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
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.	$415,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 3.49% Airbnb Rental Income: $946 Traditional Rental Income: $2097 Airbnb ROI: -0.23% Traditional ROI: 3.49%
605 E 23rd St Cheyenne, WY Pre-inspected for peace of mind! Welcome to this quintessential 1920s bungalow that blends...	3 beds \| 2 baths \| 1,344 sq.ft.	$315,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 1.85% Airbnb Rental Income: $1099 Traditional Rental Income: $1038 Airbnb ROI: 0.82% Traditional ROI: 1.85%
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: 0.36% Traditional cash on cash: 3.63% Airbnb Rental Income: $744 Traditional Rental Income: $1064 Airbnb ROI: 0.36% Traditional ROI: 3.63%
3903 BEVANS ST Cheyenne, WY Looking for your next home? We want to welcome you to have a look at this charming 4 bedro...	4 beds \| 2 baths \| 1,917 sq.ft.	$380,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.88% Airbnb Rental Income: $946 Traditional Rental Income: $2032 Airbnb ROI: -0.14% Traditional ROI: 3.88%
2203 SILVERTON DR Cheyenne, WY Updated ranch in King Addition on a corner cul-de-sac lot! This home offers 1,674 sq ft on...	4 beds \| 3 baths \| 3,334 sq.ft.	$499,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 3.51% Airbnb Rental Income: $946 Traditional Rental Income: $2455 Airbnb ROI: -0.46% Traditional ROI: 3.51%
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.	$364,999	Airbnb cash on cash: 0.09% Traditional cash on cash: 4.41% Airbnb Rental Income: $946 Traditional Rental Income: $2101 Airbnb ROI: 0.09% Traditional ROI: 4.41%
3340 ALEXANDER AVE Cheyenne, WY Charming bungalow offering 3 bedrooms, 2 bathrooms and a detached one-car garage. Enjoy ye...	3 beds \| 2 baths \| 1,536 sq.ft.	$339,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 3.65% Airbnb Rental Income: $1099 Traditional Rental Income: $1653 Airbnb ROI: 0.75% Traditional ROI: 3.65%
3552 CONCORD RD Cheyenne, WY Discover this beautifully well-maintained home located at 3522 Concord Rd, offering incred...	4 beds \| 2 baths \| 1,940 sq.ft.	$345,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 4.63% Airbnb Rental Income: $946 Traditional Rental Income: $2048 Airbnb ROI: 0.16% Traditional ROI: 4.63%
3410 Green Ct Cheyenne, WY Excellent duplex opportunity in a prime location with strong tenant appeal! Conveniently s...	5 beds \| N/A baths \| 2,000 sq.ft.	$420,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 1.69% Airbnb Rental Income: $1592 Traditional Rental Income: $1339 Airbnb ROI: 1.2% 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: 0.03% Traditional cash on cash: 2.72% Airbnb Rental Income: $1099 Traditional Rental Income: $2024 Airbnb ROI: 0.03% 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: 0.42% Traditional cash on cash: 4.8% Airbnb Rental Income: $1099 Traditional Rental Income: $2265 Airbnb ROI: 0.42% 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: 0.27% Traditional cash on cash: 4.08% Airbnb Rental Income: $946 Traditional Rental Income: $1770 Airbnb ROI: 0.27% Traditional ROI: 4.08%
5448 Walker Rd Cheyenne, WY Move-in ready and ideally located in North Cheyenne adjacent to the Airport Golf Course wi...	4 beds \| 2 baths \| 2,160 sq.ft.	$340,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 6.22% Airbnb Rental Income: $946 Traditional Rental Income: $2663 Airbnb ROI: -0.06% Traditional ROI: 6.22%
111 E 17th St Cheyenne, WY Experience the energy of Downtown Cheyenne from this one-of-a-kind loft-style condominium ...	1 beds \| 1 baths \| 1,825 sq.ft.	$439,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 1.7% Airbnb Rental Income: $694 Traditional Rental Income: $1429 Airbnb ROI: -0.83% Traditional ROI: 1.7%
1839 E Pershing Blvd Cheyenne, WY Welcome home to this charming 3-bedroom, 1-bath gem nestled in an established Cheyenne nei...	3 beds \| 1 baths \| 1,447 sq.ft.	$270,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 2.85% Airbnb Rental Income: $1099 Traditional Rental Income: $1272 Airbnb ROI: 0.91% Traditional ROI: 2.85%
810 Cahill Dr Cheyenne, WY Nestled in a well-established neighborhood, this charming property offers a spacious layou...	4 beds \| 2 baths \| 2,464 sq.ft.	$332,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 4.17% Airbnb Rental Income: $946 Traditional Rental Income: $1866 Airbnb ROI: 0.11% Traditional ROI: 4.17%
4918 Glencoe Dr Cheyenne, WY A rare find in Cheyenne! Situated on 2.59 acres with no covenants, this one-of-a-kind prop...	3 beds \| 2 baths \| 2,584 sq.ft.	$525,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 2.82% Airbnb Rental Income: $1099 Traditional Rental Income: $2136 Airbnb ROI: -0.05% Traditional ROI: 2.82%
1513 Sunny Hl Cheyenne, WY 1513 Sunny Hill, east location close to schools, parks, greenway and dog park. Very well c...	4 beds \| 3 baths \| 2,707 sq.ft.	$485,000	Airbnb cash on cash: -0.42% Traditional cash on cash: 5.34% Airbnb Rental Income: $946 Traditional Rental Income: $3238 Airbnb ROI: -0.42% Traditional ROI: 5.34%
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.	$399,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 0.63% Airbnb Rental Income: $1592 Traditional Rental Income: $896 Airbnb ROI: 1.28% Traditional ROI: 0.63%
5921 ATLANTIC DR Cheyenne, WY Welcome to 5921 Atlantic Drive, a beautifully maintained gem with contemporary updates and...	3 beds \| 2 baths \| 1,028 sq.ft.	$320,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 5.02% Airbnb Rental Income: $1099 Traditional Rental Income: $1995 Airbnb ROI: 0.8% Traditional ROI: 5.02%
