Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    216 W 2 St Ordway, CO 81063

    View on Map
    Sponsored
    For Sale
    $150,000

    MULTI_FAMILY - Ranch - Ordway, CO

    Type:Single Family Residence
    Property size:
    1,767 SF
    Lot size:
    0.16 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 11 at 7:06 am

    Property Features for 216 W 2 St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Single Pane Window(s)
    Zoning
    R-1
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    10101006
    Parking features
    Garage
    Fireplace
    1
    Appliances
    Refrigerator-All, Gas Range-Some, Electric Range-Some, Washer-Some, Dryer-All, Gas Cooktop-Some, Electric Cooktop-Some
    Size
    1,767 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1914
    Number of units
    2
    Building materials
    Stucco, Plastic Plumbing
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jordan Tavizon

    HomeSmart Preferred Realty (719) 582-1046

    Listing agent Jordan Tavizon (719) 469-9909

    Listing date Mar 8, 2026

    MLS# 238465 Listing URL

    Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Duplex in Ordway, Colorado

    This is a remodeled duplex featuring two units, each with 2 bedrooms and 1 full bathroom. The property was completely renovated in 2017 with upgrades including PEX plumbing, forced heating and central air. Additional improvements include an updated roof, new flooring throughout, and custom kitchen cabinets with modern countertops. Suited for investors seeking an income-producing property or homeowners looking to offset mortgage costs with rental income, this move-in ready duplex offers flexibility and affordability. The lot size is 0.163 acres. The property is located in Ordway, Colorado, with a total size of 1767 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Ordway
    County
    Crowley
    State
    Colorado
    Longitude
    -103.7588737
    Latitude
    38.2165389

    Nearby Similar for Sale

    • $225,000
      4,800 SF

      New Build on 5.2 Acres

      New construction on 5.2 acres with advanced infrastructure.
      8745 Maverick Ln, Ordway, CO 81063
      View Details
    • $275,000
      5,800 SF

      Mixed-Use Building on Main Street

      Versatile mixed-use property in Ordway, ideal for investors/owner-occupants.
      208/210 Main St, Ordway, CO 81063
      View Details
    • $285,000
      4,800 SF

      Ordway Cultivation Facility on 4.28 Acres

      State-of-the-art cultivation facility in Ordway, Colorado, ready for immediate operations.
      7943 Maverick Ln, Ordway, CO 81063
      View Details
    • $350,000
      Pending

      Turnkey Cannabis Grow Operation

      Scalable indoor/outdoor cannabis grow operation with greenhouse and equipment.
      8488 Maverick Ln, Ordway, CO 81063
      View Details
    • $295,000
      5.20 Acres

      Ordway Commercial Property with Warehouse

      State-of-the-art warehouse and greenhouse on 5.2 acres.
      8294 Maverick Ln, Ordway, CO 81063
      View Details
    • $295,000
      5.20 Acres

      Industrial Property for Growers

      5.2-acre property with state-of-the-art facilities for agricultural operations.
      8356 Maverick Ln, Ordway, CO 81063
      View Details
    • $450,000
      Pending

      Agricultural Property with Greenhouse in Ordway

      5.2 acre agricultural property with extensive production facilities.
      19623 County Road H, Ordway, CO 81063
      View Details
    • $450,000
      Pending

      Automated Greenhouse on 5.2 Acres

      Agricultural property with greenhouse, home, and outbuilding in Ordway, CO.
      19623 County Road H, Ordway, CO 81063
      View Details
    • $450,000
      17,368 SF

      Automated Greenhouse on 5.2 Acres

      5.2 acre property with greenhouse and residential home.
      19623 County Rd, Ordway, CO
      View Details
    • $999,900

      Industrial Property in Ordway, Colorado

      Industrial property available for sale in Ordway, Colorado.
      19658 Tamarack Ln, Ordway, CO 81063
      View Details
    • $610,000
      27,208 SF

      Automated Greenhouse and Industrial Buildings

      4.41 acre property with greenhouse and industrial buildings.
      7950 Maverick Ln, Ordway, CO
      View Details
    • $640,000

      Cultivation Business Opportunity with Warehouse

      2.5 acres, warehouse, and licenses for outdoor cultivation.
      8098 Maverick Ln, Ordway, CO 81063
      View Details

    FAQs

    What type of property is this?
    Duplex - Renovated duplex with two units, ideal for investors or homeowners.
    Where is this duplex located?
    The property is located at 216 W 2 St Ordway, CO.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Completely renovated in 2017 with major upgrades.; - Duplex configuration provides income-producing potential or mortgage offset.; - Each unit has 2 bedrooms and 1 full bathroom.
    (719) 469-9909
    Request Owner's contact information
    216 W 2 St Ordway, CO 81063
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 W 2 St
    Ordway, CO 81063
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216 W 2 St Ordway, CO 81063
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jordan Tavizon
    (719) 469-9909
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!