distance: 2.3 mi
- 7/10Central High SchoolGrades: 9-12Distance: 2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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