Duplex with Fenced
For Sale
$749,000
1005 Harmon Pl, Longmont, CO 80501
Two-unit property with private outdoor space and garage parking for each residence.
Property Size3,928 SF
Price / SF$190.68
Days on Market74
Property Features for 1005 Harmon Pl
General Information
Standard status
Active
Size
3,928 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,549
Amenities
private fenced yard
Building Details
Buildings
1
Listing Agency:
Sidekick Realty
(720) 987-3623
Listed By:
Nathan Van Camp
(720) 987-3623
Source:
Exprealty
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 29 at 4:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sidekick Realty
Investment Insights
Based on property information with market context.
This duplex contains 3,928 square feet across two residential units. One side is vacant and available for immediate viewing, while both residences include a private fenced yard and a semi-attached two-car garage. The configuration supports separate living arrangements with dedicated outdoor and parking areas for each unit.
Set on a quiet street near schools, shopping, parks, and commuter routes, the property offers convenient access to everyday services and transportation connections. Its two-unit layout provides flexibility for an owner occupant or an investor seeking residential rental space.
Set on a quiet street near schools, shopping, parks, and commuter routes, the property offers convenient access to everyday services and transportation connections. Its two-unit layout provides flexibility for an owner occupant or an investor seeking residential rental space.
Key Highlights
- 3,928‑square‑foot duplex with two residential units
- One vacant side available for immediate viewing
- Each unit includes a private fenced yard
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
$45,207
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
6.04%
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%
$904,140
$904.1K
Cap Rate 7%
$645,814
$645.8K
Cap Rate 9%
$502,300
$502.3K
Market Conditions
NOI Build-Up for 3,928 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
$68.3K $17.40/SF
− Vacancy
−$3.8K −$0.96/SF
EGI
$64.6K $16.44/SF
− OpEx
−$19.4K −$4.93/SF
NOI
$45.2K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /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%
$904,140
Cap Rate 7%
$645,814
Cap Rate 9%
$502,300
Alternative Uses
Best Use
Multifamily LT 5
$645.8K
$565.1K – $753.5K
NOI $45,207 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$593.1K
$519.0K – $691.9K
NOI $41,516 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office B
$715.9K
$626.4K – $835.2K
NOI $50,111 @ 7.0% cap · market cap 6.69%
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
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
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 - Two-unit property with private outdoor space and garage parking for each residence.
Where is this duplex located?
The property is located at 1005 Harmon Pl Longmont, CO.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3,928‑square‑foot duplex with two residential units; One vacant side available for immediate viewing; Each unit includes a private fenced yard