1118 Lake Pl Cheyenne, WY Fully upgraded and truly move-in ready ranch-style home located on the south side of Cheye...	3 beds \| 2 baths \| 1,288 sq.ft.	$280,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 4.18% Airbnb Rental Income: $1099 Traditional Rental Income: $1572 Airbnb ROI: 0.98% Traditional ROI: 4.18%
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: 0.44% Traditional cash on cash: 1.95% Airbnb Rental Income: $1592 Traditional Rental Income: $1958 Airbnb ROI: 0.44% Traditional ROI: 1.95%
903 CUSTER ST Cheyenne, WY Welcome to 903 Custer Street in Western Hills! Situated on a spacious 0.32-acre corner lot...	4 beds \| 3 baths \| 2,350 sq.ft.	$450,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 3.21% Airbnb Rental Income: $946 Traditional Rental Income: $2109 Airbnb ROI: -0.37% Traditional ROI: 3.21%
3717 RED FEATHER TR Cheyenne, WY Stunning describes this better-than-new four-bedroom home! The bright and open great room ...	4 beds \| 2 baths \| 3,026 sq.ft.	$570,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 2.44% Airbnb Rental Income: $946 Traditional Rental Income: $1958 Airbnb ROI: -0.11% Traditional ROI: 2.44%
1231 MIRACLE PARKWAY Cheyenne, WY Perfection in The Pointe! With just over 4000sqft of finished living space, this exception...	5 beds \| 3 baths \| 4,186 sq.ft.	$680,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 2.05% Airbnb Rental Income: $1592 Traditional Rental Income: $2376 Airbnb ROI: 0.1% Traditional ROI: 2.05%
5802 DAKOTA DR Cheyenne, WY Beautifully updated 3-bedroom, 2-bath home situated on a desirable corner lot with a 3-car...	3 beds \| 2 baths \| 3,526 sq.ft.	$535,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 1.73% Airbnb Rental Income: $1099 Traditional Rental Income: $1671 Airbnb ROI: -0.16% Traditional ROI: 1.73%
7209 Hawthorne Dr Cheyenne, WY MOTIVATED SELLER- MAKE AN OFFER! Step into this stylish quad-level residence nestled in th...	5 beds \| 3 baths \| 3,241 sq.ft.	$649,900	Airbnb cash on cash: 0.16% Traditional cash on cash: 3.58% Airbnb Rental Income: $1592 Traditional Rental Income: $3338 Airbnb ROI: 0.16% Traditional ROI: 3.58%
511 W 6th ST St Cheyenne, WY Rare opportunity to acquire a fully occupied, income-producing fourplex structured as four...	11 beds \| N/A baths \| 3,510 sq.ft.	$799,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 2.3% Airbnb Rental Income: $1592 Traditional Rental Income: $2649 Airbnb ROI: 0.27% 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: -0.28% Traditional cash on cash: 4.9% Airbnb Rental Income: $744 Traditional Rental Income: $1775 Airbnb ROI: -0.28% Traditional ROI: 4.9%
5417 Frederick Dr Cheyenne, WY Updates galore show the love that flows through this beautiful home that has so much to of...	4 beds \| 2 baths \| 3,079 sq.ft.	$449,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 2.77% Airbnb Rental Income: $946 Traditional Rental Income: $1879 Airbnb ROI: -0.26% Traditional ROI: 2.77%
4807 SUNSET MOUNTAIN RD Cheyenne, WY Welcome to 4807 Sunset Mountain Road, the perfect blend of pure elegance and country livin...	4 beds \| 3 baths \| 4,340 sq.ft.	$705,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 2.81% Airbnb Rental Income: $946 Traditional Rental Income: $2995 Airbnb ROI: -0.84% Traditional ROI: 2.81%
506 W 10TH ST Cheyenne, WY Full of character and thoughtfully updated, this home offers the perfect blend of classic ...	3 beds \| 2 baths \| 1,256 sq.ft.	$315,000	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.76% Airbnb Rental Income: $1099 Traditional Rental Income: $1653 Airbnb ROI: 0.63% Traditional ROI: 3.76%
3456 Road 212 Cheyenne, WY Discover an unparalleled opportunity with this remarkable 460.78-acre development property...	2 beds \| 2 baths \| 1,962 sq.ft.	$2,900,000	Airbnb cash on cash: -0.97% Traditional cash on cash: -0.07% Airbnb Rental Income: $744 Traditional Rental Income: $2864 Airbnb ROI: -0.97% Traditional ROI: -0.07%
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: -0.38% Traditional cash on cash: 2.47% Airbnb Rental Income: $1099 Traditional Rental Income: $2192 Airbnb ROI: -0.38% Traditional ROI: 2.47%
713 W 25th St Cheyenne, WY Charming, updated and full of possibility. Welcome to 713 W 25th St., a picture perfect do...	1 beds \| 2 baths \| 1,056 sq.ft.	$255,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 1.87% Airbnb Rental Income: $694 Traditional Rental Income: $884 Airbnb ROI: -0.11% Traditional ROI: 1.87%
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.	$365,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 3.69% Airbnb Rental Income: $1592 Traditional Rental Income: $1987 Airbnb ROI: 1.34% Traditional ROI: 3.69%
6812 Line Ct Cheyenne, WY Step into this stunning 2009 home that feels brand new, thanks to its many high end update...	3 beds \| 3 baths \| 3,070 sq.ft.	$638,500	Airbnb cash on cash: -0.35% Traditional cash on cash: 2.87% Airbnb Rental Income: $1099 Traditional Rental Income: $2646 Airbnb ROI: -0.35% Traditional ROI: 2.87%
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 \| 952 sq.ft.	$195,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 5.59% Airbnb Rental Income: $744 Traditional Rental Income: $1478 Airbnb ROI: 0.21% Traditional ROI: 5.59%
6805 Grand Teton Ct Cheyenne, WY You know that feeling when a home checks all the boxes... and then it's gone? Yeah... this...	5 beds \| 3 baths \| 3,688 sq.ft.	$600,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 2.58% Airbnb Rental Income: $1592 Traditional Rental Income: $2550 Airbnb ROI: 0.16% Traditional ROI: 2.58%

