Up/Down Duplex with Fenced
For Sale
$160,000
Pending
205 East G Street, Casper, WY 82601
Two apartments offer private entrances, shared laundry, and a fenced outdoor area.
Property Size1,872 SF
Days on Market186
Property Features for 205 East G Street
General Information
Standard status
Pending
Size
1,872 SF
Property subtype
Multi-family / Duplex
Zoning
R3
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,166
Amenities
shared laundry
Rocky Mountain Power
Range/Oven, Refrigerator
Concrete
Architectural
Chain Link
Frame-Lap
Wood Frame
No
Building Details
Year Built
1918
Listing Agency:
RE/MAX The Group
(307) 265-0200
Listed By:
John Lichty · License #10000
(307) 265-0200
Source:
Compass
Added: Feb 26
Changed: Aug 31
Last Checked: Aug 31 at 12:12AM
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 RE/MAX The Group
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex contains two apartments arranged in an up-and-down configuration. The property includes a two-bedroom unit and a one-bedroom unit, with separate private entrances and shared laundry serving both residences. A large fenced lot provides outdoor space, with chain-link and wood fencing noted among the exterior features.
Built in 1918, the wood-frame property is located at 205 East G Street in Casper, Wyoming. The parcel is zoned R3 and includes range/oven and refrigerator appliances. Rocky Mountain Power is identified in the property features.
Built in 1918, the wood-frame property is located at 205 East G Street in Casper, Wyoming. The parcel is zoned R3 and includes range/oven and refrigerator appliances. Rocky Mountain Power is identified in the property features.
Key Highlights
- 1,872‑square‑foot up‑and‑down duplex
- Two‑bedroom and one‑bedroom apartment units
- Private entrances for both apartments
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
$14,559
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
9.10%
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%
$291,180
$291.2K
Cap Rate 7%
$207,986
$208.0K
Cap Rate 9%
$161,767
$161.8K
Market Conditions
NOI Build-Up for 1,872 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
$27.6K $14.76/SF
− Vacancy
−$1.2K −$0.62/SF
EGI
$26.5K $14.14/SF
− OpEx
−$11.9K −$6.36/SF
NOI
$14.6K $7.78/SF
Area
Natrona County, WY
Vacancy
4.20%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$291,180
Cap Rate 7%
$207,986
Cap Rate 9%
$161,767
Alternative Uses
Best Use
Multifamily LT 5
$225.3K
$197.1K – $262.8K
NOI $15,768 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$208.0K
$182.0K – $242.7K
NOI $14,559 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$418.0K
$365.7K – $487.6K
NOI $29,257 @ 7.0% cap · market cap 18.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,769
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 apartments offer private entrances, shared laundry, and a fenced outdoor area.
Where is this duplex located?
The property is located at 205 East G Street Casper, WY.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,872‑square‑foot up‑and‑down duplex; Two‑bedroom and one‑bedroom apartment units; Private entrances for both apartments
