Fourplex With Private
New
For Sale
$1,200,000
257 Moccasin St, Estes Park, CO 80517
Residential Income, Estes Park, CO
Property Size3,392 SF
Lot Size0.30 Acres
Price / SF$353.77
Days on Market4
Property Features for 257 Moccasin St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 8, Dining Room, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Basement
Parking
8
Patio and Porch features
Deck, Patio
Interior features
Separate Dining Room, Washer/Dryer Hookup, Outside Entry
Exterior features
Balcony
Fireplace
1
Basement
Partially Finished
Appliances
All Appliances, Fire Alarm
Subdivision
Mocassin Add
Lot features
Evergreen Trees, Sloping Lot, Rock Outcropping, Paved
Elementary school
Estes Park
Middle school
Estes Park
High school
Estes Park
Elementary school district
Estes Park District
Middle school district
Estes Park District
High school district
Estes Park District
Directions
Riverside to Moccasin Street.
Standard status
Active
APN
R0529460
Size
3,392 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5055
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Ceiling Fan(s)
Amenities
private deck
private parking
storage space
Building Details
Year built
1979
Number of units
4
Building materials
Frame
Roof type
Composition
Listing Agency:
Richardson Team Realty
(970) 215-2722
Listed By:
Michael Richardson · License #100005506
(970) 215-2722
Added: Aug 20
Last Checked: Aug 23 at 10:06PM
MLS# 1066838
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.
This four-unit multifamily property occupies a 0.3-acre site and contains 3,392 square feet. Built in 1979 with frame construction, the building includes private decks, patios, separate dining rooms, washer/dryer hookups, outside entries, and fireplaces. Baseboard heating, ceiling fans, composition roofing, public sewer, and cable availability are also provided.
The property is within walking distance of downtown Estes Park and offers mountain views from each unit’s private deck. Private parking and storage below the building add functional support for residents. Electricity is separately metered for each unit, while water, sewer, and trash are included with rents. The property is zoned R-2 and is described as suitable for long-term rentals or employee housing.
The property is within walking distance of downtown Estes Park and offers mountain views from each unit’s private deck. Private parking and storage below the building add functional support for residents. Electricity is separately metered for each unit, while water, sewer, and trash are included with rents. The property is zoned R-2 and is described as suitable for long-term rentals or employee housing.
Key Highlights
- Four‑unit multifamily property on 0.3 acres
- 3,392 square feet; built in 1979
- Private deck for each unit with mountain views
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
$34,913
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
2.91%
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%
$698,260
$698.3K
Cap Rate 7%
$498,757
$498.8K
Cap Rate 9%
$387,922
$387.9K
Market Conditions
NOI Build-Up for 3,392 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
$52.1K $15.36/SF
− Vacancy
−$2.2K −$0.66/SF
EGI
$49.9K $14.70/SF
− OpEx
−$15.0K −$4.41/SF
NOI
$34.9K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /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%
$698,260
Cap Rate 7%
$498,757
Cap Rate 9%
$387,922
Alternative Uses
Best Use
Multifamily LT 5
$498.8K
$436.4K – $581.9K
NOI $34,913 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$461.2K
$403.5K – $538.1K
NOI $32,283 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$910.5K
$796.7K – $1.06M
NOI $63,733 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
Demographics for 80517, CO
9,720
Population
7,043
Households
1.4
Avg Household Size
55
Median Age
55%
College-Educated
97%
High-School Grad
297.2 sq mi
ZIP Area
33
Density / Sq Mi
$89,659
Median Household Income
$40,919
Median Earnings
$1,451
Median Rent
$670,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate electric meters, on-site parking, and storage below the building support practical residential operations.
Where is this quadplex located?
The property is located at 257 Moccasin St Estes Park, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit multifamily property on 0.3 acres; 3,392 square feet; built in 1979; Private deck for each unit with mountain views
