$265,000

807 E 3Rd St, Cheyenne, WY 82007

670 sq ft

Listed by Selling Homes Network, Jased Gracia

Status: Active

MLS® #99970

Rare opportunity with serious upside potential! This fully renovated 1-bedroom, 1-bath home sits on an oversized 0.29-acre lot within city limits and could be an excellent fit for a first-time home buyer or an investor seeking strong cash flow and future development possibilities. The home has been updated throughout and features beautiful LVP flooring, modern finishes, and a stylish stand-in shower. It has consistently generated $1,200+ per month in rental income. In addition, the impressive 46x26 shop has its own separate meter and has produced $800+ per month, bringing the total to $2,000+ in monthly rental income from one purchase. What truly sets this property apart is that it carries four separate addresses, presenting a rare value-add opportunity. With city compliance and approval, there is potential to convert or further develop the property into a fourplex, significantly increasing long-term cash flow and overall value. Conveniently located close to downtown and within walking distance to Hebard Elementary School, this property also offers RV parking and plenty of space rarely found on in-town lots. Flexible, updated, income-producing, and full of opportunity, all on a large in-town lot in a desirable location.

QUICK OVERVIEW

Built in 1934
$396 / Sq Ft
Wall Heater
8 Days on website
0.29 acres lot

INTERIOR

HOA FEATURES

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Jased Gracia

Listing Office Selling Homes Network, 307-214-6534

Updated Saturday, March 7, 2026 at 7:54:44 PM

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Cheyenne MLS. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the Cheyenne MLS. Copyright © 2026 Cheyenne MLS. All Rights Reserved.

NEIGHBORHOOD

About the Cheyenne Neighborhood

The character of Cheyenne is exemplified by its calm ambience. Cheyenne is quiet overall, as there are low levels of noise from traffic - however some parts can be quite loud, especially around US Highway 87, I-80, the airport (Cheyenne Rgnl/Jerry Olson Field) or one of the railway lines.

Learn more about Cheyenne

Elementary Schools

At least one elementary school within a 5-minute walk

Quiet

Virtually no sources of noise nearby

Car friendly

Excellent access to freeways and/or major arteries, with almost no chance of parking problems

Daycares

At least one daycare within a 10-minute walk

High Schools

At least one high school within a 15-minute walk

CLIMATE RISK FOR 82007

PROPERTY HISTORY FOR 807 E 3Rd ST

BUYING

How Much Should You Offer on a House?

September 3, 2025

BUYING

10 Tips for Getting the Best Mortgage Rate

June 18, 2025

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807 E 3Rd St, Cheyenne, WY 82007