Duplex with Finished
For Sale
$575,000
121 Mather Circle, Brighton, CO 80601
Two distinct residences share a fenced outdoor area and offer convenient access to US-85, I-76, and E-470.
Property Size3,072 SF
Price / SF$187.17
Days on Market40
Property Features for 121 Mather Circle
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fenced yard
finished basements
Building Details
Year Built
1961
Buildings
1
Listing Agency:
C3 Real Estate Solutions LLC
(303) 955-4220
Listed By:
Kenna Real Estate Group Team
(303) 955-4220
Source:
Kennarealestate
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 29 at 5:04PM
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 C3 Real Estate Solutions LLC
Investment Insights
Based on property information with market context.
This 3,072-square-foot duplex contains two separate units with a combined seven bedrooms and four bathrooms. One residence offers four bedrooms and two bathrooms, including an updated kitchen, a large living room, and a finished basement with a full bathroom, storage, and work area. The second unit provides three bedrooms and two bathrooms. Both homes feature open living areas and full finished basements.
The property includes a large fenced yard with room for outdoor use, gardening, or entertaining. Mayeda Park is approximately 0.2 miles away, while Carmichael Park is approximately 0.4 miles away. Grocery shopping and everyday conveniences are nearby, with access to US-85, I-76, and E-470.
The property includes a large fenced yard with room for outdoor use, gardening, or entertaining. Mayeda Park is approximately 0.2 miles away, while Carmichael Park is approximately 0.4 miles away. Grocery shopping and everyday conveniences are nearby, with access to US-85, I-76, and E-470.
Key Highlights
- 3,072 sq ft duplex with two separate units
- Seven bedrooms and four bathrooms across both residences
- One unit has 4 bedrooms, 2 bathrooms, and a new kitchen
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
$35,355
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
6.15%
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%
$707,100
$707.1K
Cap Rate 7%
$505,071
$505.1K
Cap Rate 9%
$392,833
$392.8K
Market Conditions
NOI Build-Up for 3,072 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
$53.5K $17.40/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$50.5K $16.44/SF
− OpEx
−$15.2K −$4.93/SF
NOI
$35.4K $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%
$707,100
Cap Rate 7%
$505,071
Cap Rate 9%
$392,833
Alternative Uses
Best Use
Multifamily LT 5
$505.1K
$441.9K – $589.3K
NOI $35,355 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$463.8K
$405.9K – $541.2K
NOI $32,469 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office B
$559.9K
$489.9K – $653.2K
NOI $39,191 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 80601, CO
40,460
Population
13,885
Households
2.9
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
26.2 sq mi
ZIP Area
1,544
Density / Sq Mi
$99,031
Median Household Income
$49,378
Median Earnings
$1,729
Median Rent
$471,900
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 distinct residences share a fenced outdoor area and offer convenient access to US-85, I-76, and E-470.
Where is this duplex located?
The property is located at 121 Mather Circle Brighton, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,072 sq ft duplex with two separate units; Seven bedrooms and four bathrooms across both residences; One unit has 4 bedrooms, 2 bathrooms, and a new kitchen
