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
5210 Windmill Rd Cheyenne, WY Charming home with updates throughout. Come see this beautiful 4 bed, 3 bath with fenced y...	4 beds \| 3 baths \| 2,161 sq.ft.	$415,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 5.84% Airbnb Rental Income: $1334 Traditional Rental Income: $3008 Airbnb ROI: 0.48% Traditional ROI: 5.84%
3117 Douglas St Cheyenne, WY This spacious mid-century home blends timeless character with thoughtful updates, offering...	4 beds \| 2 baths \| 2,788 sq.ft.	$430,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 3.49% Airbnb Rental Income: $1334 Traditional Rental Income: $2097 Airbnb ROI: 0.58% Traditional ROI: 3.49%
605 E 23rd St Cheyenne, WY Affordable ranch style with charm close to downtown move in ready. Freshly painted inside ...	3 beds \| 2 baths \| 1,344 sq.ft.	$319,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 1.93% Airbnb Rental Income: $999 Traditional Rental Income: $1038 Airbnb ROI: 0.61% Traditional ROI: 1.93%
612 W 27TH ST Cheyenne, WY Welcome to your "bigger-than-it-looks and better-than-you-expected" bungalow! This lovely,...	2 beds \| 1 baths \| 2,184 sq.ft.	$315,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 3.03% Airbnb Rental Income: $712 Traditional Rental Income: $1403 Airbnb ROI: -0.34% Traditional ROI: 3.03%
306 E 18TH ST #102 Cheyenne, WY Live in Downtown Cheyenne in this great updated Condo with 100% walkability. Only 5 stairs...	2 beds \| 1 baths \| 940 sq.ft.	$204,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.63% Airbnb Rental Income: $712 Traditional Rental Income: $1064 Airbnb ROI: 0.22% Traditional ROI: 3.63%
2925 Holly Ct Cheyenne, WY Great location on a cul de sac. Hardwood floors, newer kitchen with 42" cabinets, eat-in k...	4 beds \| 2 baths \| 1,728 sq.ft.	$339,999	Airbnb cash on cash: 1.32% Traditional cash on cash: 3.57% Airbnb Rental Income: $1334 Traditional Rental Income: $1640 Airbnb ROI: 1.32% Traditional ROI: 3.57%
5028 Greybull Ave Cheyenne, WY UPDATED HOME IN BUFFALO RIDGE!!! An upgraded 3 bedrooms, 3 baths and a 3 car garage is ju...	4 beds \| 2 baths \| 2,304 sq.ft.	$419,999	Airbnb cash on cash: 0.77% Traditional cash on cash: 4.31% Airbnb Rental Income: $1334 Traditional Rental Income: $2314 Airbnb ROI: 0.77% Traditional ROI: 4.31%
731 Melton St Cheyenne, WY Tranquil Mylar park is your new backyard. Access to the Greenway from this cheerful home w...	3 beds \| 3 baths \| 2,434 sq.ft.	$439,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 4.61% Airbnb Rental Income: $999 Traditional Rental Income: $2573 Airbnb ROI: -0.08% Traditional ROI: 4.61%
3903 Bevans St Cheyenne, WY Great location for your new home, just off East College Dr & walking distance to the new p...	4 beds \| 2 baths \| 1,917 sq.ft.	$380,000	Airbnb cash on cash: 1% Traditional cash on cash: 4.11% Airbnb Rental Income: $1334 Traditional Rental Income: $2032 Airbnb ROI: 1% Traditional ROI: 4.11%
1616 ROLLINS AVE Cheyenne, WY Handyman Special! Great Price! Make This House a Home! Calling all investors, flippers, an...	3 beds \| 2 baths \| 1,572 sq.ft.	$229,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.72% Airbnb Rental Income: $999 Traditional Rental Income: $1651 Airbnb ROI: 1.07% Traditional ROI: 5.72%
1018 TAFT AVE Cheyenne, WY Introducing this beautifully updated ranch-style home in the highly sought-after Sun Valle...	4 beds \| 2 baths \| 1,920 sq.ft.	$380,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 4.27% Airbnb Rental Income: $1334 Traditional Rental Income: $2101 Airbnb ROI: 0.96% Traditional ROI: 4.27%
3410 Green Ct Cheyenne, WY This duplex has had so much work inside and out. The pride in ownership is evident! The do...	5 beds \| N/A baths \| 2,000 sq.ft.	$440,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 1.69% Airbnb Rental Income: $1334 Traditional Rental Income: $1339 Airbnb ROI: 0.68% Traditional ROI: 1.69%
212 W 4TH AVE Cheyenne, WY Step into timeless elegance with this impeccably maintained 1938 Ranch-Style Tudor, where ...	3 beds \| 2 baths \| 2,168 sq.ft.	$515,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 2.72% Airbnb Rental Income: $999 Traditional Rental Income: $2024 Airbnb ROI: -0.14% Traditional ROI: 2.72%
