Remodeled Side-by-Side
For Sale
$575,000
1641-1643 Lashley Street, Longmont, CO 80504
Brick duplex with separate utilities, updated interiors, and independent laundry hookups for both residences.
Property Size1,625 SF
Days on Market25
Property Features for 1641-1643 Lashley Street
General Information
Standard status
Active
Size
1,625 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,034
Amenities
in-unit washer/dryer hookups
Building Details
Building Size
1,625 SF
Year Built
1966
Buildings
1
Construction
brick
Listing Agency:
Property Partners
(970) 691-5222
Listed By:
Richard Payne Jr
Source:
Eliselosassore
Added: Jul 30
Changed: Aug 14
Last Checked: Aug 22 at 11:27AM
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 Property Partners
Investment Insights
Based on property information with market context.
Built in 1966, this side-by-side brick duplex has undergone extensive interior and exterior remodeling. The property includes one three-bedroom, two-bathroom residence and a separate one-bedroom, one-bathroom residence, providing distinct living spaces within the same building.
Each unit is equipped with its own utilities, furnace, and A/C condenser. Private in-unit washer and dryer hookups add convenience for residents, while the separate mechanical systems support independent operation. Both residences are ready for occupancy and feature updated interiors within a durable brick exterior.
Each unit is equipped with its own utilities, furnace, and A/C condenser. Private in-unit washer and dryer hookups add convenience for residents, while the separate mechanical systems support independent operation. Both residences are ready for occupancy and feature updated interiors within a durable brick exterior.
Key Highlights
- Side‑by‑side duplex with one 3‑bedroom, 2‑bathroom unit and one 1‑bedroom, 1‑bathroom unit
- Extensive interior and exterior renovations completed
- New furnaces and A/C condensers for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,702
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,040
$374.0K
Cap Rate 7%
$267,171
$267.2K
Cap Rate 9%
$207,800
$207.8K
Market Conditions
NOI Build-Up for 1,625 SF
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.
Gross rent
$28.3K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$26.7K $16.44/SF
− OpEx
−$8.0K −$4.93/SF
NOI
$18.7K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$374,040
Cap Rate 7%
$267,171
Cap Rate 9%
$207,800
Alternative Uses
Best Use
Multifamily LT 5
$267.2K
$233.8K – $311.7K
NOI $18,702 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$245.4K
$214.7K – $286.3K
NOI $17,175 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office B
$296.2K
$259.1K – $345.5K
NOI $20,731 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with separate utilities, updated interiors, and independent laundry hookups for both residences.
Where is this duplex located?
The property is located at 1641-1643 Lashley Street Longmont, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Side‑by‑side duplex with one 3‑bedroom, 2‑bathroom unit and one 1‑bedroom, 1‑bathroom unit; Extensive interior and exterior renovations completed; New furnaces and A/C condensers for both units
