Duplex with Mountain
New
For Sale
$869,000
1145 White River Drive, Gypsum, CO 81637
DUPLEX - Gypsum, CO
Property Size1,865 SF
Lot Size0.15 Acres
Price / SF$465.95
Days on Market2
Property Features for 1145 White River Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking
2
Parking features
Garage
Patio and Porch features
Deck
Pets allowed
Dogs OK, Cats OK
Fencing
Fenced
Appliances
Electric Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
Subdivision
Hawks Nest @ Buckhorn Valley
Standard status
Active
APN
2111-113-22-013
Size
1,865 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Hawks Nest at Buckhorn Valley Filing 3 Lot: 5B
Tax Annual Amount
6167
HOA Fee
$225 Monthly
Legal Description
Hawks Nest at Buckhorn Valley Filing 3 Lot: 5B
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Radiant
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Flooring type
Simulated wood, Tile, Carpet
Building materials
Frame, Wood Siding
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway - Gypsum · Berkshire Hathaway HomeServices
(970) 476-0476
Listed By:
Eugene Slaughter
(970) 471-0645
Added: Aug 7
Last Checked: Aug 8 at 12:06PM
MLS# 1014902
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 1,865-square-foot duplex property was built in 2022 and features a three-bedroom, 3.5-bathroom layout with an open interior arrangement. The home includes quartz countertops, stainless-steel appliances, simulated-wood flooring, tile, carpet, air conditioning through a heat pump, and radiant heat. A main-level en-suite bedroom and loft area add flexibility, while the garage provides dedicated parking. Outdoor features include a deck, fenced landscaping, and views toward Castle Peak.
The property occupies 0.15 acres in Gypsum’s Buckhorn Valley area and directly adjoins BLM open space. It is located near Gypsum and Eagle, with Eagle County Regional Airport and area ski resorts also within the surrounding regional context. Public water, cable availability, an asphalt roof, and wood siding are additional property details.
The property occupies 0.15 acres in Gypsum’s Buckhorn Valley area and directly adjoins BLM open space. It is located near Gypsum and Eagle, with Eagle County Regional Airport and area ski resorts also within the surrounding regional context. Public water, cable availability, an asphalt roof, and wood siding are additional property details.
Key Highlights
- Duplex property with 1,865 square feet of finished space
- Built in 2022 with a three‑bedroom, 3.5‑bathroom layout
- 0.15‑acre site directly adjoining BLM open space
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
$25,794
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
2.97%
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%
$515,880
$515.9K
Cap Rate 7%
$368,486
$368.5K
Cap Rate 9%
$286,600
$286.6K
Market Conditions
NOI Build-Up for 1,865 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
$47.7K $25.56/SF
− Vacancy
−$10.8K −$5.80/SF
EGI
$36.8K $19.76/SF
− OpEx
−$11.1K −$5.93/SF
NOI
$25.8K $13.83/SF
Area
Eagle County, CO
Vacancy
22.70%
Lease Rate
$25.56 /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%
$515,880
Cap Rate 7%
$368,486
Cap Rate 9%
$286,600
Alternative Uses
Best Use
Multifamily LT 5
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$334.5K
$292.7K – $390.3K
NOI $23,418 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$511.5K
$447.6K – $596.8K
NOI $35,808 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 81637, CO
9,845
Population
3,291
Households
3
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
787.3 sq mi
ZIP Area
13
Density / Sq Mi
$108,556
Median Household Income
$47,262
Median Earnings
$2,162
Median Rent
$549,800
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 - 2022-built residence with an open layout, flexible loft space, and direct access to BLM open space.
Where is this duplex located?
The property is located at 1145 White River Drive Gypsum, CO.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Duplex property with 1,865 square feet of finished space; Built in 2022 with a three‑bedroom, 3.5‑bathroom layout; 0.15‑acre site directly adjoining BLM open space
