100 E 28th St, Cheyenne, WY
Multi-family for Sale - $389,900 - 2,426 Sq. Ft.
Agent Info
| Mariah Jeffery Coldwell Banker Commercial The Property Exchange |
Property Info
| CIMLS# | 1192159 |
| Location 100 E 28th St Cheyenne WY 82001 | |
| Updated | May 31st, 2026 |
| Type | Multi-family |
| Price | $389,900 |
| Building | 2,426 Sq. Ft. |
Property Description
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.

