Tucked away just off Dell Range, this 2-acre property offers a unique blend of income potential, redevelopment opportunity, and a prime location that backs directly to Mylar Park with private access to the Greenway walking path—perfect for enjoying Cheyenne’s scenic outdoors right from your doorstep. The centerpiece is a duplex that provides immediate rental income, or the flexibility to live in one side while leasing the other. In addition, the property includes a barn and a second single-family home. While the second home may need some updates, it offers excellent potential as a guest house, long-term rental, or renovation project. What truly sets this property apart is its long-term development potential. With ample space and a park-adjacent setting, it could be an ideal site for luxury patio homes or reimagined into a boutique commercial concept featuring patio dining and outdoor gathering spaces. Whether you're an investor, developer, or someone seeking multi-family living in one of Cheyenne’s most desirable areas, this property offers versatility and upside that’s hard to find.
For sale
$625,000
734 Prairie Ave #736, Cheyenne, WY 82009
--beds
--baths
2,780sqft
Est.:
Duplex
Built in 1978
-- sqft lot
$-- Zestimate®
$225/sqft
$-- HOA
What's special
- 8 days
- on Zillow |
- 295 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 12:24pm
Listed by:
Bailey Wheeler 307-631-0202,
Coldwell Banker, The Property Exchange
Source: Cheyenne BOR,MLS#: 96790

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Hot Water, Fireplace(s)
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Individual
Interior area
- Total structure area: 2,780
- Total interior livable area: 2,780 sqft
- Finished area above ground: 1,390
- Finished area below ground: 2,780
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: Two
Lot
- Size: 2.01 Acres
- Features: Flood Plain
Details
- Special conditions: Realtor Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick, Frame
- Roof: Composition/Asphalt
Condition
- Year built: 1978
Utilities & green energy
- Sewer: City Sewer
- Water: Well, Public
Community & HOA
Community
- Subdivision: Mylar Add
Location
- Region: Cheyenne
Financial & listing details
- Price per square foot: $225/sqft
- Annual tax amount: $4,400
- Price range: $625K - $625K
- Date on market: 4/18/2025
- Listing agreement: N
- Listing terms: Cash,Conventional
- Exclusions: N
- Total actual rent: 2200
- Tenant pays: None
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