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    Updated Duplex in Castle Ridge

    94 CASTLE RIDGE Drive New Castle, CO 81647

    94 CASTLE RIDGE Drive, New Castle, CO, 81647
    $580,000
    For Sale
    $580,000

    DUPLEX - New Castle, CO

    Property Size1,620 SF
    Lot Size0.10 Acres
    Price / SF$358.02
    Days on Market408

    Property Features for 94 CASTLE RIDGE Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    PUD
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 3
    Basement
    Crawl Space
    Standard status
    Active
    APN
    212332417078
    Size
    1,620 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Section: 32 Township: 5 Range: 90 Subdivision: CASTLE RIDGE PUD Lot: 4-B AMENDED LOT 4, A RE-SUB OF TR. A, BURNING MOUNTAIN PUD, PH#2.
    Tax Annual Amount
    1953

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    2
    Building materials
    Frame
    Roof type
    Composition
    Listing agency ENGEL & VOLKERS
    Listed by Christopher L Burley
    Added: Jun 10, 2025 Updated: Jul 17 at 10:31AM Checked: Jul 22 at 7:06PM
    MLS# 188752

    Copyright © 2026 Aspen Glenwood 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 updated half-duplex is located in the Castle Ridge neighborhood. The property features new luxury vinyl plank flooring, fresh interior paint, and new counters. A full Whirlpool appliance package is included. The property has 3 bedrooms and 2.5 bathrooms. The residence provides 1620 square feet of living space and includes an oversized two-car garage. The lot size is 0.1 acres and features a xeriscaped yard. The property is zoned PUD. It is suitable for first-time homebuyers or investors.

    Key Highlights

    • 3‑bedroom, 2.5‑bath half‑duplex built in 2007 in the Castle Ridge neighborhood
    • Brand‑new luxury vinyl plank flooring and fresh interior paint
    • New counters and a full Whirlpool appliance package included

    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 $32.1k $19.80
    − Vacancy −$1.8k −$1.09
    EGI $30.3k $18.71
    − OpEx −$9.1k −$5.61
    NOI $21.2k $13.10
    1,620 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $303.1K
    $265.2K – $353.6K (±1% cap)
    NOI $21,218 @ 7.0% cap · market cap 3.66%
    Second Best
    Apartment 5plus
    $283.0K
    $247.6K – $330.2K (±1% cap)
    NOI $19,809 @ 7.0% cap · market cap 3.42%
    Theoretical Best
    Office A
    $424.3K
    $371.2K – $495.0K (±1% cap)
    NOI $29,698 @ 7.0% cap · market cap 5.12%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage HVAC Service Plumbing Service Grocery & Convenience Store Storage Facility Furniture & Home Goods Building Supply Auto Repair Shop Cafe & Coffee Shop Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Move-in ready duplex with modern updates and low-maintenance yard.
    Where is this duplex located?
    The property is located at 94 CASTLE RIDGE Drive New Castle, CO.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: 3‑bedroom, 2.5‑bath half‑duplex built in 2007 in the Castle Ridge neighborhood; Brand‑new luxury vinyl plank flooring and fresh interior paint; New counters and a full Whirlpool appliance package included
    Contact an agent
    (970) 485-4570
    We can help!
    Contact an agent
    Christopher L Burley
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