Triplex Property with Mobile
For Sale
$299,900
907 E E 4th St, Gillette, WY 82716
Three private-entry units feature individual laundry areas, outdoor space, and parking with alley access.
Property Size3,444 SF
Price / SF$87.08
Days on Market12
Property Features for 907 E E 4th St
General Information
Standard status
Active
Size
3,444 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
not quite finished
Additional Details
Gross Income
$29,400
Multifamily Units
4
Amenities
private entrance
laundry
fenced back yard
deck
covered patio
Building Details
Year Built
1970
Buildings
2
Listing Agency:
LPT Realty LLC.
(307) 682-6622
Listed By:
Jamie Means · License #20100127172247368172000000
Source:
411propertiesrealestate
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 1:34PM
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 LPT Realty LLC.
Investment Insights
Based on property information with market context.
This multifamily property includes a three-unit main building and a separate mobile home. Each main-building unit has its own entrance and laundry area. The loft unit is vacant and unfinished, while the property is offered in its current condition. Built in 1970, the improvements provide a combination of residential units and accessory living space for an owner or investor evaluating a small income property.
Outdoor features include front and rear off-street parking, alley access, a fenced backyard, a deck, and a covered patio. The property is located at 907 E E 4th St in Gillette, Wyoming. The existing configuration, private entrances, and laundry facilities provide distinct residential spaces within the property.
Outdoor features include front and rear off-street parking, alley access, a fenced backyard, a deck, and a covered patio. The property is located at 907 E E 4th St in Gillette, Wyoming. The existing configuration, private entrances, and laundry facilities provide distinct residential spaces within the property.
Key Highlights
- Three units in the main building plus a separate mobile home
- Each main‑building unit has a private entrance and laundry area
- Vacant, unfinished loft unit included in the property
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
$26,505
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
8.84%
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%
$530,100
$530.1K
Cap Rate 7%
$378,643
$378.6K
Cap Rate 9%
$294,500
$294.5K
Market Conditions
NOI Build-Up for 3,444 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
$50.8K $14.76/SF
− Vacancy
−$2.6K −$0.77/SF
EGI
$48.2K $13.99/SF
− OpEx
−$21.7K −$6.30/SF
NOI
$26.5K $7.70/SF
Area
Campbell County, WY
Vacancy
5.20%
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%
$530,100
Cap Rate 7%
$378,643
Cap Rate 9%
$294,500
Alternative Uses
Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K
NOI $28,705 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 8.84%
Theoretical Best
Specialty Retail
$604.7K
$529.1K – $705.5K
NOI $42,327 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 82716, WY
17,094
Population
7,771
Households
2.2
Avg Household Size
36
Median Age
16%
College-Educated
93%
High-School Grad
1,182.7 sq mi
ZIP Area
14
Density / Sq Mi
$77,169
Median Household Income
$45,276
Median Earnings
$890
Median Rent
$234,700
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?
Triplex - Three private-entry units feature individual laundry areas, outdoor space, and parking with alley access.
Where is this triplex located?
The property is located at 907 E E 4th St Gillette, WY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three units in the main building plus a separate mobile home; Each main‑building unit has a private entrance and laundry area; Vacant, unfinished loft unit included in the property
