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Renovated 31-Unit Apartment Buildings
For Sale
$5,590,000

623 S Wolcott Street, Casper, WY 82601

Downtown multifamily property with office and commercial components, paved parking, and additional residential conversion potential.

Property SizeContact for details
Days on Market52

Property Features for 623 S Wolcott Street

General Information

Standard status Active
Property subtype Residential Multifamily
Zoning R4
Occupancy 100%

Additional Details

Multifamily Units 31

Building Details

Year Built 1927
Buildings 2
Units 30
Listing Agency: McGarvin & Taylor Real Estate
Listed By: Catherine "Kitty" Mortimer · License #RE-15316
Source: Worlandwyo.idxbroker
Added: Jul 9 Changed: Aug 28 Last Checked: Aug 28 at 7:02AM

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 McGarvin & Taylor Real Estate

Investment Insights

Based on property information with market context.

The Marian and Old School buildings comprise 31 apartments, an office area, and 7,000 SF of rented commercial space. The property also includes a paved lot and has undergone recent renovation, with custom finishes, large windows, and modern amenities throughout the apartment units. Built in 1927 and zoned R4, the asset combines residential and commercial components within a single downtown property.

Located at 623 S Wolcott Street in Casper, the buildings sit next to City Park. Apartment occupancy is reported at 100%, with a waitlist. The existing office and commercial areas may be converted to additional apartment units, subject to applicable requirements.

Key Highlights

  • 31 apartments across the Marian and Old School buildings
  • 7,000 SF rented commercial space plus an office area
  • 100% occupied apartments with a waitlist

Property Analytics

Current Use

The Marian Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage Catering Service (Bike/Boat/Book/etc) Store Florist Veterinary Clinic Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

31
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,552
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Downtown multifamily property with office and commercial components, paved parking, and additional residential conversion potential.
Where is this apartment building located?
The property is located at 623 S Wolcott Street Casper, WY.
What is the asking price?
The asking price for this property is $5,590,000.
What are key features of this property?
This property features: 31 apartments across the Marian and Old School buildings; 7,000 SF rented commercial space plus an office area; 100% occupied apartments with a waitlist
More about this property
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