Duplex with Private
For Sale
Under Contract
$600,000
131 2nd Street, Silt, CO 81652
Residential, Silt, CO
Property Size1,500 SF
Lot Size0.18 Acres
Price / SF$400
Days on Market143
Property Features for 131 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2
Fencing
Fenced
Basement
Unfinished
Subdivision
Townsite of Silt
Lot features
Corner Lot
Directions
Main St Silt to 2nd St, head north on 2nd, 1st residence on left
Standard status
Active Under Contract
APN
217910209001
Size
1,500 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SECTION: 10 TOWNSHIP: 6 RANGE: 92 SUBDIVISION: ORIGINAL TWNSTE SILT BLOCK: 2 LOT: 1 THRU:- LOT: 3
Tax Annual Amount
2076
Legal Description
SECTION: 10 TOWNSHIP: 6 RANGE: 92 SUBDIVISION: ORIGINAL TWNSTE SILT BLOCK: 2 LOT: 1 THRU:- LOT: 3
Utilities
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
fenced back yards
covered front porches
washer/dryer hookups
Building Details
Year built
1938
Building materials
Log Siding, Log
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Coldwell Banker Mason Morse-GWS · Coldwell Banker Real Estate
(970) 928-9000
Listed By:
Erin Bassett
(970) 309-3319
Added: May 29
Changed: Oct 8
Last Checked: Oct 18 at 12:06PM
MLS# 193029
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot duplex contains two ranch-style units, each with two bedrooms, one bathroom, a private one-car garage, and a fenced backyard. The property sits on a 0.18-acre corner lot and includes a shared basement with two washer and dryer hookups plus additional storage. Gas and electric service are separately metered for each unit.
Improvements completed in 2013 included kitchen cabinetry and countertops, windows, covered front porches, bathroom finishes, tubs, tile flooring, and composition roofs over the main homes. Original hardwood floors have been refinished, and the property has a new sewer line dated December 2025 and a newer hot water heater serving the 131 unit. Public water, natural-gas heating, and RES zoning are established features. There is no HOA.
Improvements completed in 2013 included kitchen cabinetry and countertops, windows, covered front porches, bathroom finishes, tubs, tile flooring, and composition roofs over the main homes. Original hardwood floors have been refinished, and the property has a new sewer line dated December 2025 and a newer hot water heater serving the 131 unit. Public water, natural-gas heating, and RES zoning are established features. There is no HOA.
Key Highlights
- Two‑unit duplex totaling 1,500 square feet
- Each unit has 2 bedrooms, 1 bathroom, and a private one‑car garage
- 0.18‑acre corner lot with fenced backyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,647
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,940
$392.9K
Cap Rate 7%
$280,671
$280.7K
Cap Rate 9%
$218,300
$218.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$29.7K $19.80/SF
− Vacancy
−$1.6K −$1.09/SF
EGI
$28.1K $18.71/SF
− OpEx
−$8.4K −$5.61/SF
NOI
$19.6K $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 Rate 5%
$392,940
Cap Rate 7%
$280,671
Cap Rate 9%
$218,300
Alternative Uses
Best Use
Multifamily LT 5
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$262.0K
$229.3K – $305.7K
NOI $18,342 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
199
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style units offer separate utilities, fenced yards, and shared basement storage.
Where is this duplex located?
The property is located at 131 2nd Street Silt, CO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,500 square feet; Each unit has 2 bedrooms, 1 bathroom, and a private one‑car garage; 0.18‑acre corner lot with fenced backyards
