Tucked against a lush hillside in the heart of Alpine, this four-unit residential complex offers a rare combination of turn-key condition, strong rental fundamentals, and a setting that belies its investment profile. The collection comprises three - 3 bedroom, 2.5 bath townhomes and one - 2 bedroom, 1.5 bath townhome, each individually titled and metered . Whether held as a unified investment portfolio, retained as a long-term rental asset, or sold as individual residences over time, the options are wide-ranging. Clean board and batten siding, coordinated finishes, and a well-maintained parking court give the property a cohesion and curb appeal that stands apart from the typical multi-family offering. Inside, the material choices reflect a commitment to quality. Leather-finished granite countertops anchor kitchens appointed with alder wood cabinetry. Vinyl plank flooring runs through the main living areas, while carpeting in the bedrooms creates a quiet retreat. Every unit is fully equipped with a stackable washer and dryer, dishwasher, microwave, range, and refrigerator. Three of the four units include a heated single-car garage with water hook-up, floor drain, and automatic opener. Public water and sewer service eliminate the maintenance variables that come with private systems, keeping operating costs predictable and investor-friendly. Alpine is having its moment. As buyers and investors increasingly look for value, quality, and a quieter pace of mountain life, opportunities like this are precisely what the market is reaching for. A - 3 BR / 2.5 BA - 1,396 sq. ft. B - 3 BR / 2.5 BA - 1,396 sq. ft. C - 2 BR / 1.5 BA - 1,064 sq. ft. D - 3 BR / 2.5 BA - 1,396 sq. ft.
Multi-familyProperty Type
2023Year Built
9,147 sq ftLot Size
$486Price/Sq.Ft.
3 car garageParking
Listed by Meghan Bell Leidy• JH Sotheby's International
ALPINE'S NEWEST TOWNHOMES 3 x 3 bedroom 2.5 bath homes and one with 2 bedrooms 1.5 baths. Each complete with stackable washer/dryer, dishwasher, microwave, range, and refrigerator. Beautiful granite, leather finished, counter tops and alder wood cabinets with ''soft-close'' feature. Main living area has vinyl-plank flooring and the bedrooms are carpeted. Three units have a heated, 1-car garage, with water hook-up, floor drain, and garage door opener. Public water and sewer. Each unit 'Titled' and metered individually, so can be sold separately. NO CC & r's, or HOA fees.
TBOR #22-759
Dec 26, 2022
Sold
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Apr 14, 2022
Listed
$265,000
$50/sq ft
Commercial Lot in Alpine! Located in the Town of Alpine . Paved Road, Fiber Optics to Lot. Public Water and Sewer. Flat easy ready to build! Just 35 miles from Jackson Hole.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Vacant Land
County
Lincoln County
APN
37182930902600
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Last updated by owner on Oct 21, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
8 days above 87° expected this year, 21 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Alpine, WY • 83128
Average low and high temperatures (°F)
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8
35
18
46
26
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29
63
37
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43
83
51
79
48
71
42
58
32
42
23
33
21
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Sun exposure
73/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
3.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 161 Alpine Dr
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