Two-Unit Townhome
For Sale
$1,399,500
2401 Bennett Avenue #Unit A & B, Glenwood Springs, CO 81601
Both homes feature open main levels, private outdoor areas, and individual storage.
Property Size3,040 SF
Days on Market53
Property Features for 2401 Bennett Avenue #Unit A & B
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Duplex
Building Details
Building Size
3,040 SF
Year Built
1984
Listing Agency:
Judy Gillespie Real Estate, LLC
Listed By:
Judy K Gillespie
(970) 379-4315
Source:
Brunogroup.kw
Added: Sep 14
Changed: Nov 5
Last Checked: Nov 4 at 9:51AM
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 Judy Gillespie Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 1984 duplex comprises two side-by-side townhomes, each with 3 bedrooms, 2 bathrooms, a dressing room, laundry room, and stainless steel appliances. Open main-level layouts and cathedral ceilings shape the interiors, with radiant in-floor heat. Each residence also includes a private lockable shed and 4 off-street parking spaces.
Outdoor spaces differ by unit: Unit A has a Trex deck, backyard, and two side yards; Unit B has a stamped concrete patio, front yard, and two side yards. The property is 3 blocks from Hwy 82 and 4 blocks from Valley View Hospital.
Outdoor spaces differ by unit: Unit A has a Trex deck, backyard, and two side yards; Unit B has a stamped concrete patio, front yard, and two side yards. The property is 3 blocks from Hwy 82 and 4 blocks from Valley View Hospital.
Key Highlights
- Two side‑by‑side townhomes, each with 3 bedrooms and 2 bathrooms
- Each unit has 4 off‑street parking spaces
- Radiant in‑floor heat and cathedral ceilings
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.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes feature open main levels, private outdoor areas, and individual storage.
Where is this duplex located?
The property is located at 2401 Bennett Avenue #Unit A & B 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 side‑by‑side townhomes, each with 3 bedrooms and 2 bathrooms; Each unit has 4 off‑street parking spaces; Radiant in‑floor heat and cathedral ceilings
