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    115 S Summit Ave Newcastle, WY 82701

    For Sale
    $395,000

    Income Producing - Newcastle, WY

    Lot size:
    0.24 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 115 S Summit Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    5
    Appliances
    Dryer, Range, Refrigerator
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1954
    Number of units
    5
    Architectural style
    Other

    eXp Realty LLC (630) 927-8269 [email protected]

    Listing agent Michele Kinsinger (307) 689-3489 License #RE-14967

    Listing date Nov 2, 2025

    MLS# 25-3032 Listing URL

    Copyright © 2025 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.

    Overview

    Income Producing Apartment Complex

    This turnkey investment property presents an opportunity for both seasoned and new investors seeking stable income. The property is a 5-unit apartment complex with potential for substantial returns. It has a strong rental history, with 4 units currently rented and the 5th being prepared for rental. Located in Newcastle, WY, the property benefits from a growing demand for rental properties, suggesting potential for long-term appreciation. The lot size is 0.24 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newcastle
    County
    Weston
    State
    Wyoming
    Longitude
    -104.200734
    Latitude
    43.854511

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    FAQs

    What type of property is this?
    Apartment building - Turnkey investment property with strong rental history in Newcastle, WY.
    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: - Turnkey 5-unit apartment complex.; - Strong rental history with 4 of 5 units currently rented.; - Potential for substantial returns on investment.
    (307) 689-3489
    Request Owner's contact information
    115 S Summit Ave Newcastle, WY 82701
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    Newcastle, WY 82701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 S Summit Ave Newcastle, WY 82701
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