Duplex with Attached Two-Car
For Sale
Under Contract
$554,500
1620 16th Pl, Longmont, CO 80501
Residential, Longmont, CO
Property Size2,918 SF
Lot Size0.11 Acres
Price / SF$190.03
Days on Market70
Property Features for 1620 16th Pl
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RES
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 1, Laundry Room, Bathroom 3, Dining Room, Bathroom 1, Laundry Room, Bedroom 3, Game Room, Basement, Bathroom 2, Bedroom 2
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Separate Dining Room, Open Floorplan, Washer/Dryer Hookup
Basement
Full, Partially Finished
Appliances
Electric Range, Dishwasher, Washer, Dryer, Microwave, Disposal
Subdivision
West Point Village
Lot features
Cul-De-Sac, Level, House Faces South, 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 Under Contract
APN
R0112477
Size
2,918 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3132
HOA Fee
$591 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Humidity Control (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1993
Floors in Building
1
Building materials
Frame, Brick
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
RE/MAX Alliance-Lsvl · RE/MAX International
(303) 666-6500
Listed By:
Christopher Ermold · License #FA40006329
(303) 664-6512
Added: Jul 1
Changed: Sep 2
Last Checked: Sep 8 at 4:06PM
MLS# 1063407
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 ranch-style duplex is built on a 0.11-acre lot and offers 2 bedrooms and 2 bathrooms on the main level, including a primary suite with a large walk-in closet and an ADA-accessible walk-in shower. The open floorplan includes a separate dining room, and the updated kitchen features granite countertops and opens to the living and dining areas. Interior features include wheelchair-accessible doorways, washer/dryer hookup, and electric range, microwave, dishwasher, disposal, washer, and dryer.
The attached 2-car garage provides everyday convenience and additional storage. A fully finished basement expands usable space with a large recreation room, an additional bedroom, and a 3/4 bathroom. Updates noted include newer Anderson windows and a sliding patio door, updated flooring, granite countertops in the kitchen and baths, and a regularly serviced furnace and central A/C. The composition roof and forced-air heating are in place, with public sewer and cable available.
With major HOA improvements already completed, including exterior painting and roof replacement, exterior maintenance is positioned to be more manageable. The property also includes a patio for outdoor use.
The attached 2-car garage provides everyday convenience and additional storage. A fully finished basement expands usable space with a large recreation room, an additional bedroom, and a 3/4 bathroom. Updates noted include newer Anderson windows and a sliding patio door, updated flooring, granite countertops in the kitchen and baths, and a regularly serviced furnace and central A/C. The composition roof and forced-air heating are in place, with public sewer and cable available.
With major HOA improvements already completed, including exterior painting and roof replacement, exterior maintenance is positioned to be more manageable. The property also includes a patio for outdoor use.
Key Highlights
- 0.11‑acre lot with patio
- 2918 SF ranch‑style duplex with open floorplan
- Attached 2‑car garage plus fully finished basement with recreation room
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
$30,841
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
5.56%
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%
$616,820
$616.8K
Cap Rate 7%
$440,586
$440.6K
Cap Rate 9%
$342,678
$342.7K
Market Conditions
NOI Build-Up for 2,918 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
$59.5K $20.40/SF
− Vacancy
−$3.5K −$1.18/SF
EGI
$56.1K $19.22/SF
− OpEx
−$25.2K −$8.65/SF
NOI
$30.8K $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%
$616,820
Cap Rate 7%
$440,586
Cap Rate 9%
$342,678
Alternative Uses
Best Use
Apartment 5plus
$440.6K
$385.5K – $514.0K
NOI $30,841 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$531.8K
$465.3K – $620.4K
NOI $37,226 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Ranch-style duplex on a 0.11-acre lot with a patio, finished basement, and central air.
Where is this single family property located?
The property is located at 1620 16th Pl Longmont, CO.
What is the asking price?
The asking price for this property is $554,500.
What are key features of this property?
This property features: 0.11‑acre lot with patio; 2918 SF ranch‑style duplex with open floorplan; Attached 2‑car garage plus fully finished basement with recreation room
