Modern Duplex
For Sale
$390,000
2391 Harlequin Pl, Johnstown, CO 80534
Residential, Johnstown, CO
Property Size1,182 SF
Lot Size0.04 Acres
Price / SF$329.95
Days on Market105
Property Features for 2391 Harlequin Pl
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Res
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Laundry Room, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Eat-in Kitchen, Open Floorplan, Walk-In Closet(s), Washer/Dryer Hookup, Kitchen Island
Exterior features
Sprinkler System, >8' Garage Door
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Some Furniture, Disposal, Fire Alarm
Subdivision
Johnstown Village Fg 2
Lot features
Paved, Curbs, Gutters, Sidewalks, Street Light, Alley
Elementary school
Pioneer Ridge
Middle school
Milliken
High school
Roosevelt
Elementary school district
Weld RE-5J
Middle school district
Weld RE-5J
High school district
Weld RE-5J
Standard status
Active
APN
R8978039
Size
1,182 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3256
HOA Fee
$120 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
2
Building materials
Frame
Roof type
Composition
Listing Agency:
Grey Rock Realty
(970) 672-0775
Listed By:
Landin Gentry
(970) 290-3768
Added: Jun 13
Changed: Sep 12
Last Checked: Sep 25 at 7:06AM
MLS# 1061788
Copyright © 2026 IRES MLS. 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.
Built in 2024, this 1,182-square-foot duplex property combines an open floor plan with contemporary interior finishes. The main living areas connect the kitchen, dining, and living spaces, while the kitchen includes an island and eat-in area. The home also offers a private primary suite with an en-suite bathroom and walk-in closet, along with additional bedrooms, bathrooms, a laundry room, and flexible space for guests or office use.
A front porch and patio extend the living area outdoors, with open-space views nearby. Interior and building features include a heat pump, central air, energy-saving construction, smart home technology, a composition roof, and a frame structure. The property includes a sprinkler system, an over-8-foot garage door, public sewer, cable availability, and appliances including a range, dishwasher, refrigerator, washer, dryer, microwave, disposal, and fire alarm.
The home is located near I-25 and Ledge Rock shopping center in Johnstown, providing access to shopping, dining, entertainment, and commuting routes.
A front porch and patio extend the living area outdoors, with open-space views nearby. Interior and building features include a heat pump, central air, energy-saving construction, smart home technology, a composition roof, and a frame structure. The property includes a sprinkler system, an over-8-foot garage door, public sewer, cable availability, and appliances including a range, dishwasher, refrigerator, washer, dryer, microwave, disposal, and fire alarm.
The home is located near I-25 and Ledge Rock shopping center in Johnstown, providing access to shopping, dining, entertainment, and commuting routes.
Key Highlights
- 2024 construction with 1,182 square feet of living area
- 0.04‑acre lot near open space
- Open‑concept kitchen, dining, and living areas with island
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
$13,603
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
3.49%
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%
$272,060
$272.1K
Cap Rate 7%
$194,329
$194.3K
Cap Rate 9%
$151,144
$151.1K
Market Conditions
NOI Build-Up for 1,182 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
$20.6K $17.40/SF
− Vacancy
−$1.1K −$0.96/SF
EGI
$19.4K $16.44/SF
− OpEx
−$5.8K −$4.93/SF
NOI
$13.6K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /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%
$272,060
Cap Rate 7%
$194,329
Cap Rate 9%
$151,144
Alternative Uses
Best Use
Multifamily LT 5
$194.3K
$170.0K – $226.7K
NOI $13,603 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$178.5K
$156.2K – $208.2K
NOI $12,493 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office B
$215.4K
$188.5K – $251.3K
NOI $15,079 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-story-style living areas include an open kitchen, private primary suite, and flexible rooms for guests or office use.
Where is this duplex located?
The property is located at 2391 Harlequin Pl Johnstown, CO.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2024 construction with 1,182 square feet of living area; 0.04‑acre lot near open space; Open‑concept kitchen, dining, and living areas with island
