Duplex with Private
For Sale
Under Contract
$615,000
1943 Pecan St, Fort Collins, CO 80526
Residential Income, Fort Collins, CO
Property Size2,690 SF
Lot Size0.24 Acres
Price / SF$228.62
Days on Market130
Property Features for 1943 Pecan St
General Information
Property type
Residential
Property subtype
Duplex
Zoning
MMN
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1
Parking
2
Patio and Porch features
Patio
Exterior features
Sprinkler System
Fencing
Fenced
Appliances
Electric Range, Dishwasher, Refrigerator
Subdivision
Stadium Heights
Lot features
Paved
Elementary school
Bauder
Middle school
Blevins
High school
Rocky Mountain
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Standard status
Active Under Contract
APN
R0177024
Size
2,690 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3909
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Dynamic Real Estate Services
(970) 391-7314
Listed By:
Amber Cano
(970) 388-1544
Added: Apr 27
Changed: Sep 2
Last Checked: Sep 3 at 6:06AM
MLS# 1057598
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 2,690-square-foot duplex, built in 1973, contains two residences with matching layouts. Each side has two bedrooms, one bathroom, a living room, a separate family room, washer and dryer hookups, and an attached one-car garage. Private fenced backyards and patios extend the usable space, while brick construction, forced-air heating, composition roofing, and included electric ranges, dishwashers, and refrigerators add to the existing improvements.
The property occupies 0.24 acres and is served by public sewer, with natural gas available. MMN zoning is identified for the site. Both units include their own garage and fenced outdoor area, supporting separate occupancy within the duplex configuration.
The property occupies 0.24 acres and is served by public sewer, with natural gas available. MMN zoning is identified for the site. Both units include their own garage and fenced outdoor area, supporting separate occupancy within the duplex configuration.
Key Highlights
- 2,690‑square‑foot duplex on a 0.24‑acre lot
- Two residences, each with 2 bedrooms and 1 bathroom
- Separate living room and family room in each unit
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
$35,987
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
5.85%
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%
$719,740
$719.7K
Cap Rate 7%
$514,100
$514.1K
Cap Rate 9%
$399,856
$399.9K
Market Conditions
NOI Build-Up for 2,690 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
$54.2K $20.16/SF
− Vacancy
−$2.8K −$1.05/SF
EGI
$51.4K $19.11/SF
− OpEx
−$15.4K −$5.73/SF
NOI
$36.0K $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%
$719,740
Cap Rate 7%
$514,100
Cap Rate 9%
$399,856
Alternative Uses
Best Use
Multifamily LT 5
$514.1K
$449.8K – $599.8K
NOI $35,987 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$477.1K
$417.4K – $556.6K
NOI $33,395 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$700.5K
$612.9K – $817.2K
NOI $49,033 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 80526, CO
45,624
Population
19,463
Households
2.3
Avg Household Size
35
Median Age
57%
College-Educated
98%
High-School Grad
32.0 sq mi
ZIP Area
1,426
Density / Sq Mi
$89,098
Median Household Income
$42,496
Median Earnings
$1,641
Median Rent
$520,500
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 - Each residence includes two bedrooms, one bathroom, dual living areas, laundry hookups, and an attached garage.
Where is this duplex located?
The property is located at 1943 Pecan St Fort Collins, CO.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 2,690‑square‑foot duplex on a 0.24‑acre lot; Two residences, each with 2 bedrooms and 1 bathroom; Separate living room and family room in each unit
