Listed by Waypoint Real Estate
$32,000,000
Harmony Valley Apartments
Details
APN 14293000100020
Property Type Multifamily
Sub Type Apartment Building
Square Footage 126,000
Units 120
Cap Rate 6.00%
Class A
Year Built April 2026
Buildings 5
Stories 3
Acreage 6.580
Parking Spaces 239 spaces
Parking per 1,000 SqFt 1.90
120 Unit Multi-Family Complex | Harmony Valley Apartments in Cheyenne, WY
Marketing description
Waypoint Real Estate is pleased to present Harmony Valley Apartments, a 120-unit multifamily development underway in Cheyenne, Wyoming. The project includes five 24-unit buildings totaling 126,000 SF, with all units offering 2 bedrooms,2 bathrooms, private balconies, a full appliance package with in-unit washer and dryer, and fiber internet. Located minutes from F.E. Warren Air Force Base, Meta’s data center, Microsoft’s expanding campus, and Laramie County Community College, the site also enjoys proximity to schools, parks, and a pickleball court, ideal for workforce and family housing.
Cheyenne continues to experience significant unmet housing demand driven by growth across key employment sectors. Ranked #1 in Wyoming for cost of living and job market, the city provides strong fundamentals for long-term investment. Offered at $32,000,000, Harmony Valley Apartments presents a rare opportunity to own new construction in a supply-constrained market with strong economic drivers and lasting rental demand.
Investment highlights
- Coming soon! (5) 24-unit buildings 120-unit apartment complex (1,050 sf each) 2 bed, 2 bath each with private balcony
- Surrounded by: F.E. Warren AFB, meta, Microsoft, and Laramie County community college, with Nearby schools, parks, and a pickleball court. Ourt
- Entire project: $32,000,000 Price/building: $6,400,000 Price/unit: $266,667
- High demand, low vacancy, and economic growth make Cheyenne the perfect market for new multifamily investment.
- 5 buildings
- 24 units per building (120 units total)
- Each unit is 1,050 SF: 2 beds, 2 baths, private balcony
- Lot size is 6.58 acres
- 232 parking spaces
- Project built: November 2022.
- Project size: (4) 24-unit buildings.
- Stabilized occupancy and strong lease-up: Achieved 95% occupancy within 7 months.
- Attractive rents and tenant retention: 2 bed / 2 bath units currently being leased at an average $1,750/month with low turnover.
- Harmony Valley will feature the same building design with minor façade differences.
Listing Contacts
Listed by Waypoint Real Estate
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