Real Estate investment in Cheyenne, WY

There are 732 properties for sale in the city of Cheyenne . The median list price in Cheyenne is $384,807 and the average price per square foot is $148. In September 2026, the average monthly cash on cash return in Cheyenne is 3.00%. The average monthly rental income in Cheyenne is $2,112.

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

There are 732 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 $1,099.

Your search for investment property begins and ends here

Investment Property for Sale in Cheyenne, WY

3117 Douglas St

Cheyenne, WY

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

$415,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $946

Traditional Rental Income: $2097

Airbnb ROI: -0.23%

Traditional ROI: 3.49%

605 E 23rd St

Cheyenne, WY

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

$315,000

Airbnb cash on cash: 0.82%

Traditional cash on cash: 1.85%

Airbnb Rental Income: $1099

Traditional Rental Income: $1038

Airbnb ROI: 0.82%

Traditional ROI: 1.85%

306 E 18th St #102

Cheyenne, WY

2 beds | 1 baths | 940 sq.ft.

$204,000

Airbnb cash on cash: 0.36%

Traditional cash on cash: 3.63%

Airbnb Rental Income: $744

Traditional Rental Income: $1064

Airbnb ROI: 0.36%

Traditional ROI: 3.63%

3903 BEVANS ST

Cheyenne, WY

4 beds | 2 baths | 1,917 sq.ft.

$380,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 3.88%

Airbnb Rental Income: $946

Traditional Rental Income: $2032

Airbnb ROI: -0.14%

Traditional ROI: 3.88%

2203 SILVERTON DR

Cheyenne, WY

4 beds | 3 baths | 3,334 sq.ft.

$499,000

Airbnb cash on cash: -0.46%

Traditional cash on cash: 3.51%

Airbnb Rental Income: $946

Traditional Rental Income: $2455

Airbnb ROI: -0.46%

Traditional ROI: 3.51%

1018 Taft Ave

Cheyenne, WY

4 beds | 2 baths | 1,920 sq.ft.

$364,999

Airbnb cash on cash: 0.09%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $946

Traditional Rental Income: $2101

Airbnb ROI: 0.09%

Traditional ROI: 4.41%

3340 ALEXANDER AVE

Cheyenne, WY

3 beds | 2 baths | 1,536 sq.ft.

$339,900

Airbnb cash on cash: 0.75%

Traditional cash on cash: 3.65%

Airbnb Rental Income: $1099

Traditional Rental Income: $1653

Airbnb ROI: 0.75%

Traditional ROI: 3.65%

3552 CONCORD RD

Cheyenne, WY

4 beds | 2 baths | 1,940 sq.ft.

$345,000

Airbnb cash on cash: 0.16%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $946

Traditional Rental Income: $2048

Airbnb ROI: 0.16%