Duplex with Attached Basement
For Sale
Under Contract
$599,900
4774 Degas Dr, Loveland, CO 80538
MULTI_FAMILY - Loveland, CO
Property Size2,963 SF
Lot Size0.12 Acres
Price / SF$202.46
Days on Market182
Property Features for 4774 Degas Dr
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Property condition
Under Construction
Zoning
Res
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
Parking
2
Patio and Porch features
Deck
Interior features
Eat-in Kitchen, Open Floorplan, Pantry, Walk-In Closet(s), Washer/Dryer Hookup, Outside Entry, Kitchen Island
Basement
Full, Daylight, Partially Finished
Appliances
Electric Range, Dishwasher, Microwave
Subdivision
Wilson Commons
Lot features
House Faces West, Paved, Curbs, Gutters, Sidewalks
Elementary school
Ponderosa
Middle school
Erwin, Lucile
High school
Loveland
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active Under Contract
APN
R1682971
Size
2,963 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
HOA Fee
$89 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Building materials
Frame, Stone
Roof type
Composition
Listing Agency:
RE/MAX Alliance-FTC South · RE/MAX International
(970) 226-3990
Listed By:
Dennis Schick · License #40040924
(970) 567-3942
Added: Feb 13
Changed: Aug 10
Last Checked: Aug 14 at 10:06AM
MLS# 1051605
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 under-construction duplex features an attached basement accessory dwelling unit with its own separate entrance. The main floor unit is designed for single-level living with two bedrooms, two bathrooms, and an attached two-car garage. The basement ADU includes two bedrooms, one bathroom, and a large storage area.
The ADU has separate comfort and service setups, including a separate thermostat, furnace, AC, electric meter, H2O heater, and mailbox. Interior features include an eat-in kitchen, open floorplan, pantry, kitchen island, walk-in closet(s), and washer/dryer hookup. Heating is forced air and cooling is central air, with a deck provided.
Building and envelope details include active radon mitigation, Class 4 impact-resistant roofing, and a sealed efficiency package with a 95% furnace and HERS testing, along with Energy Star windows. Constructed with frame and stone materials and served by public sewer, the roof is composition.
The ADU has separate comfort and service setups, including a separate thermostat, furnace, AC, electric meter, H2O heater, and mailbox. Interior features include an eat-in kitchen, open floorplan, pantry, kitchen island, walk-in closet(s), and washer/dryer hookup. Heating is forced air and cooling is central air, with a deck provided.
Building and envelope details include active radon mitigation, Class 4 impact-resistant roofing, and a sealed efficiency package with a 95% furnace and HERS testing, along with Energy Star windows. Constructed with frame and stone materials and served by public sewer, the roof is composition.
Key Highlights
- 0.12‑acre lot
- 2‑car attached garage on the main floor
- Attached basement ADU with separate entrance and separate mailbox
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
$30,498
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
5.08%
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%
$609,960
$610.0K
Cap Rate 7%
$435,686
$435.7K
Cap Rate 9%
$338,867
$338.9K
Market Conditions
NOI Build-Up for 2,963 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
$45.5K $15.36/SF
− Vacancy
−$1.9K −$0.66/SF
EGI
$43.6K $14.70/SF
− OpEx
−$13.1K −$4.41/SF
NOI
$30.5K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /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%
$609,960
Cap Rate 7%
$435,686
Cap Rate 9%
$338,867
Alternative Uses
Best Use
Multifamily LT 5
$435.7K
$381.2K – $508.3K
NOI $30,498 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$402.9K
$352.5K – $470.0K
NOI $28,200 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$795.3K
$695.9K – $927.9K
NOI $55,672 @ 7.0% cap · market cap 9.28%
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
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
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 - Under construction duplex with attached basement ADU, separate entrance, and dedicated utilities for flexible multi-generational living.
Where is this duplex located?
The property is located at 4774 Degas Dr Loveland, CO.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 0.12‑acre lot; 2‑car attached garage on the main floor; Attached basement ADU with separate entrance and separate mailbox
