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%
4704 VAN BUREN AVE Cheyenne, WY Discover over 2,700 sq ft of beautifully finished living space in this stunning townhome l...	4 beds \| 4 baths \| N/A	$399,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 5.41% Airbnb Rental Income: $815 Traditional Rental Income: $2700 Airbnb ROI: -0.49% Traditional ROI: 5.41%
306 E 18TH ST #102 Cheyenne, WY Beautifully updated Downtown Condominium conveniently located within steps of Coffee, Shop...	2 beds \| 1 baths \| N/A	$224,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 3.22% Airbnb Rental Income: $714 Traditional Rental Income: $1064 Airbnb ROI: 0.12% Traditional ROI: 3.22%
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: -0.57% Traditional cash on cash: 6.26% Airbnb Rental Income: $815 Traditional Rental Income: $3449 Airbnb ROI: -0.57% Traditional ROI: 6.26%
615 APRICOT ST Cheyenne, WY Welcome to your single-level slice of sunshine on the south side! This 3-bedroom, 2-bath r...	3 beds \| 2 baths \| N/A	$360,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 4.98% Airbnb Rental Income: $1163 Traditional Rental Income: $2291 Airbnb ROI: 0.51% Traditional ROI: 4.98%
212 E 25TH ST Cheyenne, WY Beautifully restored 1901 Victorian in the heart of downtown Cheyenne, just a block and ha...	3 beds \| 2 baths \| N/A	$467,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 0.66% Airbnb Rental Income: $1163 Traditional Rental Income: $932 Airbnb ROI: 0.31% Traditional ROI: 0.66%
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	$297,500	Airbnb cash on cash: -0.4% Traditional cash on cash: 4.25% Airbnb Rental Income: $714 Traditional Rental Income: $1707 Airbnb ROI: -0.4% Traditional ROI: 4.25%
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	$749,900	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.22% Airbnb Rental Income: $1458 Traditional Rental Income: $3338 Airbnb ROI: -0.09% Traditional ROI: 3.22%
4700 SHELL BEACH AVE Cheyenne, WY Welcome to 4700 Shell Beach Ave, a comfortable home located on Cheyenneâs desirable east...	3 beds \| 2 baths \| N/A	$375,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.73% Airbnb Rental Income: $1163 Traditional Rental Income: $2276 Airbnb ROI: 0.48% Traditional ROI: 4.73%
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: -0.53% Traditional cash on cash: 2.88% Airbnb Rental Income: $1458 Traditional Rental Income: $4407 Airbnb ROI: -0.53% 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	$355,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 4.65% Airbnb Rental Income: $1458 Traditional Rental Income: $2233 Airbnb ROI: 1.03% Traditional ROI: 4.65%
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: -0.35% Traditional cash on cash: 4.22% Airbnb Rental Income: $815 Traditional Rental Income: $2204 Airbnb ROI: -0.35% 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: 0.32% Traditional cash on cash: 2.5% Airbnb Rental Income: $1458 Traditional Rental Income: $2052 Airbnb ROI: 0.32% Traditional ROI: 2.5%
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: 0.47% Traditional cash on cash: 2.26% Airbnb Rental Income: $1163 Traditional Rental Income: $1410 Airbnb ROI: 0.47% 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: 0.36% Traditional cash on cash: 1.15% Airbnb Rental Income: $1163 Traditional Rental Income: $1082 Airbnb ROI: 0.36% 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: 0.85% Traditional cash on cash: 5.23% Airbnb Rental Income: $1163 Traditional Rental Income: $1997 Airbnb ROI: 0.85% Traditional ROI: 5.23%
828 SUN VALLEY DR Cheyenne, WY New roof! This home features original mid-century modern accents, hardwood flooring plus f...	3 beds \| 2 baths \| N/A	$330,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 3.37% Airbnb Rental Income: $1163 Traditional Rental Income: $1613 Airbnb ROI: 0.69% Traditional ROI: 3.37%
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	$490,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 3.59% Airbnb Rental Income: $815 Traditional Rental Income: $2395 Airbnb ROI: -0.57% Traditional ROI: 3.59%
1720 MAROON DR Cheyenne, WY SPACIOUS 5-BEDROOM HOME IN A FANTASTIC NEIGHBORHOOD! Welcome to Sunrise Estates. This beau...	5 beds \| 4 baths \| N/A	$415,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 3.05% Airbnb Rental Income: $1458 Traditional Rental Income: $1890 Airbnb ROI: 0.83% Traditional ROI: 3.05%
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	$575,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 2.43% Airbnb Rental Income: $677 Traditional Rental Income: $2125 Airbnb ROI: -0.83% Traditional ROI: 2.43%
5620 SUNSET DR Cheyenne, WY Charming 4 bed 2 bath home with huge 2 car garage and 4 car driveway that fits a 30 foot c...	4 beds \| 2 baths \| N/A	$350,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 2.67% Airbnb Rental Income: $815 Traditional Rental Income: $1411 Airbnb ROI: -0.14% Traditional ROI: 2.67%
509 BENT AVE Cheyenne, WY Co Living Investment Property \| Cash Flow from Day One \| Turnkey Multi Family Rental Look...	N/A beds \| 3 baths \| N/A	$650,000	Airbnb cash on cash: -1.42% Traditional cash on cash: 1.78% Airbnb Rental Income: $514 Traditional Rental Income: $2177 Airbnb ROI: -1.42% Traditional ROI: 1.78%
724 E POWELL RD Cheyenne, WY Welcome home to this well laid out country home on a close in rural 2.71 acre lot! Featur...	3 beds \| 2 baths \| N/A	$589,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 1.69% Airbnb Rental Income: $1163 Traditional Rental Income: $1753 Airbnb ROI: -0.08% Traditional ROI: 1.69%
1532 TRENT CT Cheyenne, WY Come check out this cute condo! VA, cash or conventional financing.	2 beds \| 1 baths \| N/A	$215,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 5.27% Airbnb Rental Income: $714 Traditional Rental Income: $1446 Airbnb ROI: 0.16% Traditional ROI: 5.27%

