Real Estate Investment Properties for Sale in Cheyenne, WY

Looking for investment property in Cheyenne, WY with high ROI ?

Explore a variety of short-term homes & houses in Cheyenne, WY. Invest wisely with VRBO & Cheyenne, WY Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Cheyenne, WY

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2123 E 18TH ST Cheyenne, WY Welcome to this updated 3-bedroom, 2-bathroom home on a spacious corner lot in Cheyenne. T...	3 beds \| 2 baths \| N/A	$342,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 3.71% Airbnb Rental Income: $1258 Traditional Rental Income: $1745 Airbnb ROI: 0.95% Traditional ROI: 3.71%
6909 BOMAR DR Cheyenne, WY Welcome to this inviting 5-bedroom, 2-bathroom home in a desirable North Cheyenne neighbor...	5 beds \| 2 baths \| N/A	$372,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 5.59% Airbnb Rental Income: $1940 Traditional Rental Income: $2605 Airbnb ROI: 2.21% Traditional ROI: 5.59%
5330 KENNEDY DR Cheyenne, WY Welcome to 5330 Kennedy! We are a tri-level home with natural light, a nice layout, and so...	3 beds \| 2 baths \| N/A	$350,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 4.01% Airbnb Rental Income: $1258 Traditional Rental Income: $1916 Airbnb ROI: 0.8% Traditional ROI: 4.01%
1210 CONCERTO LN Cheyenne, WY Offering $5000 towards buyers closing cost and prepaids! A beautiful Quad-Level Home in Ha...	4 beds \| 4 baths \| N/A	$463,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 6.26% Airbnb Rental Income: $1206 Traditional Rental Income: $3449 Airbnb ROI: 0.18% Traditional ROI: 6.26%
2012 E 12TH ST Cheyenne, WY This charming 4-bedroom, 2-bath home in central Cheyenne offers room for everyone and thou...	4 beds \| 2 baths \| N/A	$299,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 4.84% Airbnb Rental Income: $1206 Traditional Rental Income: $1885 Airbnb ROI: 1.04% Traditional ROI: 4.84%
620 W 25TH ST Cheyenne, WY Back on the MarketâNo Fault of the Home! Discover this beautifully maintained and fully ...	2 beds \| 1 baths \| N/A	$210,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.77% Airbnb Rental Income: $811 Traditional Rental Income: $1109 Airbnb ROI: 0.64% Traditional ROI: 3.77%
801 E 17TH ST Cheyenne, WY Own a rare piece of Cheyenneâs history with this income-producing duplex just blocks fro...	N/A beds \| 3 baths \| N/A	$550,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 1.5% Airbnb Rental Income: $1258 Traditional Rental Income: $1692 Airbnb ROI: -0.12% Traditional ROI: 1.5%
5246 DANIELLE CT Cheyenne, WY Tucked away at the end of a cul-de-sac, this charming 1.5-story home offers space and comf...	3 beds \| 4 baths \| N/A	$415,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 5.4% Airbnb Rental Income: $1258 Traditional Rental Income: $2784 Airbnb ROI: 0.45% Traditional ROI: 5.4%
302 ABBY RD Cheyenne, WY 302 Abby Road in the heart of Cheyenne, WY, this charming 1200 sq ft townhome offers the p...	2 beds \| 2 baths \| N/A	$299,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 4.22% Airbnb Rental Income: $811 Traditional Rental Income: $1707 Airbnb ROI: -0.11% Traditional ROI: 4.22%
402 APRICOT ST Cheyenne, WY Turnkey Investment Opportunity with Active Lease in Place! Excellent opportunity to own a ...	3 beds \| 2 baths \| N/A	$392,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 3.23% Airbnb Rental Income: $1258 Traditional Rental Income: $1906 Airbnb ROI: 0.39% Traditional ROI: 3.23%
1241 RABBIT BRUSH TRL Cheyenne, WY 1241 Rabbit Brush is a beautiful home crafted in 2021 by the esteemed New Peak Constructio...	3 beds \| 2 baths \| N/A	$494,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 2.64% Airbnb Rental Income: $1258 Traditional Rental Income: $2067 Airbnb ROI: 0.02% Traditional ROI: 2.64%
2553 WILDHORSE TRL Cheyenne, WY LIFE IN MUSTANG RIDGE! This fully remodeled brick residence is situated on 1.50 acres in t...	5 beds \| 4 baths \| N/A	$885,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 1.6% Airbnb Rental Income: $1940 Traditional Rental Income: $2608 Airbnb ROI: 0.17% Traditional ROI: 1.6%
511 W 6TH ST Cheyenne, WY Motivated seller excited to introduce you to a beautiful (and affordable) home! Havens Hom...	3 beds \| 1 baths \| N/A	$214,500	Airbnb cash on cash: 1.35% Traditional cash on cash: 10.15% Airbnb Rental Income: $1258 Traditional Rental Income: $2649 Airbnb ROI: 1.35% Traditional ROI: 10.15%
