Residential Income Property with Office
For Sale
$570,000
145 Washington St, Erie, CO 80516
A 2025 villa-style residence pairs an open kitchen and living area with a dedicated mudroom and upstairs laundry.
Property Size1,723 SF
Price / SF$330.82
Days on Market106
Property Features for 145 Washington St
General Information
Standard status
Active
Size
1,723 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,387
Amenities
covered front porch
designer kitchen with center island
stainless steel appliances
gas range
light-filled kitchen, dining, and living spaces
private office nook
dedicated mudroom and drop zone
primary retreat with spa-style shower and walk-in closet
upstairs laundry
crawl space storage
Building Details
Building Size
1,723 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 3:43AM
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 1,723-square-foot villa-style residence, built in 2025, features a kitchen, dining area, and living space arranged in a light-filled layout. The kitchen includes a center island, stainless steel appliances, and a gas range. A separate office nook, mudroom, and upstairs laundry add dedicated spaces for everyday tasks. The primary suite includes a walk-in closet and a shower, while a crawl space provides additional storage.
A covered front porch adds an outdoor entry area. The property is located at 145 Washington St in Erie, Colorado.
A covered front porch adds an outdoor entry area. The property is located at 145 Washington St in Erie, Colorado.
Key Highlights
- 1,723‑square‑foot villa‑style residence built in 2025
- Kitchen with center island, stainless steel appliances, and gas range
- Primary suite with walk‑in closet and shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,211
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,220
$364.2K
Cap Rate 7%
$260,157
$260.2K
Cap Rate 9%
$202,344
$202.3K
Market Conditions
NOI Build-Up for 1,723 SF
Gross rent
$35.1K $20.40/SF
− Vacancy
−$2.0K −$1.18/SF
EGI
$33.1K $19.22/SF
− OpEx
−$14.9K −$8.65/SF
NOI
$18.2K $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%
$364,220
Cap Rate 7%
$260,157
Cap Rate 9%
$202,344
Alternative Uses
Best Use
Apartment 5plus
$260.2K
$227.6K – $303.5K
NOI $18,211 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$314.0K
$274.8K – $366.4K
NOI $21,981 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 villa-style residence pairs an open kitchen and living area with a dedicated mudroom and upstairs laundry.
Where is this residential income property located?
The property is located at 145 Washington St Erie, CO.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 1,723‑square‑foot villa‑style residence built in 2025; Kitchen with center island, stainless steel appliances, and gas range; Primary suite with walk‑in closet and shower