6907 WILLSHIRE BLVD Cheyenne, WY Very Inviting Ranch-style home updated throughout with great care & style. Finished baseme...	3 beds \| 2 baths \| 2,016 sq.ft.	$375,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 4.8% Airbnb Rental Income: $999 Traditional Rental Income: $2265 Airbnb ROI: 0.19% Traditional ROI: 4.8%
147 AHRENS AVE Cheyenne, WY Welcome to this well-maintained 4-bedroom, 2-bathroom home offering comfort, functionality...	4 beds \| 2 baths \| 1,820 sq.ft.	$327,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 4.08% Airbnb Rental Income: $1334 Traditional Rental Income: $1770 Airbnb ROI: 1.32% Traditional ROI: 4.08%
1839 E Pershing Blvd Cheyenne, WY This charming three bedroom, one bath home features expansive windows and abundant natural...	3 beds \| 1 baths \| 1,454 sq.ft.	$297,500	Airbnb cash on cash: 0.61% Traditional cash on cash: 2.62% Airbnb Rental Income: $999 Traditional Rental Income: $1206 Airbnb ROI: 0.61% Traditional ROI: 2.62%
810 Cahill Dr Cheyenne, WY New paint and new windows in this 1232 SF Home. Picture window in the large living room wi...	4 beds \| 2 baths \| 2,464 sq.ft.	$332,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.07% Airbnb Rental Income: $1334 Traditional Rental Income: $1866 Airbnb ROI: 1.05% Traditional ROI: 4.07%
4918 GLENCOE DR Cheyenne, WY Tucked away on 2.59 acres just north of Dell Range off College Drive, 4918 Glencoe Dr. off...	3 beds \| 2 baths \| 2,584 sq.ft.	$525,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 2.82% Airbnb Rental Income: $999 Traditional Rental Income: $2136 Airbnb ROI: -0.22% Traditional ROI: 2.82%
1513 SUNNY HILL Cheyenne, WY 1513 Sunny Hill, east location close to schools, parks, greenway and dog park. Very well c...	4 beds \| 4 baths \| 2,707 sq.ft.	$490,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 5.34% Airbnb Rental Income: $1334 Traditional Rental Income: $3238 Airbnb ROI: 0.28% Traditional ROI: 5.34%
3718 EDISON AVE Cheyenne, WY Welcome to your dream retreat in the sought-after Thomas Heights neighborhood of Cheyenne,...	3 beds \| 2 baths \| 3,056 sq.ft.	$560,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 2.9% Airbnb Rental Income: $999 Traditional Rental Income: $2419 Airbnb ROI: -0.5% Traditional ROI: 2.9%
2615 EVANS AVE Cheyenne, WY This charming Cheyenne bungalow has so much to offer, with hardwood floors, fresh interior...	5 beds \| 2 baths \| 2,280 sq.ft.	$410,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 0.59% Airbnb Rental Income: $1481 Traditional Rental Income: $896 Airbnb ROI: 0.98% Traditional ROI: 0.59%
229 S HOUSE AVE Cheyenne, WY First time home buyers or investors this is your opportunity to invest in this well-mainta...	3 beds \| 1 baths \| 1,728 sq.ft.	$305,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 4.04% Airbnb Rental Income: $999 Traditional Rental Income: $1680 Airbnb ROI: 0.43% Traditional ROI: 4.04%
1118 Lake Pl Cheyenne, WY Great investment property. 3 bed 2 bath home has a handicap ramp access and one bathroom h...	3 beds \| 2 baths \| 1,288 sq.ft.	$280,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 4.27% Airbnb Rental Income: $999 Traditional Rental Income: $1572 Airbnb ROI: 0.75% Traditional ROI: 4.27%
3327 THOMAS RD Cheyenne, WY Welcome to 3327 Thomas Road in Cheyenne's highly desirable Sunrise Hills neighborhood. Thi...	5 beds \| 3 baths \| 3,016 sq.ft.	$579,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 1.95% Airbnb Rental Income: $1481 Traditional Rental Income: $1958 Airbnb ROI: 0.27% Traditional ROI: 1.95%
1231 Miracle Pkwy Cheyenne, WY Fall in love with this beautiful home in a great North Cheyenne Location. This home has be...	5 beds \| 3 baths \| 4,186 sq.ft.	$680,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 1.95% Airbnb Rental Income: $1481 Traditional Rental Income: $2376 Airbnb ROI: -0.14% Traditional ROI: 1.95%
113 APPLEWOOD CT Cheyenne, WY Nestled in a quiet cul-de-sac in desirable Bel Air Hills just north of Cheyenne, this beau...	4 beds \| 3 baths \| 2,240 sq.ft.	$450,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 3.62% Airbnb Rental Income: $1334 Traditional Rental Income: $2256 Airbnb ROI: 0.46% Traditional ROI: 3.62%
5802 Dakota Dr Cheyenne, WY	3 beds \| 2 baths \| 3,526 sq.ft.	$535,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 1.71% Airbnb Rental Income: $999 Traditional Rental Income: $1671 Airbnb ROI: -0.35% Traditional ROI: 1.71%
