Remodeled
For Sale
$350,000
161 N Washington St, Casper, WY 82601
Two separate residences each have two bedrooms, one full bath, and a dedicated front entrance.
Property Size1,924 SF
Price / SF$181.91
Days on Market12
Property Features for 161 N Washington St
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Residential Income
Zoning
HOSPITAL/MED
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,358
Listing Agency:
eXp Realty, LLC
Listed By:
Edward Maes
(307) 259-5220
Source:
Exprealty
Added: Oct 20
Changed: Oct 30
Last Checked: Oct 30 at 3:39PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
At 161 N Washington St, this duplex contains two units, each with two bedrooms and one full bath. The 1,924-square-foot property has separate front entrances for the units and a shared entrance at the rear. Recent work includes new plumbing, electrical, flooring, paint, kitchens, bathrooms, and egress windows.
The property sits on a newly landscaped lot and is zoned HOSPITAL/MED. Central Wyoming’s largest hospital is a four-minute walk away.
The property sits on a newly landscaped lot and is zoned HOSPITAL/MED. Central Wyoming’s largest hospital is a four-minute walk away.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,924 square feet
- Separate front entrances for each unit, plus a shared rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,206
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,120
$324.1K
Cap Rate 7%
$231,514
$231.5K
Cap Rate 9%
$180,067
$180.1K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$24.2K $12.60/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$23.2K $12.03/SF
− OpEx
−$6.9K −$3.61/SF
NOI
$16.2K $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 Rate 5%
$324,120
Cap Rate 7%
$231,514
Cap Rate 9%
$180,067
Alternative Uses
Best Use
Multifamily LT 5
$231.5K
$202.6K – $270.1K
NOI $16,206 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$213.8K
$187.0K – $249.4K
NOI $14,963 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$429.6K
$375.9K – $501.2K
NOI $30,070 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each have two bedrooms, one full bath, and a dedicated front entrance.
Where is this duplex located?
The property is located at 161 N Washington St Casper, WY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1,924 square feet; Separate front entrances for each unit, plus a shared rear entrance
