Well-Maintained Five-Unit Income
For Sale
$400,000
404 10th St, Wheatland, WY 82201
Five-unit income property with upside potential in Wheatland, Wyoming.
Property SizeContact for details
Days on Market170
Property Features for 404 10th St
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1944
Listing Agency:
Coldwell Banker | The Property Exchange
(571) 244-8938
Listed By:
Mariah Jeffery · License #WY,RE-16311
(571) 244-8938
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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 Coldwell Banker | The Property Exchange
Investment Insights
Based on property information with market context.
This well-maintained income property features five units: four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Each unit is equipped with washer and dryer hookups and new flooring. The property includes a detached 5-car garage, providing one parking spot per tenant. Gas is paid by the owner, while electric, water, and sewer are separately metered. The property is located in a desirable area and presents a prime investment opportunity. Recent flood-related renovations have left several units vacant, offering the potential for leasing at market rates with a pro-forma cap rate of 8.6%. A rare earth mineral mine west of Wheatland, set to ramp up in 2026, adds further growth potential. This property is perfect for investors seeking cash flow and value-add potential in a high-demand market.
Key Highlights
- Seller financing available at 5% interest with 25% down payment.
- 8.6% pro‑forma cap rate offers significant income potential.
- Upside potential from leasing vacant units at market rates after recent renovations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 82201, WY
6,395
Population
3,539
Households
1.8
Avg Household Size
48
Median Age
20%
College-Educated
91%
High-School Grad
1,658.8 sq mi
ZIP Area
4
Density / Sq Mi
$65,900
Median Household Income
$43,125
Median Earnings
$728
Median Rent
$250,200
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?
Apartment building - Five-unit income property with upside potential in Wheatland, Wyoming.
Where is this apartment building located?
The property is located at 404 10th St Wheatland, WY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Seller financing available at 5% interest with 25% down payment.; 8.6% pro‑forma cap rate offers significant income potential.; Upside potential from leasing vacant units at market rates after recent renovations.
