Updated Duplex with Trail
For Sale
$735,000
Pending
194 Cartier Court, Dillon, CO 80435
Residential, DILLON, CO
Property Size1,324 SF
Lot Size0.26 Acres
Days on Market146
Property Features for 194 Cartier Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Pets allowed
Yes
Appliances
Cooktop Electric, Dishwasher, Disposal, Washer / Dryer
Subdivision
KEY WEST FARMS SUB
View
Golf Course, Mountains
Standard status
Pending
APN
1001114
Size
1,324 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3483
Utilities
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1974
Flooring type
Vinyl, Tile
Roof type
Asphalt
Buildings
1
Listing Agency:
Slifer Smith & Frampton R.E.
(970) 547-7960
Listed By:
David Greenberg
(970) 393-0769
Added: Jun 8
Changed: Oct 30
Last Checked: Oct 31 at 4:06PM
MLS# S1069364
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.
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Investment Insights
Based on property information with market context.
This 1,324-square-foot duplex, built in 1974, occupies a 0.26-acre lot in Dillon. Recent improvements include the kitchen, bathrooms, flooring, and landscaping. The home features three bedrooms, two bathrooms, vaulted ceilings, and a great room anchored by a real wood-burning fireplace. East- and west-facing decks provide outdoor spaces oriented toward morning and afternoon sunlight. Two sheds add on-site storage, and the property has room for a garage addition.
The residence backs to hole 11 of the Keystone River Course and sits along the Soda Ridge Trail, which connects to additional hiking and biking routes. Summit Cove provides nearby everyday amenities, including a coffee shop, bike and ski shop, pizza restaurant, Summit Stage bus stop, and Irish pub. The property has no HOA dues or restrictive covenants.
The residence backs to hole 11 of the Keystone River Course and sits along the Soda Ridge Trail, which connects to additional hiking and biking routes. Summit Cove provides nearby everyday amenities, including a coffee shop, bike and ski shop, pizza restaurant, Summit Stage bus stop, and Irish pub. The property has no HOA dues or restrictive covenants.
Key Highlights
- 1,324‑square‑foot duplex on a 0.26‑acre lot
- Three bedrooms and two bathrooms
- East- and west‑facing decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,071
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,420
$441.4K
Cap Rate 7%
$315,300
$315.3K
Cap Rate 9%
$245,233
$245.2K
Market Conditions
NOI Build-Up for 1,324 SF
Gross rent
$33.4K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$31.5K $23.81/SF
− OpEx
−$9.5K −$7.14/SF
NOI
$22.1K $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 Rate 5%
$441,420
Cap Rate 7%
$315,300
Cap Rate 9%
$245,233
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.9K
NOI $22,071 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$291.2K
$254.8K – $339.7K
NOI $20,381 @ 7.0% cap · market cap 2.77%
Theoretical Best
Warehouse
$26.35M
$23.06M – $30.74M
NOI $1,844,683 @ 7.0% cap · market cap 250.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
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Business Placement
Demographics for 80435, CO
8,344
Population
7,778
Households
1.1
Avg Household Size
36
Median Age
53%
College-Educated
97%
High-School Grad
104.0 sq mi
ZIP Area
80
Density / Sq Mi
$86,023
Median Household Income
$48,554
Median Earnings
$1,539
Median Rent
$882,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with east- and west-facing decks, a wood-burning fireplace, and direct access to the Soda Ridge Trail.
Where is this duplex located?
The property is located at 194 Cartier Court Dillon, CO.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 1,324‑square‑foot duplex on a 0.26‑acre lot; Three bedrooms and two bathrooms; East- and west‑facing decks
