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 Updated 3-bedroom, 2-bathroom home on a spacious corner lot with a pull-through circle dri...	3 beds \| 2 baths \| N/A	$339,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.75% Airbnb Rental Income: $1163 Traditional Rental Income: $1745 Airbnb ROI: 0.72% Traditional ROI: 3.75%
306 E 18TH ST #102 Cheyenne, WY Enjoy Downtown living in this great updated Condo. Only 5 stairs to Unit No. 1 that has th...	2 beds \| 1 baths \| N/A	$219,500	Airbnb cash on cash: 0.14% Traditional cash on cash: 3.31% Airbnb Rental Income: $714 Traditional Rental Income: $1064 Airbnb ROI: 0.14% Traditional ROI: 3.31%
147 AHRENS AVE Cheyenne, WY Welcome to this beautifully maintained 4-bedroom home that combines classic charm with mod...	4 beds \| 2 baths \| N/A	$332,500	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.99% Airbnb Rental Income: $815 Traditional Rental Income: $1770 Airbnb ROI: -0.1% Traditional ROI: 3.99%
445 MCCOMB AVE Cheyenne, WY Welcome to this cozy 3-bedroom, 1-bath home perfect for first time buyers or investors! En...	3 beds \| 1 baths \| N/A	$260,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 5.17% Airbnb Rental Income: $1163 Traditional Rental Income: $1703 Airbnb ROI: 1.41% Traditional ROI: 5.17%
7209 HAWTHORNE DR Cheyenne, WY Step into this stylish quad-level residence nestled the coveted Western Hills area. This h...	5 beds \| 4 baths \| N/A	$724,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.36% Airbnb Rental Income: $1458 Traditional Rental Income: $3338 Airbnb ROI: -0.06% Traditional ROI: 3.36%
511 W 6TH ST Cheyenne, WY Donât miss this incredible opportunity to own a fully renovated, budget-friendly home! H...	3 beds \| 1 baths \| N/A	$205,000	Airbnb cash on cash: 2.02% Traditional cash on cash: 11.63% Airbnb Rental Income: $1163 Traditional Rental Income: $2649 Airbnb ROI: 2.02% Traditional ROI: 11.63%
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 \| N/A	$239,900	Airbnb cash on cash: -0.2% Traditional cash on cash: 5.78% Airbnb Rental Income: $775 Traditional Rental Income: $1814 Airbnb ROI: -0.2% Traditional ROI: 5.78%
3456 Road 212 Cheyenne, WY Discover an unparalleled opportunity with this remarkable 460.78-acre development property...	2 beds \| 4 baths \| N/A	$2,900,000	Airbnb cash on cash: -0.98% Traditional cash on cash: -0.07% Airbnb Rental Income: $714 Traditional Rental Income: $2864 Airbnb ROI: -0.98% Traditional ROI: -0.07%
517 W 6TH ST Cheyenne, WY Donât miss this incredible opportunity to own a fully renovated, budget-friendly home! H...	2 beds \| 1 baths \| N/A	$180,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.56% Airbnb Rental Income: $714 Traditional Rental Income: $1142 Airbnb ROI: 0.26% Traditional ROI: 4.56%
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: 0.32% Traditional cash on cash: 2.5% Airbnb Rental Income: $1458 Traditional Rental Income: $2052 Airbnb ROI: 0.32% Traditional ROI: 2.5%
5120 SYRACUSE RD Cheyenne, WY Charming brick ranch style home in Indian Hills. Four bed, four bath, meticulously upgrad...	4 beds \| 4 baths \| N/A	$459,900	Airbnb cash on cash: -0.54% Traditional cash on cash: 3.88% Airbnb Rental Income: $815 Traditional Rental Income: $2395 Airbnb ROI: -0.54% Traditional ROI: 3.88%
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 \| N/A	$562,500	Airbnb cash on cash: -0.82% Traditional cash on cash: 2.51% Airbnb Rental Income: $677 Traditional Rental Income: $2125 Airbnb ROI: -0.82% Traditional ROI: 2.51%
5348 SULLIVAN ST Cheyenne, WY Welcome to your dream home in the highly sought-after Whitney Ranch community! This gorgeo...	3 beds \| 3 baths \| N/A	$724,900	Airbnb cash on cash: -0.48% Traditional cash on cash: 1.07% Airbnb Rental Income: $1163 Traditional Rental Income: $1823 Airbnb ROI: -0.48% Traditional ROI: 1.07%
6231 KEMP HILL DR Cheyenne, WY Live your best life in this spectacular custom three-bedroom, three-bathroom home that fee...	3 beds \| 3 baths \| N/A	$679,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 2.98% Airbnb Rental Income: $1163 Traditional Rental Income: $2804 Airbnb ROI: -0.21% Traditional ROI: 2.98%
3319 MYERS CT Cheyenne, WY Come and check out your next home. Certainly located with a large privacy fenced backyard...	2 beds \| 1 baths \| N/A	$287,500	Airbnb cash on cash: -0.04% Traditional cash on cash: 2.48% Airbnb Rental Income: $714 Traditional Rental Income: $1090 Airbnb ROI: -0.04% Traditional ROI: 2.48%
247 MILLER LN Cheyenne, WY Beautifully updated condo ready for you to call your own. This is a lower unit, garden lev...	2 beds \| 1 baths \| N/A	$225,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 5.02% Airbnb Rental Income: $714 Traditional Rental Income: $1478 Airbnb ROI: -0.01% Traditional ROI: 5.02%
6715 FAIRFIELD CT Cheyenne, WY This desirable bi-level home features 4 bedrooms, 2 bathrooms, and a 2-car garage in a pea...	4 beds \| 2 baths \| N/A	$419,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 2.84% Airbnb Rental Income: $815 Traditional Rental Income: $1754 Airbnb ROI: -0.38% Traditional ROI: 2.84%
4700 KING ARTHUR WY Cheyenne, WY Welcome to this wonderfully layered tri-level home tucked on a charming corner lot in a hi...	3 beds \| 2 baths \| N/A	$365,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.32% Airbnb Rental Income: $1163 Traditional Rental Income: $2094 Airbnb ROI: 0.48% Traditional ROI: 4.32%
6805 GRAND TETON CT Cheyenne, WY Welcome to your new âwhy-didnât-we-move-soonerâ home in one of Cheyenneâs most des...	5 beds \| 3 baths \| N/A	$626,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 2.58% Airbnb Rental Income: $1458 Traditional Rental Income: $2550 Airbnb ROI: -0.03% Traditional ROI: 2.58%
2621 E 10TH ST Cheyenne, WY 2621 E 10th St is the kind of home that instantly makes you slow down and stay awhile. Fro...	4 beds \| 2 baths \| N/A	$380,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.45% Airbnb Rental Income: $815 Traditional Rental Income: $1481 Airbnb ROI: -0.33% Traditional ROI: 2.45%
4068 SADDLEBACK LN Cheyenne, WY This newly built home offers a clean design and efficient single-level living. This home h...	2 beds \| 2 baths \| N/A	$549,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 1.29% Airbnb Rental Income: $714 Traditional Rental Income: $1279 Airbnb ROI: -0.41% Traditional ROI: 1.29%