7209 HAWTHORNE DR Cheyenne, WY MOTIVATED SELLER- MAKE AN OFFER! Step into this stylish quad-level residence nestled in th...	5 beds \| 4 baths \| 3,241 sq.ft.	$699,900	Airbnb cash on cash: 0% Traditional cash on cash: 3.52% Airbnb Rental Income: $1481 Traditional Rental Income: $3338 Airbnb ROI: 0% Traditional ROI: 3.52%
511 W 6TH ST Cheyenne, WY Rare opportunity to acquire a fully occupied, income-producing fourplex structured as four...	11 beds \| 4 baths \| 3,510 sq.ft.	$799,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 2.3% Airbnb Rental Income: $1481 Traditional Rental Income: $2649 Airbnb ROI: 0.15% Traditional ROI: 2.3%
1626 CROOK AVE Cheyenne, WY A great opportunity awaits! This brick home is waiting for your sweat equity to make it a ...	2 beds \| 1 baths \| 2,380 sq.ft.	$275,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 4.9% Airbnb Rental Income: $712 Traditional Rental Income: $1775 Airbnb ROI: -0.39% Traditional ROI: 4.9%
5417 Frederick Dr Cheyenne, WY Welcome to 5417 Frederick Dr. This charming property offers the perfect blend of comfort, ...	4 beds \| 2 baths \| 3,079 sq.ft.	$460,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.56% Airbnb Rental Income: $1334 Traditional Rental Income: $1879 Airbnb ROI: 0.34% Traditional ROI: 2.56%
4807 Sunset Mountain Rd Cheyenne, WY Introducing a luxurious new construction that epitomizes elegance and sophistication, perf...	4 beds \| 2 baths \| 4,340 sq.ft.	$705,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 2.81% Airbnb Rental Income: $1334 Traditional Rental Income: $2995 Airbnb ROI: -0.34% Traditional ROI: 2.81%
3425 MYERS CT Cheyenne, WY Looking for a solid investment or a place to call home with room to grow? This 3-bedroom, ...	3 beds \| 2 baths \| 2,016 sq.ft.	$229,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 6.07% Airbnb Rental Income: $999 Traditional Rental Income: $1814 Airbnb ROI: 0.69% Traditional ROI: 6.07%
4700 SHELL BEACH AVE Cheyenne, WY Welcome to 4700 Shell Beach Ave, a comfortable home located on Cheyenne's desirable east s...	3 beds \| 2 baths \| 1,769 sq.ft.	$375,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 4.73% Airbnb Rental Income: $999 Traditional Rental Income: $2276 Airbnb ROI: 0.09% Traditional ROI: 4.73%
3456 Road 212 Cheyenne, WY Discover an unparalleled opportunity with this remarkable 460.78-acre development property...	2 beds \| 4 baths \| 1,962 sq.ft.	$2,900,000	Airbnb cash on cash: -0.98% Traditional cash on cash: -0.07% Airbnb Rental Income: $712 Traditional Rental Income: $2864 Airbnb ROI: -0.98% Traditional ROI: -0.07%
4783 COLE PL Cheyenne, WY Welcome to 4783 Cole Place where thoughtful design meets everyday comfort in one of North ...	4 beds \| 2 baths \| 2,146 sq.ft.	$399,000	Airbnb cash on cash: 0.74% Traditional cash on cash: 3.39% Airbnb Rental Income: $1334 Traditional Rental Income: $1913 Airbnb ROI: 0.74% Traditional ROI: 3.39%
1472 Scenic Ridge Dr Cheyenne, WY Lender incentives may be available!! Custom-built home on 10 acres, which includes the adj...	5 beds \| 4 baths \| 4,079 sq.ft.	$949,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 3.35% Airbnb Rental Income: $1481 Traditional Rental Income: $4407 Airbnb ROI: -0.45% Traditional ROI: 3.35%
7513 MAX CT Cheyenne, WY This home features an open floor plan, walkout basement, main floor laundry and much more....	3 beds \| 2 baths \| 3,340 sq.ft.	$549,900	Airbnb cash on cash: -0.55% Traditional cash on cash: 2.47% Airbnb Rental Income: $999 Traditional Rental Income: $2192 Airbnb ROI: -0.55% Traditional ROI: 2.47%
721 ARAPAHO ST Cheyenne, WY Are you looking for a home that says, "I enjoy mature landscaping but also whispers, "I kn...	5 beds \| 2 baths \| 2,494 sq.ft.	$385,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 3.69% Airbnb Rental Income: $1481 Traditional Rental Income: $1987 Airbnb ROI: 1.08% Traditional ROI: 3.69%
265 F QUARTER CIRCLE LOOP Cheyenne, WY A barndominium blends the best of both worlds with rustic charm and modern comfort in one ...	1 beds \| 2 baths \| 1,296 sq.ft.	$535,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 2.69% Airbnb Rental Income: $744 Traditional Rental Income: $2125 Airbnb ROI: -0.7% Traditional ROI: 2.69%

