Vintage Duplex with Shared
For Sale
$275,000
1305 South Oak Street, Casper, WY 82601
Two-bedroom units feature mudrooms, shared laundry access, with an upstairs fenced yard and a downstairs single-car garage.
Property Size1,916 SF
Price / SF$143.53
Days on Market160
Property Features for 1305 South Oak Street
General Information
Standard status
Active
Size
1,916 SF
Property subtype
Multi-family / Duplex
Zoning
R2
Taxes and HOA fees
Annual Taxes
$1,068
Amenities
Rocky Mountain Power
Curtain Rod(s), Carpet
Range/Oven, Refrigerator
Concrete
Architectural
Chain Link
Wood Siding
Wood Frame
No
Building Details
Year Built
1916
Listing Agency:
Forefront Real Estate, LLC
Listed By:
Lisa Engebretsen · License #12573
(307) 224-1523
Source:
Compass
Added: Mar 30
Changed: Aug 8
Last Checked: Jul 22 at 4:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Forefront Real Estate, LLC
Investment Insights
Based on property information with market context.
This vintage duplex offers two spacious units, each with two bedrooms and a cozy mudroom. Residents share access to a laundry area, and the upstairs unit has exclusive use of a fenced yard. The downstairs unit includes a single-car garage for convenient, secure parking.
The property is located near schools, parks, and shopping in Casper, WY.
From a practical layout perspective, the configuration supports comfortable everyday living with dedicated outdoor space for the upstairs unit and enclosed parking for the downstairs unit.
The property is located near schools, parks, and shopping in Casper, WY.
From a practical layout perspective, the configuration supports comfortable everyday living with dedicated outdoor space for the upstairs unit and enclosed parking for the downstairs unit.
Key Highlights
- Vintage duplex built in 1916 with two 2‑bedroom units
- Each unit includes a cozy mudroom
- Shared laundry area accessible to both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,139
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,780
$322.8K
Cap Rate 7%
$230,557
$230.6K
Cap Rate 9%
$179,322
$179.3K
Market Conditions
NOI Build-Up for 1,916 SF
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.
Gross rent
$24.1K $12.60/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$23.1K $12.03/SF
− OpEx
−$6.9K −$3.61/SF
NOI
$16.1K $8.42/SF
Area
Natrona County, WY
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$322,780
Cap Rate 7%
$230,557
Cap Rate 9%
$179,322
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.7K – $269.0K
NOI $16,139 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$212.9K
$186.3K – $248.4K
NOI $14,901 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$427.8K
$374.3K – $499.1K
NOI $29,945 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 82601, WY
27,180
Population
12,967
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
93%
High-School Grad
478.8 sq mi
ZIP Area
57
Density / Sq Mi
$68,526
Median Household Income
$40,658
Median Earnings
$856
Median Rent
$244,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature mudrooms, shared laundry access, with an upstairs fenced yard and a downstairs single-car garage.
Where is this duplex located?
The property is located at 1305 South Oak Street Casper, WY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Vintage duplex built in 1916 with two 2‑bedroom units; Each unit includes a cozy mudroom; Shared laundry area accessible to both units
