Duplex with Updated
831 E 3rd St Casper, WY 82601
831 E 3rd St, Casper, WY, 82601
$315,000
For Sale
$315,000
MULTI_FAMILY - Casper, WY
Property Size1,216 SF
Lot Size0.10 Acres
Price / SF$259.05
Days on Market48
Property Features for 831 E 3rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Interior features
- Double Pane Windows
- Exterior features
- Storage Shed
- Appliances
- Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 1,216 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- CASPER BLK 146 LOT 16, City of Casper, County of Natrona, Wyoming
- Tax Annual Amount
- 1475
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Wood Frame
- Additional Structures
- Storage
Listing Agency
eXp Realty, LLC
(866) 873-0565
2617 E Lincolnway, Suite A-5, Cheyenne, WY
Listed by
Justin Flanigan · License #RE-14991
(307) 262-2249
Added: May 31 Checked: Jul 17 at 10:06 pm
MLS# 20262602
Copyright © 2026 Wyoming Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers a total of 6 bedrooms and 2 bathrooms, arranged with 3 bedrooms and 1 bathroom on each level. The property includes granite countertops and a recently updated basement.
The home features a large back deck, providing outdoor space for daily use and entertaining.
With its straightforward two-level layout, this duplex can serve as an owner-occupied residence with rental income potential or as an income property in a R4-zoned setting.
The home features a large back deck, providing outdoor space for daily use and entertaining.
With its straightforward two-level layout, this duplex can serve as an owner-occupied residence with rental income potential or as an income property in a R4-zoned setting.
Key Highlights
- Duplex with 6 bedrooms and 2 bathrooms; each level offers 3 bedrooms and 1 bathroom
- Granite countertops in the kitchen(s)
- Recently updated basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.3k | $12.60 |
| − Vacancy | −$689 | −$0.57 |
| EGI | $14.6k | $12.03 |
| − OpEx | −$4.4k | −$3.61 |
| NOI | $10.2k | $8.42 |
1,216 SF · lease $12.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$146.3K
$128.0K – $170.7K
NOI $10,242 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$135.1K
$118.2K – $157.6K
NOI $9,457 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$271.5K
$237.6K – $316.8K
NOI $19,005 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex totals 6 bedrooms and 2 bathrooms, with granite countertops and a recently updated basement.
Where is this duplex located?
The property is located at 831 E 3rd St Casper, WY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Duplex with 6 bedrooms and 2 bathrooms; each level offers 3 bedrooms and 1 bathroom; Granite countertops in the kitchen(s); Recently updated basement
