Residential Income Property with
For Sale
$529,000
1529 16th Pl, Longmont, CO 80501
Exterior upkeep, including lawn care and roof concerns, is handled through the HOA.
Property Size1,515 SF
Price / SF$349.17
Days on Market167
Property Features for 1529 16th Pl
General Information
Standard status
Active
Size
1,515 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,611
Building Details
Building Size
1,515 SF
Year Built
1993
Construction
ranch-style
Listing Agency:
Keller Williams-Preferred Rlty
Listed By:
Heather McChesney
(303) 579-8420
Source:
Dwellingscolorado
Added: May 15
Changed: Oct 27
Last Checked: Oct 27 at 4:30AM
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 Keller Williams-Preferred Rlty
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Investment Insights
Based on property information with market context.
This attached ranch-style residence offers three bedrooms and two bathrooms on the main level, with vaulted ceilings and large windows in the shared living areas. The kitchen connects with the dining and living spaces. A primary suite includes a private bathroom and walk-in closet, while two additional bedrooms provide flexible room for other uses. The basement is unfinished, and an attached two-car garage adds storage and parking. A private patio opens toward green space.
The home is part of West Point Village, a 55+ community in Longmont near shopping, dining, parks, and medical facilities. HOA-covered exterior care includes lawn maintenance, snow removal, painting, and roof upkeep. The residence was built in 1993.
The home is part of West Point Village, a 55+ community in Longmont near shopping, dining, parks, and medical facilities. HOA-covered exterior care includes lawn maintenance, snow removal, painting, and roof upkeep. The residence was built in 1993.
Key Highlights
- Three main‑level bedrooms and two bathrooms
- Attached two‑car garage
- Unfinished basement for storage or other uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,373
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,460
$527.5K
Cap Rate 7%
$376,757
$376.8K
Cap Rate 9%
$293,033
$293.0K
Market Conditions
NOI Build-Up for 1,515 SF
Gross rent
$50.9K $33.60/SF
− Vacancy
−$3.0K −$1.95/SF
EGI
$48.0K $31.65/SF
− OpEx
−$21.6K −$14.24/SF
NOI
$26.4K $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%
$527,460
Cap Rate 7%
$376,757
Cap Rate 9%
$293,033
Alternative Uses
Best Use
Apartment 5plus
$376.8K
$329.7K – $439.6K
NOI $26,373 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 6.05%
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
1,318
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 - Exterior upkeep, including lawn care and roof concerns, is handled through the HOA.
Where is this residential income property located?
The property is located at 1529 16th Pl Longmont, CO.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Three main‑level bedrooms and two bathrooms; Attached two‑car garage; Unfinished basement for storage or other uses