Real Estate investment in Cheyenne, WY

There are 542 properties for sale in the city of Cheyenne . The median list price in Cheyenne is $368,810 and the average price per square foot is $139. In June 2026, the average monthly cash on cash return in Cheyenne is 2.00%. The average monthly rental income in Cheyenne is $1,581.

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

There are 542 investment properties available for sale in Cheyenne.

In 2026, 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 $1,581.

Your search for investment property begins and ends here

Investment Property for Sale in Cheyenne, WY

5210 Windmill Rd

Cheyenne, WY

4 beds | 3 baths | 2,161 sq.ft.

$415,000

Airbnb cash on cash: 0.48%

Traditional cash on cash: 5.84%

Airbnb Rental Income: $1334

Traditional Rental Income: $3008

Airbnb ROI: 0.48%

Traditional ROI: 5.84%

3117 Douglas St

Cheyenne, WY

4 beds | 2 baths | 2,788 sq.ft.

$430,000

Airbnb cash on cash: 0.58%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $1334

Traditional Rental Income: $2097

Airbnb ROI: 0.58%

Traditional ROI: 3.49%

605 E 23rd St

Cheyenne, WY

3 beds | 2 baths | 1,344 sq.ft.

$319,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 1.93%

Airbnb Rental Income: $999

Traditional Rental Income: $1038

Airbnb ROI: 0.61%

Traditional ROI: 1.93%

612 W 27TH ST

Cheyenne, WY

2 beds | 1 baths | 2,184 sq.ft.

$315,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 3.03%

Airbnb Rental Income: $712

Traditional Rental Income: $1403

Airbnb ROI: -0.34%

Traditional ROI: 3.03%

306 E 18TH ST #102

Cheyenne, WY

2 beds | 1 baths | 940 sq.ft.

$204,000

Airbnb cash on cash: 0.22%

Traditional cash on cash: 3.63%

Airbnb Rental Income: $712

Traditional Rental Income: $1064

Airbnb ROI: 0.22%

Traditional ROI: 3.63%

2925 Holly Ct

Cheyenne, WY

4 beds | 2 baths | 1,728 sq.ft.

$339,999

Airbnb cash on cash: 1.32%

Traditional cash on cash: 3.57%

Airbnb Rental Income: $1334

Traditional Rental Income: $1640

Airbnb ROI: 1.32%

Traditional ROI: 3.57%

5028 Greybull Ave

Cheyenne, WY

4 beds | 2 baths | 2,304 sq.ft.

$419,999

Airbnb cash on cash: 0.77%

Traditional cash on cash: 4.31%

Airbnb Rental Income: $1334

Traditional Rental Income: $2314

Airbnb ROI: 0.77%

Traditional ROI: 4.31%

731 Melton St

Cheyenne, WY

3 beds | 3 baths | 2,434 sq.ft.

$439,000

Airbnb cash on cash: -0.08%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $999

Traditional Rental Income: $2573

Airbnb ROI: -0.08%