Single-Level Duplex
For Sale
$494,000
300 First Street, Gypsum, CO 81637
Residential, Gypsum, CO
Property Size1,211 SF
Lot Size0.08 Acres
Price / SF$407.93
Days on Market165
Property Features for 300 First Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking
6
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Patio, Vaulted Ceiling(s)
Appliances
Dishwasher, Microwave, Range, Range Hood, Refrigerator
Subdivision
Gypsum
View
City
Standard status
Active
APN
2111-053-41-002
Size
1,211 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: OLD TOWN HALL DUPLEX Lot: 24B
Tax Annual Amount
2333
Legal Description
Subdivision: OLD TOWN HALL DUPLEX Lot: 24B
Utilities
Utilities
Cable Available
Heating system
Radiant, Baseboard
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Building materials
Frame, Stucco
Listing Agency:
Berkshire Hathaway - Eagle Ranch · Berkshire Hathaway HomeServices
(970) 328-2482
Listed By:
Eric Messmer · License #FA100005562
(970) 376-0041
Added: May 5
Changed: Oct 14
Last Checked: Oct 16 at 10:06AM
MLS# 1014047
Copyright © 2026 Vail Board of 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 1,211-square-foot, ranch-style half duplex contains two bedrooms and two bathrooms, with a layout on one level. Vaulted ceilings feature in the great room and kitchen, and the home also has a patio. The roof was replaced in 2019. Built in 1964, the frame-and-stucco property occupies a 0.08-acre lot and is zoned Multi-Family.
Six parking spaces are available on the property. The residence has radiant and baseboard heating, ceiling fans, and public water service. Appliances include a dishwasher, microwave, range, range hood, and refrigerator. The property previously served as Gypsum Town Hall.
Six parking spaces are available on the property. The residence has radiant and baseboard heating, ceiling fans, and public water service. Appliances include a dishwasher, microwave, range, range hood, and refrigerator. The property previously served as Gypsum Town Hall.
Key Highlights
- 1,211 square feet with two bedrooms and two bathrooms
- Half duplex on a 0.08‑acre lot
- Six on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,206
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,120
$304.1K
Cap Rate 7%
$217,229
$217.2K
Cap Rate 9%
$168,956
$169.0K
Market Conditions
NOI Build-Up for 1,211 SF
Gross rent
$36.3K $30.00/SF
− Vacancy
−$8.7K −$7.17/SF
EGI
$27.6K $22.83/SF
− OpEx
−$12.4K −$10.27/SF
NOI
$15.2K $12.56/SF
Area
Eagle County, CO
Vacancy
23.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,120
Cap Rate 7%
$217,229
Cap Rate 9%
$168,956
Alternative Uses
Best Use
Apartment 5plus
$217.2K
$190.1K – $253.4K
NOI $15,206 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.2K
$290.6K – $387.5K
NOI $23,251 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
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Business Placement
Demographics for 81637, CO
9,845
Population
3,291
Households
3
Avg Household Size
34
Median Age
31%
College-Educated
84%
High-School Grad
787.3 sq mi
ZIP Area
13
Density / Sq Mi
$108,556
Median Household Income
$47,262
Median Earnings
$2,162
Median Rent
$549,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes on-site parking for six vehicles and has no stairs.
Where is this residential income property located?
The property is located at 300 First Street Gypsum, CO.
What is the asking price?
The asking price for this property is $494,000.
What are key features of this property?
This property features: 1,211 square feet with two bedrooms and two bathrooms; Half duplex on a 0.08‑acre lot; Six on‑site parking spaces
