New investors and seasoned alike can appreciate this investment opportunity. This cute duplex has flexibility to owner occupy if you'd like to live for FREE. The upper unit has two bedroom and two bathrooms. The lower has one bedroom and one bathroom. Projected potential 7.5% cash on cash return for an investor with a loan and 20% down or get paid a few hundred dollars per month to live for FREE in the lower unit with as little as 3.5% down!
Multi-familyProperty Type
1919Year Built
3,485 sq ftLot Size
$226Est. Price/Sq.Ft.
Listed by James Bowers• Coldwell Banker, The Property Exchange
Good location, separate entries, corner lot, fenced back, nice interior floor plans, sold "As Is". Unit #1: LR 11x12, K 13x9, BR 13x10, 2nd BR up 16x9 with washer and dryer closet plus 3/4 bath. Nice amount of kitchen cabinets, tiled kitchen, wood floors in good condition. Main floor unit has 2 baths, larger kitchen and living room, plus unique and cute floor plan. Unit #2: K 13x10, LR 12x10, BR 10x7.5, bath fully tiled, kitchen tiled, no washer/dryer. Garage: 1 car. Both heat stoves 4 years old.
Public Records
Aug 23, 2012
Sold
—
Public Records
Feb 5, 2009
Sold
—
Public Records
Oct 2, 2000
Sold
—
Year
Property tax
Land + Additions
Assessment*
2025
$1,080 (−22.6%)
$2,981 + $18,129
$21,110
2024
$1,396 (+3.4%)
$2,236 + $13,074
$15,310
2023
$1,350 (+13.5%)
$2,981 + $16,762
$19,743
2022
$1,190 (+11.4%)
$2,981 + $16,117
$19,098
2021
$1,068 (+4.0%)
$2,981 + $13,502
$16,483
2020
$1,026 (−4.0%)
$2,981 + $11,246
$14,227
2019
$1,070 (+11.4%)
$2,981 + $11,246
$14,227
2018
$960 (+6.7%)
$2,981 + $11,832
$14,813
2017
$899 (+5.9%)
$2,471 + $9,990
$12,461
2016
$849 (+0.5%)
$2,471 + $9,990
$12,461
2015
$845 (+7.0%)
$2,294 + $9,467
$11,761
2014
$790
$2,294 + $8,576
$10,870
Tax history for 2520 Reed Ave Ave
Year
Property tax
Land + Additions
Assessment*
2025
$1,080 (−22.6%)
$2,981 + $18,129
$21,110
2024
$1,396 (+3.4%)
$2,236 + $13,074
$15,310
2023
$1,350 (+13.5%)
$2,981 + $16,762
$19,743
2022
$1,190 (+11.4%)
$2,981 + $16,117
$19,098
2021
$1,068 (+4.0%)
$2,981 + $13,502
$16,483
2020
$1,026 (−4.0%)
$2,981 + $11,246
$14,227
2019
$1,070 (+11.4%)
$2,981 + $11,246
$14,227
2018
$960 (+6.7%)
$2,981 + $11,832
$14,813
2017
$899 (+5.9%)
$2,471 + $9,990
$12,461
2016
$849 (+0.5%)
$2,471 + $9,990
$12,461
2015
$845 (+7.0%)
$2,294 + $9,467
$11,761
2014
$790
$2,294 + $8,576
$10,870
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
3,432 Sq. Ft.
Year renovated
—
Sq. Ft.
1,096
Year built
1919
Style
Single Family Residential
County
Laramie County
APN
11001010100011
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
MR
Medium-density Residential District
The MR District is intended for a mix of density and dwelling types within a neighborhood. All uses require full access to public infrastructure and city services. The regulations are designed to protect the neighborhood character of the district and protect the primarily residential use of land.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Interior
Interior Features
Appliances: Range, Oven, Refrigerator
Exterior
Exterior Features
Fencing: Fenced
Building Information
Construction Materials: Frame
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Raw Mls Property Sub Type: Duplex
Lot Information
Lot Size : 3432
Lot Size Acres: 0.08
Financial
Tax Information
Tax Annual Amount: $1,026.34
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Unit Type 1 Information
Type: 2 Bedroom
# of Bedrooms: 2
# of Bathrooms: 2
Sq.Ft. Total: 738
Actual Rent: $1,195
Unit Type 2 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Sq.Ft. Total: 548
Location Information
Subdivision Name: CITY OF CHEYENNE
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 1,096
Stories: 1.0
Lot Size: 3,432 square feet
Style: Single Family Residential
Year Built: 1919
Year Renovated: —
County: Laramie County
APN: 11001010100011
Home facts updated by county records on Jul 15, 2026
Around this home
Schools
Pioneer Park Elementary School
Public PreK-6 • Assigned • 0.6mi
7/10
McCormick Junior High School
Public 7-8 • Assigned • 2.5mi
6/10
Central High School
Public 9-12 • Assigned • 2.3mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
8% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 88° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Cheyenne, WY • 82001
Average low and high temperatures (°F)
37
17
45
22
57
33
58
33
66
42
78
51
83
57
80
56
76
49
64
39
51
29
49
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 5.6 hours in December, placing it above the
U.S. average for solar exposure.
10.1 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$277,000 – $335,000
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