Half Duplex Ranch With No
For Sale
$499,000
300 First Street, Gypsum, CO 81637
DUPLEX - Gypsum, CO
Property Size1,211 SF
Lot Size0.08 Acres
Price / SF$412.06
Days on Market112
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 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking
6
Patio and Porch features
Patio
Pets allowed
Cats OK, Dogs 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
Baseboard, Radiant
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
vaulted ceilings
Building Details
Year built
1964
Floors in Building
1
Flooring type
Carpet, Concrete, Tile
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: Aug 16
Last Checked: Aug 24 at 1:06PM
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.
Investment Insights
Based on property information with market context.
This half duplex ranch home offers two bedrooms and two bathrooms with a layout designed for single-level living, including no stairs. Interior features include vaulted ceilings in the great room and kitchen, plus a patio. The home has a mix of carpet, concrete, and tile flooring, with radiant and baseboard heating and ceiling fan cooling. Appliances include a dishwasher, microwave, range, range hood, and refrigerator. Construction is frame with stucco, and it is served by public water, with cable available.
Outside, the property sits on a 0.08-acre lot and includes parking for six vehicles on your own property. The roof was replaced in 2019. The home also presents solar potential and includes expansion potential both vertically and horizontally, with the buyer to verify details with the T.O.G. Public remarks also note there is no HOA.
Built in 1964, this is a compact duplex offering practical one-story configuration and straightforward on-site parking, with opportunities to evaluate solar and expansion options.
Outside, the property sits on a 0.08-acre lot and includes parking for six vehicles on your own property. The roof was replaced in 2019. The home also presents solar potential and includes expansion potential both vertically and horizontally, with the buyer to verify details with the T.O.G. Public remarks also note there is no HOA.
Built in 1964, this is a compact duplex offering practical one-story configuration and straightforward on-site parking, with opportunities to evaluate solar and expansion options.
Key Highlights
- Two‑bedroom, two‑bath half duplex ranch with no stairs
- 0.08‑acre lot and 1,211 SF total size
- Parking for six vehicles on your own property
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
$15,206
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
3.05%
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%
$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
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
$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 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%
$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 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.2K
$290.6K – $387.5K
NOI $23,251 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Half duplex ranch home with two bedrooms, two bathrooms, vaulted ceilings, and a patio in Gypsum.
Where is this single family property located?
The property is located at 300 First Street Gypsum, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath half duplex ranch with no stairs; 0.08‑acre lot and 1,211 SF total size; Parking for six vehicles on your own property
