Holiday Park Duplex
1506-1508 Collyer Street Longmont, CO 80501
For Sale
$650,000
Well-maintained two-unit duplex with five bedrooms, two baths, covered patios, and detached two-car garage access.
Property Size2,111 SF
Price / SF$307.91
Days on Market79
Property Features for 1506-1508 Collyer Street
General Information
- Standard status
- Active
- Size
- 2,111 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency:
Milehimodern
(720) 220-1083
Listed By:
Jordan Peterson · License #100065742
(720) 220-1083
Source:
Exitrealty
Added: May 7
Changed: Jul 22
Last Checked: Jul 23 at 5:44AM
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 Milehimodern
Investment Insights
Based on property information with market context.
This well-maintained Holiday Park duplex offers two separate units with a total of five bedrooms and two bathrooms. Unit 1508 includes a bright living area, a kitchen with hardwood floors, two sizable bedrooms sharing a full bath, and a dedicated laundry room with washer/dryer hookups and storage that leads outdoors to a covered patio and private yard with raised garden boxes. Unit 1506 features plank flooring, an updated kitchen with a dining nook and a pantry or storage closet, three generous bedrooms supported by a full bath, washer/dryer hookups, and a covered patio with storage overlooking a private yard.
A detached two-car garage provides alley access, along with additional off-street parking. Recent improvements include a new roof in 2025 and furnaces updated in 2026 and 2022, supporting ongoing low-maintenance ownership.
A detached two-car garage provides alley access, along with additional off-street parking. Recent improvements include a new roof in 2025 and furnaces updated in 2026 and 2022, supporting ongoing low-maintenance ownership.
Key Highlights
- 1960‑built Holiday Park duplex with 2 units offering 5 bedrooms and 2 baths total
- Detached 2‑car garage with alley access plus additional off‑street parking
- New roof in 2025; furnaces updated in 2026 and 2022
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 | $36.7k | $17.40 |
| − Vacancy | −$2.0k | −$0.96 |
| EGI | $34.7k | $16.44 |
| − OpEx | −$10.4k | −$4.93 |
| NOI | $24.3k | $11.51 |
2,111 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$347.1K
$303.7K – $404.9K
NOI $24,295 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$318.7K
$278.9K – $371.9K
NOI $22,312 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office B
$384.7K
$336.6K – $448.9K
NOI $26,931 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-unit duplex with five bedrooms, two baths, covered patios, and detached two-car garage access.
Where is this duplex located?
The property is located at 1506-1508 Collyer Street Longmont, 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: 1960‑built Holiday Park duplex with 2 units offering 5 bedrooms and 2 baths total; Detached 2‑car garage with alley access plus additional off‑street parking; New roof in 2025; furnaces updated in 2026 and 2022
