Two-Unit Duplex With Detached
For Sale
$450,000
Pending
1356-1358 Merl Place, Longmont, CO 80501
Front and rear residences share matching two-bedroom layouts on a cul-de-sac lot.
Property Size1,768 SF
Lot Size0.23 Acres
Days on Market69
Property Features for 1356-1358 Merl Place
General Information
Standard status
Pending
Size
1,768 SF
Lot size
0.23 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,467
Building Details
Year Built
1972
Buildings
1
Tenancy
Multi
Listing Agency:
Compass - Boulder
(303) 487-5472
Listed By:
Brian Sundberg · License #40013938
(303) 931-5483
Source:
Exitrealty
Added: Jul 31
Changed: Sep 10
Last Checked: Sep 15 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass - Boulder
Investment Insights
Based on property information with market context.
This front-and-back duplex includes two matching 884-square-foot residences, each with two bedrooms, one bathroom, a kitchen, dining room, living room, and a laundry closet with side-by-side washer and dryer hookups. The front unit has new carpet and vinyl flooring, with its existing appliances included. The back unit is rented, while the front unit is positioned for an owner-occupant. A new roof was installed in 2023.
The property occupies a 9,978-square-foot lot on a cul-de-sac in North Longmont. Each residence has its own detached one-car garage, and the long shared driveway provides additional parking. The back garage door is scheduled for repair and currently does not open. Built in 1972, the duplex offers separate living spaces with a consistent floor plan across both units.
The property occupies a 9,978-square-foot lot on a cul-de-sac in North Longmont. Each residence has its own detached one-car garage, and the long shared driveway provides additional parking. The back garage door is scheduled for repair and currently does not open. Built in 1972, the duplex offers separate living spaces with a consistent floor plan across both units.
Key Highlights
- Two 884‑square‑foot units with matching two‑bedroom, one‑bathroom floor plans
- Front unit features new carpet, new vinyl flooring, and included appliances
- Back unit is rented; front unit is positioned for an owner‑occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,048
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,960
$661.0K
Cap Rate 7%
$472,114
$472.1K
Cap Rate 9%
$367,200
$367.2K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$50.5K $28.56/SF
− Vacancy
−$3.3K −$1.86/SF
EGI
$47.2K $26.70/SF
− OpEx
−$14.2K −$8.01/SF
NOI
$33.0K $18.69/SF
Area
Boulder County, CO
Vacancy
6.50%
Lease Rate
$28.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,960
Cap Rate 7%
$472,114
Cap Rate 9%
$367,200
Alternative Uses
Best Use
Multifamily LT 5
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$439.7K
$384.7K – $513.0K
NOI $30,778 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$533.4K
$466.8K – $622.3K
NOI $37,340 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
893
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 - Front and rear residences share matching two-bedroom layouts on a cul-de-sac lot.
Where is this duplex located?
The property is located at 1356-1358 Merl Place Longmont, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two 884‑square‑foot units with matching two‑bedroom, one‑bathroom floor plans; Front unit features new carpet, new vinyl flooring, and included appliances; Back unit is rented; front unit is positioned for an owner‑occupant