Real Estate investment in Cheyenne, WY

There are 94 properties for sale in the city of Cheyenne . The median list price in Cheyenne is $390,000 and the average price per square foot is $168. In December 2025, the average monthly cash on cash return in Cheyenne is 3.00%. The average monthly rental income in Cheyenne is $1,890.

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

There are 94 investment properties available for sale in Cheyenne.

In 2025, 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%

4704 VAN BUREN AVE

Cheyenne, WY

4 beds | 4 baths | N/A

$399,900

Airbnb cash on cash: -0.49%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $815

Traditional Rental Income: $2700

Airbnb ROI: -0.49%

Traditional ROI: 5.41%

306 E 18TH ST #102

Cheyenne, WY

2 beds | 1 baths | N/A

$224,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $714

Traditional Rental Income: $1064

Airbnb ROI: 0.12%

Traditional ROI: 3.22%

1210 CONCERTO LN

Cheyenne, WY

4 beds | 4 baths | N/A

$463,000

Airbnb cash on cash: -0.57%

Traditional cash on cash: 6.26%

Airbnb Rental Income: $815

Traditional Rental Income: $3449

Airbnb ROI: -0.57%

Traditional ROI: 6.26%

615 APRICOT ST

Cheyenne, WY

3 beds | 2 baths | N/A

$360,000

Airbnb cash on cash: 0.51%

Traditional cash on cash: 4.98%

Airbnb Rental Income: $1163

Traditional Rental Income: $2291

Airbnb ROI: 0.51%

Traditional ROI: 4.98%

212 E 25TH ST

Cheyenne, WY

3 beds | 2 baths | N/A

$467,000

Airbnb cash on cash: 0.31%

Traditional cash on cash: 0.66%

Airbnb Rental Income: $1163

Traditional Rental Income: $932

Airbnb ROI: 0.31%

Traditional ROI: 0.66%

302 ABBY RD

Cheyenne, WY

2 beds | 2 baths | N/A

$297,500

Airbnb cash on cash: -0.4%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $714

Traditional Rental Income: $1707

Airbnb ROI: -0.4%

Traditional ROI: 4.25%

7209 HAWTHORNE DR

Cheyenne, WY

5 beds | 4 baths | N/A

$749,900

Airbnb cash on cash: -0.09%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $1458

Traditional Rental Income: $3338

Airbnb ROI: -0.09%