Gypsum Duplex with Expansion
300 First Street Gypsum, CO 81637
300 First Street, Gypsum, CO, 81637
$549,000
For Sale
$549,000
DUPLEX - Gypsum, CO
Property Size1,211 SF
Lot Size0.08 Acres
Price / SF$453.34
Days on Market80
Property Features for 300 First Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi-Family
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
- Parking
- 6
- Patio and Porch features
- Patio
- Pets allowed
- Cats OK, Dogs OK
- Interior features
- Patio, Vaulted Ceiling(s)
- Appliances
- Dishwasher, Microwave, Range, Range Hood, Refrigerator
- Standard status
- Active
- APN
- 2111-053-41-002
- Size
- 1,211 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Subdivision: OLD TOWN HALL DUPLEX Lot: 24B
- Tax Annual Amount
- 2333
Utilities
- Utilities
- Cable Available
- Heating system
- Baseboard, Radiant
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Flooring type
- Concrete, Carpet, Tile
- Building materials
- Frame, Stucco
Listing agency
Berkshire Hathaway - Eagle Ranch
(970) 328-2482
Listed by
Eric Messmer · License #FA100005562
(970) 376-0041
Added: May 5 Updated: Jul 22 at 2:53AM Checked: Jul 23 at 7:06AM
MLS# 1014047
Copyright © 2026 Vail Board 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.
Investment Insights
Based on property information with market context.
This property offers a unique opportunity to own a 1,211 square foot, ranch-style, one-half duplex featuring two bedrooms and two bathrooms. Located in the heart of Gypsum, Colorado, this property has no stairs and no Home Owners Association. It includes parking space for six vehicles on the property. The duplex features vaulted ceilings in the great room and kitchen, and a functional floor plan. A new roof was installed in 2019. There is potential for both vertical and horizontal expansion, subject to buyer verification with the Town of Gypsum. The property is located in Eagle County and has multi-family zoning on a 0.08-acre lot.
Key Highlights
- 2 bed, 2 bath ranch‑style 1/2 duplex with no stairs
- Vaulted ceilings in the great room and kitchen, plus a great floor plan
- Parking for six on your own property
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $25.56 |
| − Vacancy | −$7.0k | −$5.80 |
| EGI | $23.9k | $19.76 |
| − OpEx | −$7.2k | −$5.93 |
| NOI | $16.7k | $13.83 |
1,211 SF · lease $25.56/SF/yr · vacancy 22.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.3K
$209.4K – $279.2K
NOI $16,749 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$217.2K
$190.1K – $253.4K
NOI $15,206 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$332.2K
$290.6K – $387.5K
NOI $23,251 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-bedroom duplex in Gypsum with parking and expansion possibilities.
Where is this duplex located?
The property is located at 300 First Street Gypsum, CO.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2 bed, 2 bath ranch‑style 1/2 duplex with no stairs; Vaulted ceilings in the great room and kitchen, plus a great floor plan; Parking for six on your own property
