Residential Income Property with
For Sale
$525,000
1533 Tulip Ct, Longmont, CO 80501
Residential, Longmont, CO
Property Size3,268 SF
Lot Size0.09 Acres
Price / SF$160.65
Days on Market50
Property Features for 1533 Tulip Ct
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RES
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Bedroom 1, Basement, Bedroom 3, Dining Room, Bathroom 2, Bathroom 1, Laundry Room, Bedroom 2
Parking features
Open
Security features
Security System
Window features
Skylight(s), Window Coverings
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Separate Dining Room, Cathedral Ceiling(s), Open Floorplan, Pantry, Wood Windows, Natural Woodwork, Walk-In Closet(s), Washer/Dryer Hookup, Skylights, High Ceilings
Exterior features
Sprinkler System
Fireplace
1
Basement
Sump Pump, Full, Unfinished, Crawl Space
Appliances
Electric Range, Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm
Subdivision
West Point Village
Lot features
Evergreen Trees, Deciduous Trees, House Faces East, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
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
Standard status
Active
APN
R0112506
Size
3,268 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3705
HOA Fee
$591 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Amenities
gas fireplace
bonus sun room
large master suite with private bath
skylight
deck
basement
Building Details
Year built
1993
Floors in Building
1
Building materials
Frame, Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Alliance-Boulder · RE/MAX International
(303) 442-3180
Listed By:
Duane Caraballo · License #IR1042248
(720) 371-8629
Added: Aug 4
Changed: Sep 12
Last Checked: Sep 22 at 2:06PM
MLS# 1065710
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 3,268-square-foot half-duplex residence, built in 1993, offers an open floor plan with cathedral ceilings, separate dining space, natural woodwork, skylights, and a gas fireplace. The home includes three bedrooms, two bathrooms, a primary suite with a private bath and walk-in closet, a bonus sunroom, laundry room, and a full unfinished basement for storage or future expansion. Recent improvements include Pella windows installed in 2025 and a refinished deck.
The property occupies 0.09 acres along a green belt within a 55+ community. Additional features include central air, forced-air heating, a sprinkler system, composition roofing, patio space, open parking, public sewer, and cable availability. The residence is near shopping, with Mackintosh Lake identified nearby and Boulder approximately 20 minutes away.
The property occupies 0.09 acres along a green belt within a 55+ community. Additional features include central air, forced-air heating, a sprinkler system, composition roofing, patio space, open parking, public sewer, and cable availability. The residence is near shopping, with Mackintosh Lake identified nearby and Boulder approximately 20 minutes away.
Key Highlights
- 3,268‑square‑foot half‑duplex residence on a 0.09‑acre lot
- Pella windows installed in 2025
- Full unfinished basement for storage or future expansion
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
$34,540
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
6.58%
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%
$690,800
$690.8K
Cap Rate 7%
$493,429
$493.4K
Cap Rate 9%
$383,778
$383.8K
Market Conditions
NOI Build-Up for 3,268 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
$66.7K $20.40/SF
− Vacancy
−$3.9K −$1.18/SF
EGI
$62.8K $19.22/SF
− OpEx
−$28.3K −$8.65/SF
NOI
$34.5K $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%
$690,800
Cap Rate 7%
$493,429
Cap Rate 9%
$383,778
Alternative Uses
Best Use
Apartment 5plus
$493.4K
$431.8K – $575.7K
NOI $34,540 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$595.6K
$521.2K – $694.9K
NOI $41,692 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,318
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Half-duplex residence in a 55+ community with open living areas, vaulted ceilings, and abundant natural light.
Where is this residential income property located?
The property is located at 1533 Tulip Ct Longmont, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,268‑square‑foot half‑duplex residence on a 0.09‑acre lot; Pella windows installed in 2025; Full unfinished basement for storage or future expansion
