Gillette Fourplex Investment
18 American Ln Gillette, WY 82716
18 American Ln, Gillette, WY, 82716
$415,000
For Sale
$415,000
MULTI_FAMILY - Gillette, WY
Property Size4,044 SF
Lot Size0.26 Acres
Price / SF$102.62
Days on Market64
Property Features for 18 American Ln
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-4
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4, Bedroom 8
- Appliances
- Range/Oven, Refrigerator, Dishwasher, Range Oven
- Standard status
- Active
- Size
- 4,044 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2576
Building Details
- Year built
- 1980
- Number of units
- 4
Listing agency
RE/MAX Professionals
(307) 682-6622
Listed by
Stephanie L. Peralta · License #12444
(307) 299-0347
Added: May 20 Updated: Jul 22 at 2:13AM Checked: Jul 22 at 2:06PM
MLS# 26-568
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 fourplex presents an investment opportunity. Each of the four units includes 2 bedrooms and 1 bathroom, and washer and dryer hookups. Each unit is separately metered, with tenants responsible for electricity, sewer, and trash. The property is located in Gillette, Wyoming, within Campbell County. The lot size is 0.26 acres. The property size is 4044 square feet. The zoning is R-4.
Key Highlights
- 4‑plex built in 1980 with all units featuring 2 bedrooms and 1 bathroom
- Washer and dryer hookups in each unit
- Units are separately metered, with tenants responsible for electricity, sewer, and trash
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $12.60 |
| − Vacancy | −$2.8k | −$0.69 |
| EGI | $48.2k | $11.91 |
| − OpEx | −$14.4k | −$3.57 |
| NOI | $33.7k | $8.33 |
4,044 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.5K
$421.3K – $561.8K
NOI $33,706 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$444.6K
$389.0K – $518.7K
NOI $31,122 @ 7.0% cap · market cap 7.50%
Theoretical Best
Specialty Retail
$710.0K
$621.3K – $828.4K
NOI $49,701 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property in Gillette, Wyoming, with strong income potential.
Where is this quadplex located?
The property is located at 18 American Ln Gillette, WY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4‑plex built in 1980 with all units featuring 2 bedrooms and 1 bathroom; Washer and dryer hookups in each unit; Units are separately metered, with tenants responsible for electricity, sewer, and trash
