Duplex Property with Mountain
For Sale
$869,000
1145 White River Drive, Gypsum, CO 81637
Residential, Gypsum, CO
Property Size1,865 SF
Lot Size0.15 Acres
Price / SF$465.95
Days on Market32
Property Features for 1145 White River Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2
Parking
2
Parking features
Garage
Patio and Porch features
Deck
Pets allowed
Dogs OK, Cats OK
Fencing
Fenced
Appliances
Electric Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Subdivision
Hawks Nest @ Buckhorn Valley
Standard status
Active
APN
2111-113-22-013
Size
1,865 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Hawks Nest at Buckhorn Valley Filing 3 Lot: 5B
Tax Annual Amount
6167
HOA Fee
$225 Monthly
Legal Description
Hawks Nest at Buckhorn Valley Filing 3 Lot: 5B
Utilities
Utilities
Cable Available
Heating system
Radiant, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Flooring type
Simulated wood, Tile, Carpet
Building materials
Frame, Wood Siding
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway - Gypsum · Berkshire Hathaway HomeServices
(970) 476-0476
Listed By:
Eugene Slaughter
(970) 471-0645
Added: Aug 7
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
MLS# 1014902
Copyright © 2026 Vail Board of REALTORS. 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 property includes a 1,865-square-foot, 3-bedroom, 3.5-bathroom residence built in 2022. Interior features include an open layout, quartz countertops, stainless-steel appliances, LVT plank flooring, a main-level en-suite bedroom, and a bonus loft area. Radiant electric heating and heat-pump cooling provide year-round climate control, while the attached garage adds covered parking. The property also offers a walk-out deck, landscaped and fenced exterior, asphalt roofing, and public water service.
The 0.15-acre site is located at 1145 White River Drive in Gypsum, near Eagle and Eagle County Regional Airport. It directly adjoins acres of BLM open space, with hiking, biking, and other outdoor recreation accessible from the property. Castle Peak views are noted, and the home is approximately 30 minutes from area ski resorts.
The 0.15-acre site is located at 1145 White River Drive in Gypsum, near Eagle and Eagle County Regional Airport. It directly adjoins acres of BLM open space, with hiking, biking, and other outdoor recreation accessible from the property. Castle Peak views are noted, and the home is approximately 30 minutes from area ski resorts.
Key Highlights
- 1,865‑square‑foot property with 3 bedrooms and 3.5 bathrooms
- Built in 2022 with quartz countertops and stainless‑steel appliances
- Main‑level en‑suite bedroom plus bonus loft area
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
$25,794
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
2.97%
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%
$515,880
$515.9K
Cap Rate 7%
$368,486
$368.5K
Cap Rate 9%
$286,600
$286.6K
Market Conditions
NOI Build-Up for 1,865 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
$47.7K $25.56/SF
− Vacancy
−$10.8K −$5.80/SF
EGI
$36.8K $19.76/SF
− OpEx
−$11.1K −$5.93/SF
NOI
$25.8K $13.83/SF
Area
Eagle County, CO
Vacancy
22.70%
Lease Rate
$25.56 /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%
$515,880
Cap Rate 7%
$368,486
Cap Rate 9%
$286,600
Alternative Uses
Best Use
Multifamily LT 5
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$334.5K
$292.7K – $390.3K
NOI $23,418 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$511.5K
$447.6K – $596.8K
NOI $35,808 @ 7.0% cap · market cap 4.12%
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
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 81637, CO
9,845
Population
3,291
Households
3
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
787.3 sq mi
ZIP Area
13
Density / Sq Mi
$108,556
Median Household Income
$47,262
Median Earnings
$2,162
Median Rent
$549,800
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 - Air-conditioned residence with flexible loft space, private outdoor areas, and direct access to BLM open space.
Where is this duplex located?
The property is located at 1145 White River Drive Gypsum, CO.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: 1,865‑square‑foot property with 3 bedrooms and 3.5 bathrooms; Built in 2022 with quartz countertops and stainless‑steel appliances; Main‑level en‑suite bedroom plus bonus loft area
