Duplex with Finished
For Sale
$619,000
1306 Parker Dr, Longmont, CO 80501
Residential Income, Longmont, CO
Property Size3,768 SF
Lot Size0.22 Acres
Price / SF$164.28
Days on Market82
Property Features for 1306 Parker Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Dining Room, Bathroom 4, Bathroom 2, Basement, Bedroom 2, Bedroom 5
Patio and Porch features
Patio
Interior features
Separate Dining Room, Washer/Dryer Hookup
Exterior features
Balcony
Fencing
Fenced
Fireplace
1
Basement
Partially Finished, Full
Appliances
Electric Range, Dishwasher, Refrigerator
Subdivision
Macy
Lot features
Level, House Faces South, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
View
Hills
Elementary school
Northridge
Middle school
Longs Peak
High school
Longmont
Elementary school district
ST Vrain Dist RE 1J
Middle school district
ST Vrain Dist RE 1J
High school district
ST Vrain Dist RE 1J
Directions
From Main Street x State Hwy 66 in Longmont, go west on State Hwy 66, left on Gay Street immediate right on Parker Dr. Property on right.
Standard status
Active
APN
R0078055
Size
3,768 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3908
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
finished basement
fenced back yard
front yard patio
Building Details
Year built
1983
Floors in Building
2
Number of units
2
Building materials
Frame, Brick
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Colorado Mountain Home Realty
(303) 823-5022
Listed By:
Thomas Adams · License #40007513
(970) 481-5188
Added: Jun 19
Changed: Sep 3
Last Checked: Sep 8 at 10:06AM
MLS# 1062383
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.
Located in northwest Longmont, this 1983 contemporary duplex contains 3,768 square feet on a 0.22-acre lot. Both residences include finished basements, separate dining rooms, washer/dryer hookups, forced-air heat, central air, and fireplaces. Each unit also has a fenced yard, front patio, single-car garage, and two off-street parking spaces. Frame and brick construction, composition roofing, public sewer, and cable availability complete the property profile.
The unit at 1306 Parker Dr is leased through November 30, 2026. The 1308 residence is available for rental or owner occupancy. The property is zoned R-2 and includes electric ranges, dishwashers, and refrigerators in the units.
The unit at 1306 Parker Dr is leased through November 30, 2026. The 1308 residence is available for rental or owner occupancy. The property is zoned R-2 and includes electric ranges, dishwashers, and refrigerators in the units.
Key Highlights
- 3,768 square feet on a 0.22‑acre lot
- Each unit includes a finished basement, single‑car garage, and two off‑street parking spaces
- Fenced outdoor areas with front patios for both residences
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
$43,365
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
7.01%
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%
$867,300
$867.3K
Cap Rate 7%
$619,500
$619.5K
Cap Rate 9%
$481,833
$481.8K
Market Conditions
NOI Build-Up for 3,768 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
$65.6K $17.40/SF
− Vacancy
−$3.6K −$0.96/SF
EGI
$62.0K $16.44/SF
− OpEx
−$18.6K −$4.93/SF
NOI
$43.4K $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%
$867,300
Cap Rate 7%
$619,500
Cap Rate 9%
$481,833
Alternative Uses
Best Use
Multifamily LT 5
$619.5K
$542.1K – $722.8K
NOI $43,365 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$568.9K
$497.8K – $663.8K
NOI $39,825 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office B
$686.7K
$600.9K – $801.2K
NOI $48,070 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
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 - Contemporary two-unit property with private outdoor areas, garages, and separate parking for each residence.
Where is this duplex located?
The property is located at 1306 Parker Dr Longmont, CO.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 3,768 square feet on a 0.22‑acre lot; Each unit includes a finished basement, single‑car garage, and two off‑street parking spaces; Fenced outdoor areas with front patios for both residences
