Split-Level Duplex with
For Sale
$857,500
1007 Crown Drive, Carbondale, CO 81623
Residential, Carbondale, CO
Property Size1,936 SF
Lot Size0.08 Acres
Price / SF$442.92
Days on Market42
Property Features for 1007 Crown Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
residential
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4
Fireplace
1
Basement
Finished
Subdivision
Roaring Fork Village
Lot features
Interior Lot
Directions
From 133, take Village Drive, onto Wheel Drive, then onto Crown Drive.
Standard status
Active
APN
239334219018
Size
1,936 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SECTION: 34 TOWNSHIP: 7 RANGE: 88 SUBDIVISION: VICTORIANS-ROARING FRK VILLAGE LOT: I-2
Tax Annual Amount
4152
Legal Description
SECTION: 34 TOWNSHIP: 7 RANGE: 88 SUBDIVISION: VICTORIANS-ROARING FRK VILLAGE LOT: I-2
Utilities
Heating system
Forced Air
Water source
Public
Amenities
sunroom
fenced backyard
Building Details
Year built
1993
Floors in Building
2
Building materials
Vinyl Siding, Frame
Roof type
Composition
Architectural style
Split Level
Listing Agency:
Coldwell Banker Mason Morse-GWS · Coldwell Banker Real Estate
(970) 928-9000
Listed By:
Ingrid L Wussow · License #FA40047265
(970) 404-5105
Added: Jul 22
Changed: Aug 20
Last Checked: Sep 1 at 11:06PM
MLS# 193899
Copyright © 2026 Aspen Glenwood MLS. 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 split-level duplex offers 1,936 square feet on a 0.08-acre lot, with four bedrooms and three bathrooms arranged across two levels. The upper floor includes a connected living, dining, and kitchen area, a sunroom, a primary suite with private bath, a second bedroom, and another full bathroom. The lower level adds a family room, laundry area, two bedrooms, and a full bathroom. An attached one-car garage provides direct interior access. Built in 1993, the property has vinyl siding, frame construction, composition roofing, forced-air heat, a fireplace, and public water.
The fenced backyard connects directly to a bike trail, providing a route toward Carbondale and along the Roaring Fork. Additional parking is available in the community lot for residents or guests. Residential zoning supports the property's established residential use.
The fenced backyard connects directly to a bike trail, providing a route toward Carbondale and along the Roaring Fork. Additional parking is available in the community lot for residents or guests. Residential zoning supports the property's established residential use.
Key Highlights
- 1,936‑square‑foot split‑level duplex built in 1993
- Four bedrooms and three bathrooms across two levels
- Attached one‑car garage with direct interior access
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
$25,357
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
2.96%
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%
$507,140
$507.1K
Cap Rate 7%
$362,243
$362.2K
Cap Rate 9%
$281,744
$281.7K
Market Conditions
NOI Build-Up for 1,936 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
$38.3K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$36.2K $18.71/SF
− OpEx
−$10.9K −$5.61/SF
NOI
$25.4K $13.10/SF
Area
Garfield County, CO
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$507,140
Cap Rate 7%
$362,243
Cap Rate 9%
$281,744
Alternative Uses
Best Use
Multifamily LT 5
$362.2K
$317.0K – $422.6K
NOI $25,357 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$338.2K
$295.9K – $394.6K
NOI $23,673 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$507.0K
$443.6K – $591.5K
NOI $35,491 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 81623, CO
16,110
Population
7,280
Households
2.2
Avg Household Size
40
Median Age
50%
College-Educated
88%
High-School Grad
433.8 sq mi
ZIP Area
37
Density / Sq Mi
$98,549
Median Household Income
$46,026
Median Earnings
$2,094
Median Rent
$835,000
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?
Duplex - Residential zoning, a fenced rear yard, and direct access to a bike trail add practical everyday utility.
Where is this duplex located?
The property is located at 1007 Crown Drive Carbondale, CO.
What is the asking price?
The asking price for this property is $857,500.
What are key features of this property?
This property features: 1,936‑square‑foot split‑level duplex built in 1993; Four bedrooms and three bathrooms across two levels; Attached one‑car garage with direct interior access
