Updated Duplex Near
For Sale
$695,000
193 range rd, Breckenridge, CO 80424
Residential, BRECKENRIDGE, CO
Property Size1,237 SF
Lot Size1.19 Acres
Price / SF$561.84
Days on Market69
Property Features for 193 range rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1
Pets allowed
Yes
Appliances
Dishwasher, Disposal, Microwave, Range Electric
Subdivision
LODGE AT 39 DEGREES NORTH CONDO
Standard status
Active
APN
2807037
Size
1,237 SF
Lot size
1.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1993
Utilities
Heating system
Electric (Heating), Wood, Baseboard
Amenities
wood-burning fireplace
updated kitchen
Building Details
Year built
1967
Flooring type
Carpet - Full, Tile, Vinyl
Roof type
Asphalt
Listing Agency:
Breckliving.com
(970) 453-9551
Listed By:
Aspen Davis
(970) 389-9168
Added: Jul 2
Changed: Sep 5
Last Checked: Sep 8 at 5:06PM
MLS# S1070152
Copyright © 2026 Altitude 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 1,237-square-foot duplex sits on a 1.188-acre lot in Breckenridge. The interior includes an open living and dining arrangement, a wood-burning fireplace, and a refreshed kitchen equipped with a dishwasher, disposal, microwave, and electric range. One bedroom is positioned on the main level, while two additional bedrooms and a full bathroom are upstairs. Carpet, tile, and vinyl flooring are used throughout, with baseboard and electric heating supplemented by wood heat.
A Summit Stage bus stop at the bottom of the road provides service toward Breckenridge and other Summit County destinations. Skiing, hiking, biking, and additional outdoor recreation are located minutes away, and the property includes ample parking. Built in 1967, the duplex offers a combination of residential layout and proximity to town and recreation.
A Summit Stage bus stop at the bottom of the road provides service toward Breckenridge and other Summit County destinations. Skiing, hiking, biking, and additional outdoor recreation are located minutes away, and the property includes ample parking. Built in 1967, the duplex offers a combination of residential layout and proximity to town and recreation.
Key Highlights
- 1,237‑square‑foot duplex on a 1.188‑acre lot
- Three bedrooms and two bathrooms arranged across two levels
- Open living and dining area with wood‑burning fireplace
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
$20,621
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%
$412,420
$412.4K
Cap Rate 7%
$294,586
$294.6K
Cap Rate 9%
$229,122
$229.1K
Market Conditions
NOI Build-Up for 1,237 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
$31.2K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.5K $23.81/SF
− OpEx
−$8.8K −$7.14/SF
NOI
$20.6K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$412,420
Cap Rate 7%
$294,586
Cap Rate 9%
$229,122
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.7K
NOI $20,621 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$272.0K
$238.0K – $317.4K
NOI $19,042 @ 7.0% cap · market cap 2.74%
Theoretical Best
Warehouse
$24.62M
$21.54M – $28.72M
NOI $1,723,469 @ 7.0% cap · market cap 247.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom, two-bath duplex with a fireplace, flexible sleeping arrangement, and recreation access near Breckenridge.
Where is this duplex located?
The property is located at 193 range rd Breckenridge, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1,237‑square‑foot duplex on a 1.188‑acre lot; Three bedrooms and two bathrooms arranged across two levels; Open living and dining area with wood‑burning fireplace
