Remodeled
For Sale
$405,000
1413 Centennial Dr, Longmont, CO 80501
Renovated interiors include a quartz-counter kitchen, updated bathrooms, and a detached garage.
Property Size1,316 SF
Price / SF$307.75
Days on Market24
Property Features for 1413 Centennial Dr
General Information
Standard status
Active
Size
1,316 SF
Total Parking Spaces
1
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Building Details
Year Built
1979
Listing Agency:
NoCo Flex Real Estate
Listed By:
Ian Johnston
(970) 237-4749
Source:
Nocoflex
Added: Oct 8
Changed: Oct 30
Last Checked: Oct 30 at 1:48AM
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 NoCo Flex Real Estate
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Investment Insights
Based on property information with market context.
This 1,316-square-foot half-duplex, built in 1979, has two bedrooms and one and a half bathrooms. Interior improvements include new flooring and carpet, doors, trim, lighting, outlets, and switches. The kitchen features white shaker cabinetry, quartz counters, stainless steel appliances, and a tile backsplash, with a dining area alongside. Both bathrooms have updated vanities and fixtures, and the bathtub tile has been replaced. A new furnace and water heater are also part of the updates.
The property includes a detached one-car garage, a driveway, and a spacious backyard. Fresh exterior paint and interior finishes complete the renovation work.
The property includes a detached one-car garage, a driveway, and a spacious backyard. Fresh exterior paint and interior finishes complete the renovation work.
Key Highlights
- 1,316 square feet; built in 1979
- Two bedrooms and 1.5 bathrooms
- Kitchen with white shaker cabinets, quartz countertops, stainless steel appliances, and tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,909
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,180
$458.2K
Cap Rate 7%
$327,271
$327.3K
Cap Rate 9%
$254,544
$254.5K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$44.2K $33.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$41.7K $31.65/SF
− OpEx
−$18.7K −$14.24/SF
NOI
$22.9K $17.41/SF
Area
Boulder County, CO
Vacancy
5.80%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,180
Cap Rate 7%
$327,271
Cap Rate 9%
$254,544
Alternative Uses
Best Use
Apartment 5plus
$327.3K
$286.4K – $381.8K
NOI $22,909 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$397.1K
$347.4K – $463.2K
NOI $27,794 @ 7.0% cap · market cap 6.86%
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
872
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated interiors include a quartz-counter kitchen, updated bathrooms, and a detached garage.
Where is this residential income property located?
The property is located at 1413 Centennial Dr Longmont, CO.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 1,316 square feet; built in 1979; Two bedrooms and 1.5 bathrooms; Kitchen with white shaker cabinets, quartz countertops, stainless steel appliances, and tile backsplash
