Duplex Property with Wet
For Sale
$1,835,000
180 Emmett Lode Road, Breckenridge, CO 80424
MULTI_FAMILY - BRECKENRIDGE, CO
Property Size3,419 SF
Lot Size0.20 Acres
Price / SF$536.71
Days on Market57
Property Features for 180 Emmett Lode Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
Pets allowed
Yes
Interior features
Five Piece Bath, Granite Counters, High Ceilings, Jack & Jill Bath, Open Floorplan, Primary Suite, Spa/Hot Tub, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
Fireplace
1
Appliances
Cooktop Gas, Dishwasher, Disposal, Microwave, Refrigerator, Wall Oven, Washer / Dryer, Wine Cooler, Double Oven
Subdivision
WOODMOOR AT BRECKENRIDGE SUB
View
Mountains
Standard status
Active
APN
6511653
Size
3,419 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6740
Utilities
Heating system
Radiant
Amenities
stone fireplace
wraparound deck
wet bar
upstairs living room
great room
Building Details
Year built
2001
Flooring type
Tile, Wood, Carpet - Full
Roof type
Asphalt
Listing Agency:
Keller Williams Top Of Rockies · Keller Williams Realty
(970) 368-7000
Listed By:
Anne Skinner · License #100051210
(970) 389-6987
Added: Jun 18
Changed: Aug 11
Last Checked: Aug 13 at 7:06PM
MLS# S1069788
Copyright © 2026 Altitude REALTORS ®. 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 3,419-square-foot duplex property occupies 0.2048 acres and includes 4 bedrooms and 3.5 bathrooms. Built in 2001, the residence features an open floor plan, 30-foot ceilings, extensive glass, wood and tile flooring, and a stone fireplace. A second living room and wet bar add separate gathering space, while the wraparound deck extends the main living area outdoors. Interior finishes include granite counters, a primary suite, walk-in closets, a Jack & Jill bath, and a five-piece bath. The kitchen is equipped with a gas cooktop, double oven, dishwasher, microwave, refrigerator, disposal, and wine cooler, with a washer and dryer also included.
The property is in Breckenridge, close to downtown and the free Summit Stage. Additional features include radiant heating, an asphalt roof, and a spa or hot tub. Rental history is also identified as part of the property’s operating background.
The property is in Breckenridge, close to downtown and the free Summit Stage. Additional features include radiant heating, an asphalt roof, and a spa or hot tub. Rental history is also identified as part of the property’s operating background.
Key Highlights
- 3,419‑square‑foot duplex property on 0.2048 acres
- 4 bedrooms and 3.5 bathrooms
- 30‑foot ceilings, open floor plan, and stone fireplace
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
$56,994
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
3.11%
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%
$1,139,880
$1.1M
Cap Rate 7%
$814,200
$814.2K
Cap Rate 9%
$633,267
$633.3K
Market Conditions
NOI Build-Up for 3,419 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
$86.2K $25.20/SF
− Vacancy
−$4.7K −$1.39/SF
EGI
$81.4K $23.81/SF
− OpEx
−$24.4K −$7.14/SF
NOI
$57.0K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$1,139,880
Cap Rate 7%
$814,200
Cap Rate 9%
$633,267
Alternative Uses
Best Use
Multifamily LT 5
$814.2K
$712.4K – $949.9K
NOI $56,994 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$751.9K
$657.9K – $877.2K
NOI $52,632 @ 7.0% cap · market cap 2.87%
Theoretical Best
Warehouse
$68.05M
$59.54M – $79.39M
NOI $4,763,573 @ 7.0% cap · market cap 259.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
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 - Mountain residence with open living areas, a wraparound deck, radiant heating, and close access to downtown amenities.
Where is this duplex located?
The property is located at 180 Emmett Lode Road Breckenridge, CO.
What is the asking price?
The asking price for this property is $1,835,000.
What are key features of this property?
This property features: 3,419‑square‑foot duplex property on 0.2048 acres; 4 bedrooms and 3.5 bathrooms; 30‑foot ceilings, open floor plan, and stone fireplace
