Newcastle Multifamily Investment
For Sale
$395,000
115 S Summit Ave, Newcastle, WY 82701
MULTI_FAMILY - Newcastle, WY
Property Size6,708 SF
Lot Size0.24 Acres
Price / SF$58.88
Days on Market293
Property Features for 115 S Summit Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 2
Appliances
Range/Oven, Refrigerator, Dryer, Range Oven, Washer
Directions
Head east on I-90BL/E 2nd St. Turn right to merge onto I-90 E/US-14 E/US-16 E toward Moorcroft E. Take exit 154 toward Moorcroft. Turn right onto I-90BUS. Turn left onto US-16 E. The destination will be on the left
Subdivision
Newcastle Area - City
Standard status
Active
Size
6,708 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
1171
Building Details
Year built
1954
Number of units
6
Listing Agency:
eXp Realty, LLC
(866) 873-0565
Listed By:
Michele Kinsinger · License #RE-14967
(307) 299-4033
Added: Nov 2, 2025
Changed: Jul 25
Last Checked: Aug 21 at 2:06AM
MLS# 25-3032
Copyright © 2026 Northeast Wyoming REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey investment property presents a great opportunity for both seasoned and new investors seeking stable income. The property is a 5-unit apartment complex offering potential for substantial returns. It has a strong rental history, with 4 units currently rented and the 5th being prepared for rental. The demand for rental properties in Newcastle is growing, making this investment suitable for long-term appreciation. The property is located in Newcastle, WY, within Weston County. The lot size is 0.24 acres and the property size is 6708 square feet. The zoning is C-1.
Key Highlights
- Two‑building, 5‑unit apartment complex
- 4 units currently rented, with the 5th getting ready to be rented
- Built in 1954
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
80%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 82701, WY
5,309
Population
2,541
Households
2.1
Avg Household Size
45
Median Age
18%
College-Educated
93%
High-School Grad
1,798.5 sq mi
ZIP Area
3
Density / Sq Mi
$88,843
Median Household Income
$38,714
Median Earnings
$711
Median Rent
$218,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 5-unit apartment complex with strong rental history.
Where is this apartment building located?
The property is located at 115 S Summit Ave Newcastle, WY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑building, 5‑unit apartment complex; 4 units currently rented, with the 5th getting ready to be rented; Built in 1954
