Second-Floor Income
For Sale
$259,000
206-5120 Williams Fork Trl, Boulder, CO 80301
Updated open-concept condo with convenient access to employment, trails, retail, dining, and downtown Boulder.
Property Size625 SF
Price / SF$414.40
Days on Market159
Property Features for 206-5120 Williams Fork Trl
General Information
Standard status
Active
Size
625 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,794
Listing Agency:
MOD Boulder
(720) 252-6051
Listed By:
Sean McIllwain
(720) 252-6051
Source:
Exprealty
Added: Feb 27
Changed: Aug 5
Last Checked: Aug 5 at 5:48AM
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 MOD Boulder
Investment Insights
Based on property information with market context.
This 625-square-foot, second-floor condominium is configured as a residential income property with an open-concept floor plan and recent updates. The unit is described as well maintained and designed for efficient use of its interior space, supporting a straightforward ownership and management profile.
Located at 206-5120 Williams Fork Trl in Boulder, the property offers access to major employment hubs, trail networks, retail, and dining. The location also provides commuter access to downtown Boulder and surrounding technology corridors, placing everyday services and employment destinations within the broader area.
The condominium’s combination of compact size, updated condition, and income-property classification provides a focused residential asset for an investor or a buyer completing a 1031 exchange.
Located at 206-5120 Williams Fork Trl in Boulder, the property offers access to major employment hubs, trail networks, retail, and dining. The location also provides commuter access to downtown Boulder and surrounding technology corridors, placing everyday services and employment destinations within the broader area.
The condominium’s combination of compact size, updated condition, and income-property classification provides a focused residential asset for an investor or a buyer completing a 1031 exchange.
Key Highlights
- 625‑square‑foot second‑floor condominium
- Open‑concept floor plan
- Recent updates and well‑maintained condition
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.8k | $30.00 |
| − Vacancy | −$844 | −$1.35 |
| EGI | $17.9k | $28.65 |
| − OpEx | −$8.1k | −$12.89 |
| NOI | $9.8k | $15.76 |
625 SF · lease $30.00/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$140.7K
$123.1K – $164.1K
NOI $9,848 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.2K
$184.8K – $246.4K
NOI $14,784 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 80301, CO
25,944
Population
12,644
Households
2.1
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
28.6 sq mi
ZIP Area
907
Density / Sq Mi
$92,974
Median Household Income
$52,325
Median Earnings
$1,999
Median Rent
$761,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated open-concept condo with convenient access to employment, trails, retail, dining, and downtown Boulder.
Where is this residential income property located?
The property is located at 206-5120 Williams Fork Trl Boulder, CO.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 625‑square‑foot second‑floor condominium; Open‑concept floor plan; Recent updates and well‑maintained condition
