Duplex with Attached
New
For Sale
$1,395,000
278/280 Willett Court, Steamboat Springs, CO 80487
Residential, Steamboat Springs, CO
Property Size2,420 SF
Lot Size0.33 Acres
Price / SF$576.45
Days on Market1
Property Features for 278/280 Willett Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
Pets allowed
Yes
Interior features
Ceiling Fan(s), Eat-in Kitchen, Open Floorplan, Pantry, Primary Suite
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Washer / Dryer, Range, Oven
Subdivision
WILLETT HEIGHTS SUBD
Lot features
Corner Lot, Cul-De-Sac, Level
View
Valley, City, Mountains
Elementary school
Strawberry Park
Middle school
Steamboat Springs
High school
Steamboat Springs
Standard status
Active
APN
R6777859
Size
2,420 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3838
Utilities
Heating system
Baseboard, Hot Water(Heating)
Amenities
attached garage
deck
fenced yard
storage shed
Building Details
Year built
1993
Flooring type
Wood, Carpet - Full, Tile
Roof type
Asphalt
Listing Agency:
Compass
Listed By:
Cheryl Foote · License #FA40001388
(970) 846-6444
Added: Oct 30
Last Checked: Oct 30 at 11:06PM
MLS# S1072132
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.
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Investment Insights
Based on property information with market context.
This 2420-square-foot duplex contains two three-bedroom residences, each with an open living area and kitchen. The upper residence has a primary suite, an additional shared bathroom, and a back deck overlooking a fenced yard. Both units have access to separate bays in the attached two-car garage. Off-street parking and a storage shed provide additional space for vehicles and outdoor equipment.
The property sits in Steamboat Springs, four miles from Steamboat Ski Resort and minutes from downtown. Shopping, dining, recreation, and the Spring Creek trail system are nearby. The 0.33-acre parcel includes a fenced yard, and the building was constructed in 1993.
The property sits in Steamboat Springs, four miles from Steamboat Ski Resort and minutes from downtown. Shopping, dining, recreation, and the Spring Creek trail system are nearby. The 0.33-acre parcel includes a fenced yard, and the building was constructed in 1993.
Key Highlights
- Two three‑bedroom units, each with an open living area and kitchen
- 2420 square feet on a 0.33‑acre parcel
- Attached two‑car garage with a separate bay for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,882
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,640
$977.6K
Cap Rate 7%
$698,314
$698.3K
Cap Rate 9%
$543,133
$543.1K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$74.1K $30.60/SF
− Vacancy
−$4.2K −$1.74/SF
EGI
$69.8K $28.86/SF
− OpEx
−$20.9K −$8.66/SF
NOI
$48.9K $20.20/SF
Area
Routt County, CO
Vacancy
5.70%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,640
Cap Rate 7%
$698,314
Cap Rate 9%
$543,133
Alternative Uses
Best Use
Multifamily LT 5
$698.3K
$611.0K – $814.7K
NOI $48,882 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$643.4K
$563.0K – $750.7K
NOI $45,041 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$967.9K
$846.9K – $1.13M
NOI $67,753 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 80487, CO
18,209
Population
13,231
Households
1.4
Avg Household Size
42
Median Age
57%
College-Educated
97%
High-School Grad
795.8 sq mi
ZIP Area
23
Density / Sq Mi
$106,837
Median Household Income
$50,551
Median Earnings
$1,927
Median Rent
$915,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences support rental use, owner occupancy, or multigenerational living.
Where is this duplex located?
The property is located at 278/280 Willett Court Steamboat Springs, CO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two three‑bedroom units, each with an open living area and kitchen; 2420 square feet on a 0.33‑acre parcel; Attached two‑car garage with a separate bay for each unit
