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    Ranch Duplex with Private Garages Title is generated by Realmo AI

    131 2nd Street, Silt, CO 81652

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    For Sale
    $650,000

    DUPLEX - Ranch - Silt, CO

    Type:Single Family Residence
    Property size:
    1,500 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $433/SF
    Added:
    May 29, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 131 2nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    RES
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Fencing
    Fenced
    Basement
    Unfinished
    Standard status
    Active
    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

    Utilities

    Heating system
    Natural Gas, Baseboard, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1938
    Building materials
    Log Siding, Log
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Erin Bassett

    Listing agent Erin Bassett License #FA40042409

    Listing office Coldwell Banker Mason Morse-GWS 1614 Grand Ave, Aspen, CO

    Listing date May 29, 2026

    MLS# 193029 Listing URL

    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.

    HighLights

    • 2‑unit duplex in Silt; each unit is 2 bed/1 bath with a private one‑car garage
    • Remodeled in 2013 with covered front porches, new windows, roofs over the main homes, and updated kitchen cabinets, countertops, and appliances
    • Recent upgrades include a new sewer line (Dec 2025), new hot water heater for the 131 unit, and refinished original hardwood floors
    • Shared basement includes two washer/dryer hookups and additional storage
    • Fenced corner lot with no neighbors on the north or south sides
    • Gas and electric are metered separately; public water service with town of Silt irrigation water in the SW corner

    Overview

    This ranch duplex offers a practical two-unit setup designed for reliable residential income. Each unit features two bedrooms and one bathroom, along with its own one-car garage and fenced backyard space. A shared basement includes two washer/dryer hookups and additional storage, supporting convenient day-to-day living for both tenants and owner-occupants. The property was remodeled in 2013 with new covered front porches, new windows, and roofs over the main homes, plus kitchen updates including new cabinets, countertops, and newer appliances. Recent improvements include a new sewer line in December 2025 and a new hot water heater for the 131 unit, along with refinished hardwood floors.

    Located in the heart of Silt, the duplex sits on a large corner lot. Gas and electric are metered separately, which can help simplify utility management. Town of Silt irrigation water is located in the SW corner of the property, and the shared basement provides easy access to common laundry hookups.

    For investors, the configuration supports straightforward rental operation with separate utilities and private garages for each unit. For buyers who want to live in one side, the layout provides comfortable privacy and outdoor space while rental income may be considered for mortgage qualification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Silt
    County
    Garfield
    State
    Colorado
    Longitude
    -107.66153
    Latitude
    39.547578

    Nearby Similar for Sale

    • $780,000
      2,312 SF

      Remodeled Duplex in Silt, Colorado

      Turnkey duplex with modern updates, ideal for income generation.
      510 N 16th Street, Silt, CO 81652
      View Details
    • $960,000

      Mountain Ranch Retreat with Log Home

      40-acre ranch featuring a log home, ponds, and pasture.
      1563 County Road 326, Silt, CO 81652
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with two bedrooms per unit, private one-car garages, and fenced back yards on a corner lot.
    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 $650,000.
    What are key features of this property?
    This property features: 2‑unit duplex in Silt; each unit is 2 bed/1 bath with a private one‑car garage; Remodeled in 2013 with covered front porches, new windows, roofs over the main homes, and updated kitchen cabinets, countertops, and appliances; Recent upgrades include a new sewer line (Dec 2025), new hot water heater for the 131 unit, and refinished original hardwood floors
    (970) 309-3319
    We can help!
    Listing Contact
    Erin Bassett
    Real Estate License ID: FA40042409
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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