Duplex with New 2024
For Sale
$625,000
1301 Cypress Dr, Fort Collins, CO 80521
CONDOS - Fort Collins, CO
Property Size1,732 SF
Lot Size0.18 Acres
Price / SF$360.85
Days on Market144
Property Features for 1301 Cypress Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RL
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Patio and Porch features
Patio
Interior features
Open Floorplan
Fencing
Fenced
Appliances
Electric Range, Refrigerator
Subdivision
Elliott Miller
Lot features
Wooded, Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Bauder
Middle school
Blevins
High school
Rocky Mountain
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
From Prospect & Taft, go North on Taft one block, turn left on W. Lake Street. Turn Right on Cypress Drive and duplex is on your left. From Prospect & Overland Trail, go North on Overland Trail one block, turn right onto W. Lake Street. Turn left on Cypress Drive and duplex is on your left.
Standard status
Active
APN
R0171786
Size
1,732 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3118
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Building materials
Frame, Brick
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Your Castle Real Estate LLC
(303) 962-4272
Listed By:
Dan Bode · License #100041111
(970) 290-6164
Added: Apr 2
Changed: Aug 2
Last Checked: Aug 23 at 12:06PM
MLS# 1055400
Copyright © 2026 IRES 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 duplex features an open floorplan and includes a combination of bedrooms and two bathrooms across its rooms. Construction is frame and brick, with forced-air heating and ceiling fans for cooling. The property includes a patio and a fenced yard, along with dedicated parking and storage for tenants.
The building has public sewer and cable service available, with a composition roof installed in 2024. Located in Fort Collins with RL zoning, the duplex is described as professionally managed by local property management and does not have an HOA.
The address includes 1301 and 1303 Cypress Dr, and the adjacent duplex next door at 1205–1207 Cypress Dr is also available for sale, offering an investor the option to consider a combined holding. Updates vary by unit, supporting phased improvement over time.
The building has public sewer and cable service available, with a composition roof installed in 2024. Located in Fort Collins with RL zoning, the duplex is described as professionally managed by local property management and does not have an HOA.
The address includes 1301 and 1303 Cypress Dr, and the adjacent duplex next door at 1205–1207 Cypress Dr is also available for sale, offering an investor the option to consider a combined holding. Updates vary by unit, supporting phased improvement over time.
Key Highlights
- 2024 composition roof
- Frame and brick duplex with open floorplan
- Fenced yard plus patio
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
$23,171
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
3.71%
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%
$463,420
$463.4K
Cap Rate 7%
$331,014
$331.0K
Cap Rate 9%
$257,456
$257.5K
Market Conditions
NOI Build-Up for 1,732 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
$34.9K $20.16/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$33.1K $19.11/SF
− OpEx
−$9.9K −$5.73/SF
NOI
$23.2K $13.38/SF
Area
Fort Collins, CO
Vacancy
5.20%
Lease Rate
$20.16 /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%
$463,420
Cap Rate 7%
$331,014
Cap Rate 9%
$257,456
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.6K – $386.2K
NOI $23,171 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$451.0K
$394.6K – $526.2K
NOI $31,571 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 80521, CO
37,451
Population
15,121
Households
2.5
Avg Household Size
26
Median Age
63%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,675
Density / Sq Mi
$52,679
Median Household Income
$15,918
Median Earnings
$1,412
Median Rent
$541,300
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 - Duplex with a 2024 roof, fenced yard, and dedicated parking and storage, professionally managed with no HOA.
Where is this duplex located?
The property is located at 1301 Cypress Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2024 composition roof; Frame and brick duplex with open floorplan; Fenced yard plus patio
