Villa-Style Residential
For Sale
$600,000
141 Washington St, Erie, CO 80516
A 2025 residence pairs a vaulted primary suite with a flexible upstairs loft and dedicated office nook.
Property Size2,037 SF
Price / SF$294.55
Days on Market106
Property Features for 141 Washington St
General Information
Standard status
Active
Size
2,037 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,387
Building Details
Building Size
2,037 SF
Year Built
2025
Listing Agency:
Shelbie Gehle
Listed By:
Shelbie Gehle
(719) 659-3083
Source:
Flatironsbrokerage
Added: Jul 14
Changed: Oct 27
Last Checked: Oct 27 at 3:16AM
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 Shelbie Gehle
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Investment Insights
Based on property information with market context.
This villa-plan residence was built in 2025 and features a two-tone kitchen with a center island, gas range, and stainless steel appliances. The primary suite has a vaulted ceiling, walk-in closet, and spa-inspired bathroom. Upstairs, a loft provides additional flexible space, while a separate office nook, mudroom, and drop zone add distinct areas for everyday tasks. Crawl-space storage is also included.
Key Highlights
- Built in 2025
- Two‑tone kitchen with center island, gas range, and stainless steel appliances
- Vaulted primary suite with walk‑in closet and spa‑inspired bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,530
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,600
$430.6K
Cap Rate 7%
$307,571
$307.6K
Cap Rate 9%
$239,222
$239.2K
Market Conditions
NOI Build-Up for 2,037 SF
Gross rent
$41.6K $20.40/SF
− Vacancy
−$2.4K −$1.18/SF
EGI
$39.1K $19.22/SF
− OpEx
−$17.6K −$8.65/SF
NOI
$21.5K $10.57/SF
Area
Weld County, CO
Vacancy
5.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,600
Cap Rate 7%
$307,571
Cap Rate 9%
$239,222
Alternative Uses
Best Use
Apartment 5plus
$307.6K
$269.1K – $358.8K
NOI $21,530 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$371.2K
$324.8K – $433.1K
NOI $25,987 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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Business Placement
Demographics for 80516, CO
34,376
Population
13,163
Households
2.6
Avg Household Size
37
Median Age
64%
College-Educated
97%
High-School Grad
40.5 sq mi
ZIP Area
849
Density / Sq Mi
$160,590
Median Household Income
$75,277
Median Earnings
$2,718
Median Rent
$683,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2025 residence pairs a vaulted primary suite with a flexible upstairs loft and dedicated office nook.
Where is this residential income property located?
The property is located at 141 Washington St Erie, 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: Built in 2025; Two‑tone kitchen with center island, gas range, and stainless steel appliances; Vaulted primary suite with walk‑in closet and spa‑inspired bathroom
