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Duplex with Attached Garages
New
For Sale
$385,000

3252 Castaneda Drive #A&B, Clifton, CO 81520

Each residence includes a garage and backyard, with month-to-month occupancy in one unit and owner occupancy in the other.

Property Size1,888 SF
Lot Size0.25 Acres
Price / SF$203.92
Days on Market3

Property Features for 3252 Castaneda Drive #A&B

General Information

Standard status Active
Size 1,888 SF
Total Parking Spaces 2
Lot size 0.25 Acres
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2
Parking per Unit 1

Building Details

Year Built 1978
Construction ranch-style
Listing Agency: RE/MAX 4000, INC
Listed By: The Danny Kuta Team · License #3193
Source: Buygrandjunctionco
Added: Oct 19 Last Checked: Oct 19 at 2:06PM

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 RE/MAX 4000, INC

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Investment Insights

Based on property information with market context.

This ranch-style duplex in Clifton contains two 944-square-foot residences, for 1,888 square feet in total. Each unit has 2 bedrooms, 1 bathroom, and a 1-car garage. Both also have backyards with mature trees and shrubs. The property was built in 1978, and sits on a lot described as nearly a quarter acre. Furnaces and the roof were replaced in 2025; the water heaters were replaced in 2020.

Unit A is owner-occupied, while Unit B is leased on a month-to-month basis. The property is near a community center, library, shopping, and the Colorado Riverfront Trail. There is no HOA.

Key Highlights

  • Two‑unit duplex with 1,888 square feet total; each residence measures 944 sq. ft.
  • Both units have 2 bedrooms, 1 bathroom, and a 1‑car garage
  • Roof and furnaces replaced in 2025; water heaters replaced in 2020

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$18,777
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,540 $375.5K
Cap Rate 7%
$268,243 $268.2K
Cap Rate 9%
$208,633 $208.6K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$29.0K $15.36/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$26.8K $14.21/SF
− OpEx
−$8.0K −$4.26/SF
NOI
$18.8K $9.95/SF
Area
Mesa County, CO
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,540
Cap Rate 7%
$268,243
Cap Rate 9%
$208,633

Alternative Uses

Best Use
Multifamily LT 5
$268.2K
$234.7K – $313.0K (±1% cap)
NOI $18,777 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$246.3K
$215.5K – $287.4K (±1% cap)
NOI $17,243 @ 7.0% cap · market cap 4.48%
Theoretical Best
Healthcare Medical
$3.58M
$3.14M – $4.18M (±1% cap)
NOI $250,802 @ 7.0% cap · market cap 65.14%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby

Demographics for 81520, CO

14,042
Population
5,411
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
81%
High-School Grad
20.5 sq mi
ZIP Area
685
Density / Sq Mi
$50,769
Median Household Income
$34,375
Median Earnings
$1,013
Median Rent
$228,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence includes a garage and backyard, with month-to-month occupancy in one unit and owner occupancy in the other.
Where is this duplex located?
The property is located at 3252 Castaneda Drive #A&B Clifton, CO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,888 square feet total; each residence measures 944 sq. ft.; Both units have 2 bedrooms, 1 bathroom, and a 1‑car garage; Roof and furnaces replaced in 2025; water heaters replaced in 2020
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