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    Log Duplex with Multiple Decks Title is generated by Realmo AI

    232 N Side Circle, Silverthorne, CO 80498

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    For Sale
    $2,200,000

    MULTI_FAMILY - SILVERTHORNE, CO

    Property size:
    3,352 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $656/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 232 N Side Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 4
    Pets allowed
    Yes
    Interior features
    Ceiling Fan(s), Five Piece Bath, Jet Action Tub
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Microwave / Hood Combo, Range Electric, Refrigerator, Washer / Dryer, Gas Water Heater
    Standard status
    Active
    APN
    602244
    Size
    3,352 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5555

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1982
    Flooring type
    Tile, Carpet - Full, Wood
    Roof type
    Metal

    We can help!

    Listing Contact
    Marty Frank

    Listing agent Marty Frank License #FA40047855

    Listing office Christie`s International Real Estate CO LLC 323 N Main Street, Breckenridge, CO

    Listing date Jun 5, 2026

    MLS# S1069417 Listing URL

    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.

    HighLights

    • 6‑bedroom, 4‑bath log duplex built in 1982 with four distinct living spaces for groups, multigenerational living, or rental guests
    • Enjoy outdoor living on 3 decks, plus a large lot with options for play and storage
    • Fireplace in the home and a jet action tub, along with ceiling fans and a five piece bath
    • Kitchen appliances include dishwasher, disposal, microwave/hood combo, electric range, and refrigerator; includes washer/dryer and gas water heater
    • Metal roof with tile, carpet, and wood flooring; baseboard heating
    • Direct access to adjacent public lands and an extensive trail network; Blue River about 5 minutes away

    Overview

    This log duplex offers six bedrooms and four bathrooms with four distinct living spaces designed for gathering. The property includes generous parking and a large lot that can support play and storage needs. Three decks provide outdoor space for daily use, whether for morning coffee or evening views.

    Located in Silverthorne, the home is described as having direct access to adjacent public lands and an extensive nearby trail network for hiking, biking, and exploring. The Blue River is noted as approximately five minutes away, and multiple ski resorts are identified as within a 30-minute drive.

    With its multi-space layout and capacity for larger groups, the property may fit tenants or owners seeking a mountain retreat setup, multi-generational living, or a rental-focused configuration. The combination of decks, parking, and trail access supports year-round lifestyle use while keeping the home organized for separate living areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Nail Salon Furniture & Home Goods Shopping Center & Mall Daycare Center Acupuncture Pet Grooming Service Department Store Mobile Phone Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Silverthorne
    County
    Summit
    State
    Colorado
    Longitude
    -106.084682
    Latitude
    39.619395

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    FAQs

    What type of property is this?
    Duplex - Log duplex with six bedrooms, four baths, four distinct living spaces, and three decks for flexible group or guest stays.
    Where is this duplex located?
    The property is located at 232 N Side Circle Silverthorne, CO.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 6‑bedroom, 4‑bath log duplex built in 1982 with four distinct living spaces for groups, multigenerational living, or rental guests; Enjoy outdoor living on 3 decks, plus a large lot with options for play and storage; Fireplace in the home and a jet action tub, along with ceiling fans and a five piece bath
    (970) 274-8378
    We can help!
    Listing Contact
    Marty Frank
    Real Estate License ID: FA40047855
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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