Duplex with Private Hot Tub and
For Sale
$1,249,000
1233 Baldy Road, Breckenridge, CO 80424
MULTI_FAMILY - BRECKENRIDGE, CO
Property Size2,448 SF
Lot Size0.21 Acres
Price / SF$510.21
Days on Market50
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 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 3
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
fireplace
pool table
Building Details
Year built
1982
Flooring type
Wood, Carpet - Full, 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: Aug 5
Last Checked: Aug 7 at 8:06AM
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 duplex offers four bedrooms and a layout that “lives like” a single-family home, with an open floor plan connecting the kitchen, dining, and living areas. A main level primary suite is complemented by three additional bedrooms and a spacious loft designed as flexible bonus space, including a pool table. The home includes a private yard, a private hot tub, and a firepit, plus an attached one-car garage. Interior features include vaulted ceilings, a kitchen island, walk-in closet(s), and a five-piece bath, along with a radon mitigation system and ceiling fans. Appliances listed include a dishwasher, disposal, microwave, electric range, washer/dryer, and wine cooler. Electric heating and an asphalt roof are in place.
Set on a 0.21-acre lot with 2,448 square feet, the home was built in 1982 and includes a new roof scheduled for Fall 2025. Outdoor access is supported by direct step-on access to the Baldy Trailhead for year-round hiking and skiing activities. The Summit Stage bus stop is just steps away for convenient access to downtown Breckenridge and nearby resort amenities.
Set on a 0.21-acre lot with 2,448 square feet, the home was built in 1982 and includes a new roof scheduled for Fall 2025. Outdoor access is supported by direct step-on access to the Baldy Trailhead for year-round hiking and skiing activities. The Summit Stage bus stop is just steps away for convenient access to downtown Breckenridge and nearby resort amenities.
Key Highlights
- Private hot tub, firepit, and private yard with attached one‑car garage
- Four bedrooms plus a spacious loft with a pool table
- New roof planned for Fall 2025; electric heating and asphalt roof
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
3.27%
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 3.27%
Second Best
Apartment 5plus
$538.3K
$471.1K – $628.1K
NOI $37,684 @ 7.0% cap · market cap 3.02%
Theoretical Best
Warehouse
$48.72M
$42.63M – $56.85M
NOI $3,410,713 @ 7.0% cap · market cap 273.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with four bedrooms, private yard, attached one-car garage, and electric heating, built 1982.
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 $1,249,000.
What are key features of this property?
This property features: Private hot tub, firepit, and private yard with attached one‑car garage; Four bedrooms plus a spacious loft with a pool table; New roof planned for Fall 2025; electric heating and asphalt roof
