55+ Residential Income
For Sale
$475,000
1526 Tulip Ct, Longmont, CO 80501
Residential, Longmont, CO
Property Size3,540 SF
Lot Size0.12 Acres
Price / SF$134.18
Days on Market139
Property Features for 1526 Tulip Ct
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Res
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Dining Room, Family Room, Laundry Room
Parking features
Open
Window features
Window Coverings, Skylight(s)
Patio and Porch features
Patio, Deck
Pets allowed
Dogs OK, Cats OK, Breed Restrictions
Interior features
Eat-in Kitchen, Separate Dining Room, Cathedral Ceiling(s), Open Floorplan, Pantry, Wood Windows, Walk-In Closet(s), Washer/Dryer Hookup, Skylights
Exterior features
Sprinkler System
Fencing
Fenced
Basement
Full, Partially Finished
Accessibility
Accessible Approach with Ramp
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal, Fire Alarm
Subdivision
West Point Village
Lot features
Cul-De-Sac, Level, House Faces West, City Limits
View
City
Elementary school
Mountain View
Middle school
Longs Peak
High school
Longmont
Elementary school district
ST Vrain Dist RE 1J
Middle school district
ST Vrain Dist RE 1J
High school district
ST Vrain Dist RE 1J
Directions
Hover and 15th east to Tulip Ct Turn left
Standard status
Active
APN
R0112522
Size
3,540 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3859
HOA Fee
$591 Monthly
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air, Humidity Control (Heating)
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1993
Floors in Building
1
Building materials
Frame, Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Nexus · RE/MAX International
(970) 295-4760
Listed By:
Michael Dunn · License #fa040009482
(303) 669-8683
Added: Apr 23
Changed: Sep 8
Last Checked: Sep 8 at 4:06PM
MLS# 1057894
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 3,540-square-foot attached dwelling, built in 1993, offers main-level living within a 55+ community. The interior includes a vaulted great room, eat-in kitchen with pantry, separate dining room, flexible sunroom or office, laundry room, guest bedroom, and primary suite with a private 4-piece bath and walk-in closet. A basement bedroom is framed for future customization. Central air, forced-air heat, skylights, and wood windows are among the interior features.
Outdoor areas include a private deck, patio, fenced landscaped backyard, and garden beds. The property sits on a 0.12-acre lot and includes a 2-car garage with ramp access and additional storage. HOA-maintained front-yard care, public sewer, and natural gas availability are provided. Residential zoning applies.
Outdoor areas include a private deck, patio, fenced landscaped backyard, and garden beds. The property sits on a 0.12-acre lot and includes a 2-car garage with ramp access and additional storage. HOA-maintained front-yard care, public sewer, and natural gas availability are provided. Residential zoning applies.
Key Highlights
- 3,540 square feet on a 0.12‑acre lot
- 55+ attached dwelling with main‑level living
- Primary suite includes a private 4‑piece bath and walk‑in closet
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
$37,415
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
7.88%
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%
$748,300
$748.3K
Cap Rate 7%
$534,500
$534.5K
Cap Rate 9%
$415,722
$415.7K
Market Conditions
NOI Build-Up for 3,540 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
$72.2K $20.40/SF
− Vacancy
−$4.2K −$1.18/SF
EGI
$68.0K $19.22/SF
− OpEx
−$30.6K −$8.65/SF
NOI
$37.4K $10.57/SF
Area
Weld County, CO
Vacancy
5.80%
Lease Rate
$20.40 /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%
$748,300
Cap Rate 7%
$534,500
Cap Rate 9%
$415,722
Alternative Uses
Best Use
Apartment 5plus
$534.5K
$467.7K – $623.6K
NOI $37,415 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$645.2K
$564.5K – $752.7K
NOI $45,162 @ 7.0% cap · market cap 9.51%
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
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Main-level living features a sunroom, primary suite, fenced yard, and attached garage.
Where is this single family property located?
The property is located at 1526 Tulip Ct Longmont, CO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,540 square feet on a 0.12‑acre lot; 55+ attached dwelling with main‑level living; Primary suite includes a private 4‑piece bath and walk‑in closet
