Duplex with Fenced Yard and
For Sale
$625,000
1205 Cypress Dr, Fort Collins, CO 80521
CONDOS - Fort Collins, CO
Property Size1,732 SF
Lot Size0.18 Acres
Price / SF$360.85
Days on Market143
Property Features for 1205 Cypress Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RL
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking
2
Patio and Porch features
Patio
Interior features
Open Floorplan
Fencing
Fenced
Appliances
Electric Range, Refrigerator
Subdivision
Elliott Miller
Lot features
Wooded, Level, House Faces East, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Bauder
Middle school
Blevins
High school
Rocky Mountain
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
From Prospect & Taft, go North on Taft one block, turn left on W. Lake Street. Turn Right on Cypress Drive and duplex is on your left. From Prospect & Overland Trail, go North on Overland Trail one block, turn right onto W. Lake Street. Turn left on Cypress Drive and duplex is on your left.
Standard status
Active
APN
R0171794
Size
1,732 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3122
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Amenities
fenced yard
storage
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Building materials
Frame, Brick
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Your Castle Real Estate LLC
(303) 962-4272
Listed By:
Dan Bode · License #100041111
(970) 290-6164
Added: Apr 2
Changed: Aug 2
Last Checked: Aug 22 at 7:06PM
MLS# 1055394
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.
Duplex with frame and brick construction, built in 1968. The interior features an open floor plan, with forced-air heating and ceiling fans for cooling. Appliances include an electric range and refrigerator. The property also includes a patio, fenced yard, and the benefit of cable availability and public sewer service. The roof was replaced in 2024 and is listed as composition roofing.
In West Fort Collins, the home is described as professionally managed with a convenient rental-focused setup that includes dedicated parking and storage, and no HOA.
Zoned RL, this duplex is offered for sale as an investment property.
In West Fort Collins, the home is described as professionally managed with a convenient rental-focused setup that includes dedicated parking and storage, and no HOA.
Zoned RL, this duplex is offered for sale as an investment property.
Key Highlights
- Roof replaced in 2024 with composition roofing
- Fenced yard plus patio
- Dedicated parking and storage
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
$23,171
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
3.71%
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%
$463,420
$463.4K
Cap Rate 7%
$331,014
$331.0K
Cap Rate 9%
$257,456
$257.5K
Market Conditions
NOI Build-Up for 1,732 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
$34.9K $20.16/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$33.1K $19.11/SF
− OpEx
−$9.9K −$5.73/SF
NOI
$23.2K $13.38/SF
Area
Fort Collins, CO
Vacancy
5.20%
Lease Rate
$20.16 /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%
$463,420
Cap Rate 7%
$331,014
Cap Rate 9%
$257,456
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.6K – $386.2K
NOI $23,171 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$451.0K
$394.6K – $526.2K
NOI $31,571 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 80521, CO
37,451
Population
15,121
Households
2.5
Avg Household Size
26
Median Age
63%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,675
Density / Sq Mi
$52,679
Median Household Income
$15,918
Median Earnings
$1,412
Median Rent
$541,300
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 - Duplex in Fort Collins zoned RL featuring a fenced yard, patio, and dedicated parking and storage with no HOA
Where is this duplex located?
The property is located at 1205 Cypress Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Roof replaced in 2024 with composition roofing; Fenced yard plus patio; Dedicated parking and storage