12611 GLENCOE DR Cheyenne, WY No Covenants - Freedom to Live Your Way! This beautifully refurbished 5-bedroom, 4-bath ho...	5 beds \| 4 baths \| N/A	$775,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 2.88% Airbnb Rental Income: $1940 Traditional Rental Income: $3260 Airbnb ROI: 0.35% Traditional ROI: 2.88%
517 W 6TH ST Cheyenne, WY Motivated seller excited to introduce you to a beautiful (and affordable) home! Havens Hom...	2 beds \| 1 baths \| N/A	$195,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 4.5% Airbnb Rental Income: $811 Traditional Rental Income: $1142 Airbnb ROI: 0.96% Traditional ROI: 4.5%
1472 SCENIC RIDGE DR Cheyenne, WY Lender incentives may be available!! Custom-built home on 10 acres, which includes the adj...	5 beds \| 5 baths \| N/A	$1,065,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.88% Airbnb Rental Income: $1940 Traditional Rental Income: $4407 Airbnb ROI: -0.13% Traditional ROI: 2.88%
910 E 17TH ST Cheyenne, WY 5 bedroom, 2 bathroom, brick home. Hardwood floors on the main level. Cozy sitting room ...	5 beds \| 2 baths \| N/A	$365,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 4.5% Airbnb Rental Income: $1940 Traditional Rental Income: $2233 Airbnb ROI: 2.15% Traditional ROI: 4.5%
3603 STOREY BLVD Cheyenne, WY GARAGE AND CARPORT ON OVERSIZED CITY LOT WITH WELL & SEPTIC!!! Get ready to kick back and ...	4 beds \| 2 baths \| N/A	$400,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.22% Airbnb Rental Income: $1206 Traditional Rental Income: $2204 Airbnb ROI: 0.52% Traditional ROI: 4.22%
2001 GOODNIGHT TRL Cheyenne, WY Welcome to your dream home in the highly sought-after Sweetgrass subdivision! This stunnin...	5 beds \| 3 baths \| N/A	$503,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 2.5% Airbnb Rental Income: $1940 Traditional Rental Income: $2052 Airbnb ROI: 1.17% Traditional ROI: 2.5%
5021 SAGEBRUSH AVE Cheyenne, WY Charming and well-maintained 4 bedroom, 2bath brick home with a perfect blend of classic c...	4 beds \| 2 baths \| N/A	$364,995	Airbnb cash on cash: 0.94% Traditional cash on cash: 3.67% Airbnb Rental Income: $1206 Traditional Rental Income: $1751 Airbnb ROI: 0.94% Traditional ROI: 3.67%
1751 E PERSHING BLVD Cheyenne, WY 4 bedroom, 2 bath home with a 1-car attached garage on a spacious corner lot offers an inc...	4 beds \| 2 baths \| N/A	$265,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 3.77% Airbnb Rental Income: $1206 Traditional Rental Income: $1439 Airbnb ROI: 1.28% Traditional ROI: 3.77%
5208 DANIELLE CT Cheyenne, WY Ranch style home with a welcoming covered front porch located in North East Cheyenne! The ...	4 beds \| 3 baths \| N/A	$459,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 3.01% Airbnb Rental Income: $1206 Traditional Rental Income: $2096 Airbnb ROI: 0.03% Traditional ROI: 3.01%
2916 REED AVE Cheyenne, WY Welcome to this well-cared for bungalow, built in 1926 with recent improvements within the...	3 beds \| 2 baths \| N/A	$375,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.26% Airbnb Rental Income: $1258 Traditional Rental Income: $1410 Airbnb ROI: 0.7% Traditional ROI: 2.26%
202 E 3RD AVE Cheyenne, WY Charming Duplex in Prime Location â Live In One, Rent the Other! Located in the heart o...	N/A beds \| 2 baths \| N/A	$408,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 1.15% Airbnb Rental Income: $1258 Traditional Rental Income: $1082 Airbnb ROI: 0.56% Traditional ROI: 1.15%
2407 East 16TH St Cheyenne, WY Don't miss this beautifully maintained 3-bedroom, 3 bathroom townhome in a great location....	3 beds \| 3 baths \| 2,172 sq.ft.	$295,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 5.23% Airbnb Rental Income: $1258 Traditional Rental Income: $1997 Airbnb ROI: 1.13% Traditional ROI: 5.23%
5604 Opal Dr Cheyenne, WY Welcome to your dream home in Whitney Ranch, Cheyenneâs premier master-planned community...	5 beds \| 3 baths \| 3,944 sq.ft.	$709,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 2.88% Airbnb Rental Income: $1940 Traditional Rental Income: $3069 Airbnb ROI: 0.39% Traditional ROI: 2.88%
515 W 24TH ST Cheyenne, WY Location can be everything! One block from Library, three blocks from State Capitol buildi...	3 beds \| 2 baths \| N/A	$200,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 6.61% Airbnb Rental Income: $1258 Traditional Rental Income: $1722 Airbnb ROI: 2.06% Traditional ROI: 6.61%

