Step into a seamless investment opportunity with this stunning 5-bedroom, 2-bathroom property being sold as a fully furnished, operational short-term rental business. This property was renovated as a duplex with flexible use as a single property that perfectly bridges timeless charm with modern luxury, retaining its original 1928 hardwood floors alongside a fresh, Western-inspired design. Centrally located in the heart of Cheyenne, the property is strategically positioned just minutes from major local hubs and high-demand destinations, including F. E. Warren Air Force Base, Cheyenne Regional Medical Center, State Capitol, and Frontier Park. Put together with premium comfort, fun, and convenience in mind, this property is engineered for high guest satisfaction, steady occupancy, and maximum rental yield. The main floor boasts bright, inviting spaces flooded with natural light, featuring three thoughtfully furnished bedrooms - a bright King room, a serene Queen room, and a cheerful Twin room - all outfitted with premium bedding, room-darkening curtains, and memory foam mattresses to ensure restful nights. Guests can channel their inner chef in the fully equipped kitchen, which features premium Cangshan knives and a sunny breakfast nook perfect for morning coffee. The entertainment continues downstairs in the ultimate lower-level hangout, where a quintessential game room features a pool table, classic arcade games like Pacman and Atari, a board game collection, a cozy TV lounge, and a convenient kitchenette for quick snacks and drinks. Two additional bedrooms (one King and one Queen), a second full bathroom, and a large-capacity washer and dryer round out the lower level, making the space ideal for large groups and effortless extended stays. The experience extends into the spacious, fully fenced backyard, which serves as a major guest draw thanks to its private mini-golf putting green. Complete with an outdoor dining table and a premium lounging set, the outdoor oasis is custom - built for relaxing and enjoying the fresh Wyoming air. From the high-end kitchen amenities down to the arcade machines and putting green turf, everything transfers with the sale. This is a rare, truly turnkey opportunity to acquire a refined, high-performing asset in a prime Cheyenne location!
Single-familyProperty Type
1928Year Built
6,970 sq ftLot Size
$194Price/Sq.Ft.
1 car garageParking
Listed by James Bowers• Coldwell Banker, The Property Exchange
Bought with Ashlee Martindale• Coldwell Banker, The Property Exchange
Est. $2,377 per month, based on comparable rentals
Sale and tax history for 3020 Reed Ave
Sale History
Tax History
Date
Event
Price
Public Records
Aug 4, 2026
Sold
—
CBR #100797
Aug 3, 2026
Sold
—
May 27, 2026
Pending
—
May 13, 2026
Listed
$514,999
$194/sq ft
CBR #94511
Oct 11, 2024
Sold
—
Sep 12, 2024
Pending
—
Aug 20, 2024
Listed
$449,900
$170/sq ft
+23
This beautifully updated residence offers the perfect blend of modern convenience and timeless charm. Featuring 5 bedrooms and 2 bathrooms, this home is designed to accommodate your every need. Step inside to discover gleaming hardwood floors that extend throughout the main living areas, adding warmth and elegance to the space. The heart of the home is the bright and airy kitchen, complete with brand-new stainless steel appliances that make cooking a joy. The basement of this home features 2 additional bedrooms and a second kitchen area that's ready for you to add your preferred appliances. This versatile space offers incredible potential for multigenerational living, or could be transformed into a separate living unit for rental income or guest accommodations.
Public Records
Aug 7, 2023
Sold
—
Public Records
Aug 7, 2023
Sold
—
Public Records
Jan 21, 2020
Sold
—
Year
Property tax
Land + Additions
Assessment*
2025
$2,274 (−25.2%)
$3,710 + $39,792
$43,502
2024
$3,040 (+12.4%)
$2,782 + $29,454
$32,236
2023
$2,705 (+15.2%)
$3,710 + $39,280
$42,990
2022
$2,348 (+12.7%)
$3,710 + $34,540
$38,250
2021
$2,084 (+12.5%)
$3,710 + $28,825
$32,535
2020
$1,853 (+3.0%)
$3,710 + $21,970
$25,680
2019
$1,798 (+26.0%)
$3,710 + $21,970
$25,680
2018
$1,427 (+7.8%)
$3,710 + $21,193
$24,903
2017
$1,324 (+6.4%)
$3,064 + $15,280
$18,344
2016
$1,244 (+1.0%)
$3,064 + $15,280
$18,344
2015
$1,232 (−12.8%)
$2,803 + $14,440
$17,243
2014
$1,413
$2,803 + $16,638
$19,441
Public record
Public record
Zoning
Beds
—
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,000 Sq. Ft.
Year renovated
—
Sq. Ft.
2,416
Year built
1928
Style
Single Family Residential
County
Laramie County
APN
14630000700150
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 19, 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
Parking
Parking/Garage Information
Has Garage
Has Attached Garage
# of Garage Spaces: 1
Parking Features: Attached
Interior
Bathroom Information
# of Full Bathrooms: 1
# of Three Quarter Bathrooms: 1
Interior Features
Interior Features: Eat-in Kitchen
Exterior
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: City Residential
Lot Information
Lot Size Acres: 0.16
Financial
Tax Information
Tax Annual Amount: $2,273.93
Location
Location Information
Subdivision Name: HOLDREGE ADD
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 2,416
Stories: 1.0
Lot Size: 7,000 square feet
Style: Single Family Residential
Year Built: 1928
Year Renovated: —
County: Laramie County
APN: 14630000700150
Home facts updated by county records on Aug 19, 2026
Around this home
Schools
Pioneer Park Elementary School
Public PreK-6 • Assigned • 0.4mi
7/10
McCormick Junior High School
Public 7-8 • Assigned • 2.2mi
6/10
Central High School
Public 9-12 • Assigned • 1.9mi
7/10
Provided by GreatSchools
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
81
56
76
49
64
39
51
29
49
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$364,000 – $441,000
Sell confidently with a local market expert in Cheyenne.