Fourplex with Attached
For Sale
$530,000
26 Jonquil Street, Casper, WY 82604
Fourplex offering two-bedroom units with in-unit laundry hookups, newer windows, and a roof installed in 2022.
Property Size4,012 SF
Price / SF$132.10
Days on Market167
Property Features for 26 Jonquil Street
General Information
Standard status
Active
Size
4,012 SF
Property subtype
Multi-family / Four-Plex
Zoning
R2
Taxes and HOA fees
Annual Taxes
$3,556
Amenities
Rocky Mountain Power
Carpet
Dishwasher, Disposal, Range/Oven, Refrigerator
Concrete
Architectural
Frame-Lap
Wood Frame
Landscaped, Deck
No
Building Details
Year Built
1978
Listing Agency:
Forefront Real Estate, LLC
Listed By:
Lisa Engebretsen · License #12573
(307) 224-1523
Source:
Compass
Added: Mar 25
Changed: Aug 8
Last Checked: Jul 23 at 4:33AM
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 fourplex provides four residential units, each with two bedrooms, large kitchens, and in-unit laundry hookups. Units are served by individual gas forced-air furnaces. The property includes recent updates, including newer windows throughout and a new roof installed in Spring 2022. On-site improvements include a two-bay garage and two attached storage units.
The property is located just steps from the PV Golf Course, providing convenient proximity to the area.
Overall, the configuration is well-suited for residential income use, with each unit having its own furnace and dedicated laundry hookups.
The property is located just steps from the PV Golf Course, providing convenient proximity to the area.
Overall, the configuration is well-suited for residential income use, with each unit having its own furnace and dedicated laundry hookups.
Key Highlights
- Fourplex with 2‑bedroom units and in‑unit laundry hookups
- Individual gas forced‑air furnaces for each unit
- New roof installed Spring 2022 and newer windows throughout
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
$33,793
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
6.38%
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%
$675,860
$675.9K
Cap Rate 7%
$482,757
$482.8K
Cap Rate 9%
$375,478
$375.5K
Market Conditions
NOI Build-Up for 4,012 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
$50.6K $12.60/SF
− Vacancy
−$2.3K −$0.57/SF
EGI
$48.3K $12.03/SF
− OpEx
−$14.5K −$3.61/SF
NOI
$33.8K $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%
$675,860
Cap Rate 7%
$482,757
Cap Rate 9%
$375,478
Alternative Uses
Best Use
Multifamily LT 5
$482.8K
$422.4K – $563.2K
NOI $33,793 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$445.7K
$390.0K – $520.0K
NOI $31,202 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$895.8K
$783.8K – $1.05M
NOI $62,703 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 82604, WY
26,539
Population
11,589
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
1,048.4 sq mi
ZIP Area
25
Density / Sq Mi
$75,683
Median Household Income
$41,825
Median Earnings
$1,090
Median Rent
$270,800
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?
Quadplex - Fourplex offering two-bedroom units with in-unit laundry hookups, newer windows, and a roof installed in 2022.
Where is this quadplex located?
The property is located at 26 Jonquil Street Casper, WY.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Fourplex with 2‑bedroom units and in‑unit laundry hookups; Individual gas forced‑air furnaces for each unit; New roof installed Spring 2022 and newer windows throughout
