Updated Duplex with Wood-Burning
For Sale
$695,000
193 range rd, Breckenridge, CO 80424
Residential, BRECKENRIDGE, CO
Property Size1,237 SF
Lot Size1.19 Acres
Price / SF$561.84
Days on Market52
Property Features for 193 range rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Pets allowed
Yes
Appliances
Dishwasher, Disposal, Microwave, Range Electric
Subdivision
LODGE AT 39 DEGREES NORTH CONDO
Standard status
Active
APN
2807037
Size
1,237 SF
Lot size
1.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1993
Utilities
Heating system
Baseboard, Wood, Electric (Heating)
Building Details
Year built
1967
Flooring type
Carpet - Full, Tile, Vinyl
Roof type
Asphalt
Listing Agency:
Breckliving.com
(970) 453-9551
Listed By:
Aspen Davis
(970) 389-9168
Added: Jul 2
Changed: Aug 19
Last Checked: Aug 22 at 11:06AM
MLS# S1070152
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.
Updated three-bedroom, two-bath duplex on a 1.188-acre lot. The interior features an open main living area with a wood-burning fireplace, along with an updated kitchen connected to the dining and living spaces. The primary bedroom is on the main level, with two additional bedrooms and a full bathroom upstairs.
The home offers ample parking and is positioned just minutes from Breckenridge skiing, hiking, biking, and outdoor recreation. A Summit Stage bus stop is located at the bottom of the road, providing access to Breckenridge and other Summit County destinations.
Additional property details include approximately 1,237 square feet, built in 1967. The home includes electric and wood heating with baseboard support, an asphalt shingle roof, and flooring of carpet, vinyl, and tile. Appliances include dishwasher, disposal, microwave, and electric range.
The home offers ample parking and is positioned just minutes from Breckenridge skiing, hiking, biking, and outdoor recreation. A Summit Stage bus stop is located at the bottom of the road, providing access to Breckenridge and other Summit County destinations.
Additional property details include approximately 1,237 square feet, built in 1967. The home includes electric and wood heating with baseboard support, an asphalt shingle roof, and flooring of carpet, vinyl, and tile. Appliances include dishwasher, disposal, microwave, and electric range.
Key Highlights
- 1.188‑acre lot with approximately 1,237 SF duplex
- Wood‑burning fireplace in the open main living area
- Three bedrooms and two bathrooms; primary on main level
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
$20,621
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
2.97%
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%
$412,420
$412.4K
Cap Rate 7%
$294,586
$294.6K
Cap Rate 9%
$229,122
$229.1K
Market Conditions
NOI Build-Up for 1,237 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
$31.2K $25.20/SF
− Vacancy
−$1.7K −$1.39/SF
EGI
$29.5K $23.81/SF
− OpEx
−$8.8K −$7.14/SF
NOI
$20.6K $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%
$412,420
Cap Rate 7%
$294,586
Cap Rate 9%
$229,122
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.7K
NOI $20,621 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$272.0K
$238.0K – $317.4K
NOI $19,042 @ 7.0% cap · market cap 2.74%
Theoretical Best
Warehouse
$24.62M
$21.54M – $28.72M
NOI $1,723,469 @ 7.0% cap · market cap 247.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated three-bedroom, two-bath duplex on a 1.188-acre lot with an open living area and wood-burning fireplace.
Where is this duplex located?
The property is located at 193 range rd Breckenridge, CO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 1.188‑acre lot with approximately 1,237 SF duplex; Wood‑burning fireplace in the open main living area; Three bedrooms and two bathrooms; primary on main level
