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.
For sale
$265,000
807 E 3rd St, Cheyenne, WY 82007
1beds
670sqft
Est.:
City Residential, Residential
Built in 1934
0.29 Acres Lot
$258,100 Zestimate®
$396/sqft
$-- HOA
What's special
Modern finishesStylish stand-in showerRv parkingBeautiful lvp flooringUpdated throughout
- 3 days |
- 570 |
- 23 |
Zillow last checked: 8 hours ago
Listing updated: February 27, 2026 at 09:29am
Listed by:
Jased Gracia 307-286-5045,
Selling Homes Network
Source: Cheyenne BOR,MLS#: 99970
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
- Area: 108
- Dimensions: 12 x 9
Bathroom 1
- Features: 3/4
- Level: Main
Heating
- Wall Furnace, Electric
Appliances
- Included: Range, Refrigerator
- Laundry: Main Level
Features
- Flooring: Laminate
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 670
- Total interior livable area: 670 sqft
- Finished area above ground: 670
Property
Parking
- Parking features: No Garage
Accessibility
- Accessibility features: None
Features
- Fencing: Back Yard
Lot
- Size: 0.29 Acres
- Dimensions: 12,672
Details
- Additional structures: Utility Shed, Workshop, Outbuilding
- Parcel number: 13660512500400
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: City Residential, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1934
Utilities & green energy
- Electric: Black Hills Energy
- Gas: Black Hills Energy
- Sewer: City Sewer
- Water: Public
Community & HOA
Community
- Subdivision: South Cheyenne
HOA
- Services included: None
Location
- Region: Cheyenne
Financial & listing details
- Price per square foot: $396/sqft
- Tax assessed value: $166,973
- Annual tax amount: $862
- Price range: $265K - $265K
- Date on market: 2/27/2026
- Listing agreement: n
- Listing terms: Cash,Conventional
- Inclusions: Range/Oven, Refrigerator
- Exclusions: n
Estimated market value
$258,100
$245,000 - $271,000
$1,329/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Listed for sale | $265,000$396/sqft |
Source:  Cheyenne BOR #99970 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,122 +2.5% | $15,863 +2.5% |
| 2023 | $1,094 +11.1% | $15,469 +13.5% |
| 2022 | $984 +7.4% | $13,634 +7.6% |
| 2021 | $916 +22.3% | $12,666 +22% |
| 2020 | $749 +3.6% | $10,381 +3.7% |
| 2019 | $723 +16.1% | $10,015 +15% |
| 2018 | $623 +8.9% | $8,708 +9.9% |
| 2017 | $572 +6.7% | $7,927 +6.7% |
| 2016 | $536 | $7,427 +28.2% |
| 2015 | $536 +24.4% | $5,792 -2.3% |
| 2014 | $431 | $5,930 -2% |
| 2013 | -- | $6,049 -0.1% |
| 2012 | -- | $6,055 +8.5% |
| 2011 | -- | $5,583 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,495/mo
Principal & interest
$1367
Property taxes
$128
Climate risks
Neighborhood: 82007
Nearby schools
GreatSchools rating
- 4/10Hebard Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 2/10Johnson Junior High SchoolGrades: 7-8Distance: 1.5 mi
- 2/10South High SchoolGrades: 9-12Distance: 1.6 mi
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