506 S 15th St, Laramie, WY 82070

Prime location, great income producing investment property. 2 stand-alone homes, 2 units, 3 blocks south of University of Wyoming. Own your own little block of rentals R3 zoning -residential/ multi family / townhouse / apartments. This would be a great buy and hold as the university expands and demand becomes higher for the area. Sears Catalog Homes originally brought in by the railroad to house train conductors. Thoughtfully updated while preserving their historic character, the homes offer a compelling blend of charm, functionality, and rental appeal. The largest home in the portfolio, 1418 Custer, occupies the corner of Custer and S. 15th. This spacious residence features a main-floor bedroom, bathroom, full kitchen, and attached 1 car garage with additional space above. The lower level includes 2 bedrooms, a full bathroom, laundry, and mechanical space. With its exterior entrance, the lower level may offer potential for conversion into an additional unit, subject to city and county approval. This is currently rented for $1,450.00 per month. 506 S. 15th is a single-unit residence fully remodeled in 2025. Featuring 1 bedroom, a full kitchen, living room, dining room, and a full basement with laundry. The property also includes a large yard, a storage shed, and one off-street parking space. It is currently rented for $950 per month, and the tenant is responsible for snow removal and lawn care for all three units.