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511 W 6th St, 
Cheyenne, WY 82007

$799,000


Bed


Bath


3,510

Sq Ft


Multi-Family

Active

Listed by

Nikki Dishneau

eXp Realty, LLC.

866-873-0565

Last updated:

May 11, 2026, 09:59 PM

MLS#

100645

Source:

WY CBOR

About This Home

511 W 6th St

Rare opportunity to acquire a fully occupied, income-producing fourplex structured as four individually titled condominiums a setup that gives the buyer flexibility no standard fourplex can offer: hold all four, sell units individually to recoup equity, or finance each separately. All four leases run through August 31, 2026, providing guaranteed, predictable cash flow from day one. At lease renewal (September 1, 2026), rents are projected to increase: unit 513 from $1,300 to $1,400, and units 515/517 from $1,100 to $1,250, bringing total projected gross income to $63,600/year. HOA (Stanfield Addition B3L1 Condominium Association) is $300/month for 3BR units and $280/month for the 2BR unit. HOA covers building insurance, water, sewer, trash, reserve fund, and all exterior maintenance significantly simplifying the landlord role. The buyer becomes the sole board member of the association and has full control over dues and how they are spent. Seller has invested approximately $60,000 in improvements since the October 2024 purchase, including: two new furnaces and four AC coils (all units); full electrical upgrades by licensed electricians including 14 GFCIs, panel replacement, and exterior light fixtures; complete site regrading and French drain installation; new 4-bay concrete parking pad; smoke alarms, CO detectors, and fire extinguishers in all units; new bedroom window in unit 511; all exterior wall imperfections patched and sealed; and mailbox structure rebuilt. Rear vinyl siding on the 511/513 building to be replaced imminently by seller. Remaining siding replacement to be completed by end of 2026, funded entirely from the HOA reserve fund no special assessment will be levied against the new owner. Bank appraisal of $900,000. All governing documents (Declaration, Bylaws, Rules & Regulations) available upon request.

Home Facts

Multi-Family

Built in 1972

Price Summary

799,000

$227 per Sq. Ft.

MLS #:

100645

Last Updated:

May 11, 2026, 09:59 PM

Added:

15 day(s) ago


Rooms & Interior

Interior

Living Area:

3,510 Sq. Ft.


Structure

Structure

Building Area:

3,510 Sq. Ft.

Year Built:

1972


Lot

Lot Size (Sq. Ft):

12,196


Finances & Disclosures

Finances

Price:

$799,000

Price per Sq. Ft:

$227 per Sq. Ft.

Source:WY CBOR
Copyright 2026Northeast Florida Multiple Listing Service, Inc. All rights reserved.” • “© 2026Northeast Florida Multiple Listing Service, Inc. All rights reserved. Information deemed reliable but not guaranteed.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.