Two-Unit Duplex with Private Outdoor
For Sale
$1,399,500
2401 Bennett Avenue, Glenwood Springs, CO 81601
Residential, Glenwood Springs, CO
Property Size3,040 SF
Lot Size0.10 Acres
Price / SF$460.36
Days on Market48
Property Features for 2401 Bennett Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RH
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 1
Parking
8
Fireplace
1
Subdivision
Bennett Court Townhomes
Directions
Grand Avenue to 23rd turn right on Bennett Avenue, property at the end of the street on the right side.
Standard status
Active
APN
218516427001
Size
3,040 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
The Bentley Court Townhomes Lot A&B
Tax Annual Amount
6191
Legal Description
The Bentley Court Townhomes Lot A&B
Utilities
Heating system
Radiant
Water source
Public
Amenities
radiant in-floor heat
garden space
Trex deck
stamped concrete patio
storage shed
Building Details
Year built
1984
Floors in Building
2
Building materials
Wood Siding, Frame
Roof type
Metal
Architectural style
Contemporary
Buildings
1
Listing Agency:
Judy Gillespie Real Estate, LLC
Listed By:
Judy K Gillespie
(970) 379-4315
Added: Sep 13
Changed: Oct 24
Last Checked: Oct 30 at 8:06PM
MLS# 194548
Copyright © 2026 Aspen Glenwood MLS. 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 3,040-square-foot duplex comprises two adjoining townhome-style residences on a 0.1-acre lot. Each unit has three bedrooms, two bathrooms, an open main level, cathedral ceilings, radiant in-floor heat, stainless steel appliances, a laundry room, and a lockable storage shed. Unit A has a Trex deck and yard areas; Unit B features a stamped concrete patio and its own yard areas. Four off-street parking spaces serve each residence.
The property is in South Glenwood Springs, three blocks from Hwy 82 and four blocks from Valley View Hospital. It is zoned RH and was built in 1984. South-facing windows bring winter sunlight into the residences, according to the property description.
The property is in South Glenwood Springs, three blocks from Hwy 82 and four blocks from Valley View Hospital. It is zoned RH and was built in 1984. South-facing windows bring winter sunlight into the residences, according to the property description.
Key Highlights
- Two adjoining townhome‑style units totaling 3,040 square feet
- Each unit has 3 bedrooms, 2 bathrooms, and 4 off‑street parking spaces
- 0.1‑acre lot, zoned RH
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,817
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,340
$796.3K
Cap Rate 7%
$568,814
$568.8K
Cap Rate 9%
$442,411
$442.4K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$60.2K $19.80/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$56.9K $18.71/SF
− OpEx
−$17.1K −$5.61/SF
NOI
$39.8K $13.10/SF
Area
Garfield County, CO
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,340
Cap Rate 7%
$568,814
Cap Rate 9%
$442,411
Alternative Uses
Best Use
Multifamily LT 5
$568.8K
$497.7K – $663.6K
NOI $39,817 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$531.0K
$464.7K – $619.6K
NOI $37,173 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$796.1K
$696.6K – $928.8K
NOI $55,730 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
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Business Placement
Demographics for 81601, CO
16,484
Population
6,491
Households
2.5
Avg Household Size
38
Median Age
41%
College-Educated
88%
High-School Grad
367.6 sq mi
ZIP Area
45
Density / Sq Mi
$103,632
Median Household Income
$45,271
Median Earnings
$1,812
Median Rent
$726,000
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 - Each residence combines an open main level with dedicated outdoor areas and off-street parking.
Where is this duplex located?
The property is located at 2401 Bennett Avenue Glenwood Springs, CO.
What is the asking price?
The asking price for this property is $1,399,500.
What are key features of this property?
This property features: Two adjoining townhome‑style units totaling 3,040 square feet; Each unit has 3 bedrooms, 2 bathrooms, and 4 off‑street parking spaces; 0.1‑acre lot, zoned RH
