1425 Alger Ave, Cody, WY 82414

2 Homes, one phenomenal location! Polished, turnkey living meets exceptional income potential in this completely refurbished Cody, Wyoming property. Located on Alger Avenue-one of the city's most beautiful, tree-lined streets-this versatile home is just a block or two from premier downtown shopping, dining, Canal Park, the Rec Center, and the library. The property features a main house with craftsman-inspired details, extensively updated in 2022 to offer five bedrooms and two modern bathrooms across two floors. Out back, a fully fenced yard separates the main home from a private, detached ADU finished in 2025. This highly successful, 5-star short-term rental is a one-bedroom, one-bathroom upstairs studio complete with a kitchen/dining space, and its own dedicated parking; and private entry. Below the rental unit, on the ground floor, is a dedicated office or shop space. Well-cared for inside and out, this rare R3-zoned property allows both units to operate legally as short or long-term rentals, offering a rare opportunity to combine premium central living, rental income, and flexible workspace into one easy-to-maintain investment. Check out the 3D Tour!