Split-Level Duplex with Legal
New
For Sale
$687,000
1293 Bedrock Circle, Silt, CO 81652
DUPLEX - Split Level - Silt, CO
Property Size2,824 SF
Lot Size0.12 Acres
Price / SF$243.27
Days on Market1
Property Features for 1293 Bedrock Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Fencing
Fenced
Basement
Finished
Subdivision
Stoney Ridge
Lot features
Landscaped
Directions
North on 16th, left on stoney ridge dr. 1st right at round about on Vista. left on bedrock. home on the left
Standard status
Active
APN
217903433144
Size
2,824 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SECTION: 3 TOWNSHIP: 6 RANGE: 92 SUBDIVISION: STONEY RIDGE PUD LOT: 51A
Tax Annual Amount
2409
HOA Fee
$450 Annually
Legal Description
SECTION: 3 TOWNSHIP: 6 RANGE: 92 SUBDIVISION: STONEY RIDGE PUD LOT: 51A
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
patio
landscaped
Building Details
Year built
2004
Floors in Building
2
Building materials
Wood Siding, Frame
Roof type
Composition
Architectural style
Split Level
Listing Agency:
Eagle West Realty
(970) 274-4407
Listed By:
Trevor Carter
(970) 948-0775
Added: Aug 14
Last Checked: Aug 14 at 9:06PM
MLS# 194192
Copyright © 2026 Aspen Glenwood 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.
This 2,824-square-foot split-level duplex, built in 2004, includes a primary residence with three bedrooms, two bathrooms, a living room, and a one-car garage. A legal accessory dwelling unit adds two bedrooms and one bathroom, with its own entrance for separate occupancy. The property also includes fenced grounds, landscaped patio areas, and ample parking.
Located in Silt, Colorado, the 0.12-acre property is served by public water and uses natural-gas baseboard heating with central air conditioning. Wood siding, a composition roof, and residential zoning complete the core property profile. The two-residence layout supports owner occupancy alongside a separate household or rental arrangement, subject to applicable requirements.
Located in Silt, Colorado, the 0.12-acre property is served by public water and uses natural-gas baseboard heating with central air conditioning. Wood siding, a composition roof, and residential zoning complete the core property profile. The two-residence layout supports owner occupancy alongside a separate household or rental arrangement, subject to applicable requirements.
Key Highlights
- Legal ADU with 2 bedrooms, 1 bathroom, and a separate entrance
- Main residence offers 3 bedrooms, 2 bathrooms, and a 1‑car garage
- 2,824 square feet on a 0.12‑acre lot
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
$36,988
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
5.38%
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%
$739,760
$739.8K
Cap Rate 7%
$528,400
$528.4K
Cap Rate 9%
$410,978
$411.0K
Market Conditions
NOI Build-Up for 2,824 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
$55.9K $19.80/SF
− Vacancy
−$3.1K −$1.09/SF
EGI
$52.8K $18.71/SF
− OpEx
−$15.9K −$5.61/SF
NOI
$37.0K $13.10/SF
Area
Garfield County, CO
Vacancy
5.50%
Lease Rate
$19.80 /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%
$739,760
Cap Rate 7%
$528,400
Cap Rate 9%
$410,978
Alternative Uses
Best Use
Multifamily LT 5
$528.4K
$462.4K – $616.5K
NOI $36,988 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$493.3K
$431.6K – $575.5K
NOI $34,531 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$739.6K
$647.1K – $862.8K
NOI $51,770 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 81652, CO
5,801
Population
2,223
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
89%
High-School Grad
105.4 sq mi
ZIP Area
55
Density / Sq Mi
$97,760
Median Household Income
$47,561
Median Earnings
$2,030
Median Rent
$505,200
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 combine flexible occupancy with separate access and outdoor entertaining areas.
Where is this duplex located?
The property is located at 1293 Bedrock Circle Silt, CO.
What is the asking price?
The asking price for this property is $687,000.
What are key features of this property?
This property features: Legal ADU with 2 bedrooms, 1 bathroom, and a separate entrance; Main residence offers 3 bedrooms, 2 bathrooms, and a 1‑car garage; 2,824 square feet on a 0.12‑acre lot
