Ranch Duplex with Private
131 2nd Street Silt, CO 81652
131 2nd Street, Silt, CO, 81652
$650,000
For Sale
$650,000
DUPLEX - Ranch - Silt, CO
Property Size1,500 SF
Lot Size0.18 Acres
Price / SF$433.33
Days on Market51
Property Features for 131 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RES
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, 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
- Hot Water(Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1938
- Building materials
- Log Siding, Log
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency
Coldwell Banker Mason Morse-GWS
(970) 928-9000
1614 Grand Ave, Aspen, CO
Listed by
Erin Bassett · License #FA40042409
(970) 309-3319
Added: May 29 Checked: Jul 18 at 5:06 am
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Duplex built in 1938 with Ranch style; remodeled in 2013 including new covered front porches, new windows, and roof over the main homes
- Each unit is a 2 bed/1 bath with a private one‑car garage and fenced back yard
- Large corner lot with no neighbors on the north or south sides
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $19.80 |
| − Vacancy | −$1.6k | −$1.09 |
| EGI | $28.1k | $18.71 |
| − OpEx | −$8.4k | −$5.61 |
| NOI | $19.6k | $13.10 |
1,500 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$262.0K
$229.3K – $305.7K
NOI $18,342 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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: Duplex built in 1938 with Ranch style; remodeled in 2013 including new covered front porches, new windows, and roof over the main homes; Each unit is a 2 bed/1 bath with a private one‑car garage and fenced back yard; Large corner lot with no neighbors on the north or south sides
