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 a 9% 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
$389,900
100 E 28th St, Cheyenne, WY 82001
--beds
--baths
3,362sqft
5-8 Plex, Multi Family
Built in 1921
-- sqft lot
$381,600 Zestimate®
$116/sqft
$-- HOA
What's special
- 23 days |
- 556 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Mariah Jeffery 307-316-2239,
Coldwell Banker, The Property Exchange
Source: Cheyenne BOR,MLS#: 100946
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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: $116/sqft
- Tax assessed value: $213,981
- Annual tax amount: $1,434
- Price range: $389.9K - $389.9K
- 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
$381,600
$363,000 - $401,000
$1,310/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $13,090 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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
A local agent can set up tours, give advice and negotiate with sellers.
- Wyoming
- Laramie County
- Cheyenne
- 82001
- 100 E 28th St
Nearby cities
Nearby zip codes
Other Cheyenne Topics
