Four-Bedroom Duplex with Private
For Sale
$1,175,000
1233 Baldy Road, Breckenridge, CO 80424
Residential, BRECKENRIDGE, CO
Property Size2,448 SF
Lot Size0.21 Acres
Price / SF$479.98
Days on Market94
Property Features for 1233 Baldy Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Pets allowed
Yes
Interior features
Ceiling Fan(s), Five Piece Bath, High Ceilings, Kitchen Island, Open Floorplan, Primary Suite, Radon Mitigation System, Vaulted Ceiling(s), Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Range Electric, Washer / Dryer, Wine Cooler, Electric Water Heater, Oven
Subdivision
WOODMOOR AT BRECKENRIDGE SUB
Lot features
Near Public Transit
View
Mountains
Standard status
Active
APN
1800491
Size
2,448 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4780
Utilities
Heating system
Electric (Heating)
Amenities
private yard
private hot tub
firepit
pool table
fireplace
Building Details
Year built
1982
Flooring type
Carpet - Full, Wood, Tile
Roof type
Asphalt
Listing Agency:
LIV Sotheby's I.R. · Sotheby's International Realty
(970) 453-0550
Listed By:
Stephanie V. Ernst
(970) 306-5001
Added: Jun 19
Changed: Sep 19
Last Checked: Sep 20 at 7:06PM
MLS# S1069766
Copyright © 2026 Altitude 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 Breckenridge duplex provides 2,448 square feet of living space on a 0.21-acre lot. The open floor plan connects the kitchen, dining area, and living room, while vaulted ceilings, a fireplace, and mountain views shape the main gathering spaces. A primary suite is located on the main level, with three additional bedrooms and a loft that includes a pool table. The property also features a private yard, hot tub, firepit, and attached one-car garage.
Located at 1233 Baldy Road, the property offers direct access to the Baldy Trailhead for hiking, skiing, mountain biking, trail running, and snowshoeing. A Summit Stage bus stop nearby provides free transportation to downtown Breckenridge, the Gondola, ski areas, dining, and shopping. The 1982-built duplex has an asphalt roof, electric heating, wood, tile, and carpet flooring, plus a radon mitigation system. A new roof was completed in Fall 2025, and a new oven and carpet were added in Summer 2026.
Located at 1233 Baldy Road, the property offers direct access to the Baldy Trailhead for hiking, skiing, mountain biking, trail running, and snowshoeing. A Summit Stage bus stop nearby provides free transportation to downtown Breckenridge, the Gondola, ski areas, dining, and shopping. The 1982-built duplex has an asphalt roof, electric heating, wood, tile, and carpet flooring, plus a radon mitigation system. A new roof was completed in Fall 2025, and a new oven and carpet were added in Summer 2026.
Key Highlights
- Four‑bedroom duplex with 2,448 square feet of living space
- 0.21‑acre lot with private yard, hot tub, and firepit
- Main‑level primary suite plus three additional bedrooms
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
$40,808
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
3.47%
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%
$816,160
$816.2K
Cap Rate 7%
$582,971
$583.0K
Cap Rate 9%
$453,422
$453.4K
Market Conditions
NOI Build-Up for 2,448 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
$61.7K $25.20/SF
− Vacancy
−$3.4K −$1.39/SF
EGI
$58.3K $23.81/SF
− OpEx
−$17.5K −$7.14/SF
NOI
$40.8K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$816,160
Cap Rate 7%
$582,971
Cap Rate 9%
$453,422
Alternative Uses
Best Use
Multifamily LT 5
$583.0K
$510.1K – $680.1K
NOI $40,808 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$538.3K
$471.1K – $628.1K
NOI $37,684 @ 7.0% cap · market cap 3.21%
Theoretical Best
Warehouse
$48.72M
$42.63M – $56.85M
NOI $3,410,713 @ 7.0% cap · market cap 290.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Open-concept mountain residence with a loft, attached garage, hot tub, and direct Baldy Trailhead access.
Where is this duplex located?
The property is located at 1233 Baldy Road Breckenridge, CO.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Four‑bedroom duplex with 2,448 square feet of living space; 0.21‑acre lot with private yard, hot tub, and firepit; Main‑level primary suite plus three additional bedrooms
