An outstanding INVESTMENT OPPORTUNITY awaits with this 25-plus unit property, 9 single rooms, 11 double rooms, 5 suites, 2 apartments, with ample parking, on-site office, and managers quarters, this offers exceptional flexibility and income potential. Currently operating as a fully functional motel, the property can generate short-term rental income- or be repositioned as a multifamily housing for long-term tenants. Located in a high-visibility, high-demand area, the site is ideal for travelers, temporary workers, or residents seeking affordable housing options. With infrastructure already in place conversion to studio apartments or extended-stay rentals is straightforward and cost effective.
Active
$800,000
1240 Main St, Lander, WY 82520
1beds
1baths
30,799sqft
Est.:
Multi Family
Built in 1949
-- sqft lot
$-- Zestimate®
$26/sqft
$-- HOA
What's special
Ample parkingManagers quartersOn-site office
- 13 days
- on Zillow |
- 654 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 12:33am
Listed by:
Yvonne Patterson 307-349-1660,
Timber Ridge Realty LLC
Source: WYOMLS,MLS#: 20251613

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Forced Air Gas, Forced Air Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Microwave, Refrigerator
- Laundry: Other
Features
- Flooring: Carpet
- Windows: Drapes, Curtain Rod(s)
- Furnished: Yes
Interior area
- Total structure area: 30,799
- Total interior livable area: 30,799 sqft
Video & virtual tour
Property
Parking
- Parking features: Carport, RV Access/Parking, Off Street
- Has carport: Yes
Features
- Patio & porch: Patio
- Fencing: None
Lot
- Size: 0.71 Acres
Details
- Zoning description: C-1/Lander
- Other equipment: RV Parking, Storage Shed, Landscaped, Patio
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Frame, Block, Wood Siding, Asbestos
- Foundation: Concrete Perimeter
- Roof: Aluminum
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: Rocky Mountain Power
- Gas: Natural
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: Other
Location
- Region: Lander
Financial & listing details
- Price per square foot: $26/sqft
- Annual tax amount: $4,480
- Price range: $800K - $800K
- Date on market: 4/12/2025
- Listing terms: 1031 Exchange
- Tenant pays: Other
- Loading
- Loading