Real Estate investment in Cheyenne, WY

There are 106 properties for sale in the city of Cheyenne . The median list price in Cheyenne is $400,000 and the average price per square foot is $159. In November 2025, the average monthly cash on cash return in Cheyenne is 3.00%. The average monthly rental income in Cheyenne is $1,909.

Cheyenne, WY Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 106 investment properties available for sale in Cheyenne.

In 2025, the best neighborhood to buy investment property is Cheyenne.

The ROI for Long-Term is higher than the Short-Term in Cheyenne with average rental income of $1,909.

Your search for investment property begins and ends here

Investment Property for Sale in Cheyenne, WY

2123 E 18TH ST

Cheyenne, WY

3 beds | 2 baths | N/A

$342,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 3.71%

Airbnb Rental Income: $1258

Traditional Rental Income: $1745

Airbnb ROI: 0.95%

Traditional ROI: 3.71%

6909 BOMAR DR

Cheyenne, WY

5 beds | 2 baths | N/A

$372,000

Airbnb cash on cash: 2.21%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $1940

Traditional Rental Income: $2605

Airbnb ROI: 2.21%

Traditional ROI: 5.59%

5330 KENNEDY DR

Cheyenne, WY

3 beds | 2 baths | N/A

$350,000

Airbnb cash on cash: 0.8%

Traditional cash on cash: 4.01%

Airbnb Rental Income: $1258

Traditional Rental Income: $1916

Airbnb ROI: 0.8%

Traditional ROI: 4.01%

1210 CONCERTO LN

Cheyenne, WY

4 beds | 4 baths | N/A

$463,000

Airbnb cash on cash: 0.18%

Traditional cash on cash: 6.26%

Airbnb Rental Income: $1206

Traditional Rental Income: $3449

Airbnb ROI: 0.18%

Traditional ROI: 6.26%

2012 E 12TH ST

Cheyenne, WY

4 beds | 2 baths | N/A

$299,000

Airbnb cash on cash: 1.04%

Traditional cash on cash: 4.84%

Airbnb Rental Income: $1206

Traditional Rental Income: $1885

Airbnb ROI: 1.04%

Traditional ROI: 4.84%

620 W 25TH ST

Cheyenne, WY

2 beds | 1 baths | N/A

$210,000

Airbnb cash on cash: 0.64%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $811

Traditional Rental Income: $1109

Airbnb ROI: 0.64%

Traditional ROI: 3.77%

801 E 17TH ST

Cheyenne, WY

N/A beds | 3 baths | N/A

$550,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 1.5%

Airbnb Rental Income: $1258

Traditional Rental Income: $1692

Airbnb ROI: -0.12%

Traditional ROI: 1.5%

5246 DANIELLE CT

Cheyenne, WY

3 beds | 4 baths | N/A

$415,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 5.4%

Airbnb Rental Income: $1258

Traditional Rental Income: $2784

Airbnb ROI: 0.45%