Duplex Property with Lake
New
For Sale
$599,900
1747 Muddy Creek Dr, Loveland, CO 80538
Residential, Loveland, CO
Property Size2,902 SF
Lot Size0.15 Acres
Price / SF$206.72
Days on Market1
Property Features for 1747 Muddy Creek Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
P-62
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Dining Room, Bedroom 2, Laundry Room, Bedroom 1, Bathroom 2, Basement, Bathroom 1
Parking features
Open
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Eat-in Kitchen, Separate Dining Room, Cathedral Ceiling(s), Open Floorplan, Pantry, Walk-In Closet(s), Washer/Dryer Hookup, Kitchen Island, High Ceilings, Split Bedroom Plan
Exterior features
Sprinkler System, Oversized Garage
Fencing
Fenced
Fireplace
1
Basement
Full, Unfinished
Accessibility
Accessible Approach with Ramp
Appliances
Electric Range, Dishwasher, Microwave, Disposal, Fire Alarm
Subdivision
Seven Lakes North
Lot features
Corner Lot, Deciduous Trees, Level, Abuts Private Open Space, House Faces West, City Limits, Lake Access, Paved, Curbs, Sidewalks, Street Light, Fire Hydrant within 500 Feet
Elementary school
Peakview Academy at Conrad Ball
Middle school
Peakview Academy at Conrad Ball
High school
Mountain View
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R1631741
Size
2,902 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2928
HOA Fee
$329 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Amenities
covered patio
front porch
fireplace
ceiling fan
stainless-steel appliances
center island
walk-in closet
tile shower
utility sink
insulated basement
oversized garage
high-efficiency furnace
A/C
lake access
trails
Building Details
Year built
2009
Floors in Building
1
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Alliance-FTC South · RE/MAX International
(970) 226-3990
Listed By:
Benjamin Emslie · License #100007811
(970) 391-9331
Added: Aug 21
Last Checked: Aug 21 at 11:06PM
MLS# 1067036
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,902-square-foot duplex property, built in 2009, features ranch-style living with a foyer, hardwood flooring, vaulted ceilings, fireplace, dining area, and an open kitchen with stainless-steel appliances, pantry, and center island. The primary suite includes a private bath and walk-in closet, while a second bedroom and additional bath provide flexible interior space. A laundry room, insulated basement, and 728 SF oversized garage add practical utility. Heating and cooling include a Carrier high-efficiency furnace and central A/C, with a 50-gal water heater serving the home.
The property occupies 0.15 acres in Loveland’s Seven Lakes community and includes resident lake access, HOA-maintained landscaping, snow removal, trails, and exterior maintenance. Exterior features include a covered patio, sprinkler system, fencing, and an accessible approach with ramp. Public sewer is provided, and the property is zoned P-62. Seven Lakes Park, Boyd Lake, Loveland trails, Centerra shopping, dining, and entertainment are nearby.
The property occupies 0.15 acres in Loveland’s Seven Lakes community and includes resident lake access, HOA-maintained landscaping, snow removal, trails, and exterior maintenance. Exterior features include a covered patio, sprinkler system, fencing, and an accessible approach with ramp. Public sewer is provided, and the property is zoned P-62. Seven Lakes Park, Boyd Lake, Loveland trails, Centerra shopping, dining, and entertainment are nearby.
Key Highlights
- 2,902 square feet on a 0.15‑acre lot
- Resident lake access in the Seven Lakes community
- 728 SF oversized garage with insulated door, opener, and custom ramp/staircase
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
$29,870
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
4.98%
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%
$597,400
$597.4K
Cap Rate 7%
$426,714
$426.7K
Cap Rate 9%
$331,889
$331.9K
Market Conditions
NOI Build-Up for 2,902 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
$44.6K $15.36/SF
− Vacancy
−$1.9K −$0.66/SF
EGI
$42.7K $14.70/SF
− OpEx
−$12.8K −$4.41/SF
NOI
$29.9K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /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%
$597,400
Cap Rate 7%
$426,714
Cap Rate 9%
$331,889
Alternative Uses
Best Use
Multifamily LT 5
$426.7K
$373.4K – $497.8K
NOI $29,870 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$394.6K
$345.3K – $460.3K
NOI $27,620 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$778.9K
$681.6K – $908.8K
NOI $54,526 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Low-maintenance ranch-style property offering main-level living, covered outdoor space, and an expansive basement.
Where is this duplex located?
The property is located at 1747 Muddy Creek Dr Loveland, CO.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,902 square feet on a 0.15‑acre lot; Resident lake access in the Seven Lakes community; 728 SF oversized garage with insulated door, opener, and custom ramp/staircase