Real Estate investment in Cheyenne, WY

There are 92 properties for sale in the city of Cheyenne . The median list price in Cheyenne is $340,000 and the average price per square foot is $438. In March 2026, the average monthly cash on cash return in Cheyenne is 4.00%. The average monthly rental income in Cheyenne is $1,777.

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

There are 92 investment properties available for sale in Cheyenne.

In 2026, the best neighborhood to buy investment property is Cheyenne.

The ROI for Short-Term is higher than the Long-Term in Cheyenne with average rental income of $1,163.

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

$339,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 3.75%

Airbnb Rental Income: $1163

Traditional Rental Income: $1745

Airbnb ROI: 0.72%

Traditional ROI: 3.75%

306 E 18TH ST #102

Cheyenne, WY

2 beds | 1 baths | N/A

$219,500

Airbnb cash on cash: 0.14%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $714

Traditional Rental Income: $1064

Airbnb ROI: 0.14%

Traditional ROI: 3.31%

147 AHRENS AVE

Cheyenne, WY

4 beds | 2 baths | N/A

$332,500

Airbnb cash on cash: -0.1%

Traditional cash on cash: 3.99%

Airbnb Rental Income: $815

Traditional Rental Income: $1770

Airbnb ROI: -0.1%

Traditional ROI: 3.99%

445 MCCOMB AVE

Cheyenne, WY

3 beds | 1 baths | N/A

$260,000

Airbnb cash on cash: 1.41%

Traditional cash on cash: 5.17%

Airbnb Rental Income: $1163

Traditional Rental Income: $1703

Airbnb ROI: 1.41%

Traditional ROI: 5.17%

7209 HAWTHORNE DR

Cheyenne, WY

5 beds | 4 baths | N/A

$724,900

Airbnb cash on cash: -0.06%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1458

Traditional Rental Income: $3338

Airbnb ROI: -0.06%

Traditional ROI: 3.36%

511 W 6TH ST

Cheyenne, WY

3 beds | 1 baths | N/A

$205,000

Airbnb cash on cash: 2.02%

Traditional cash on cash: 11.63%

Airbnb Rental Income: $1163

Traditional Rental Income: $2649

Airbnb ROI: 2.02%

Traditional ROI: 11.63%

3425 MYERS CT

Cheyenne, WY

3 beds | 2 baths | N/A

$239,900

Airbnb cash on cash: -0.2%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $775

Traditional Rental Income: $1814

Airbnb ROI: -0.2%

Traditional ROI: 5.78%

3456 Road 212

Cheyenne, WY

2 beds | 4 baths | N/A

$2,900,000

Airbnb cash on cash: -0.98%

Traditional cash on cash: -0.07%

Airbnb Rental Income: $714

Traditional Rental Income: $2864

Airbnb ROI: -0.98%