Duplex With Lock-Off
New
For Sale
$1,295,000
33 Red Feather Road, Breckenridge, CO 80424
MULTI_FAMILY - BRECKENRIDGE, CO
Property Size3,189 SF
Lot Size0.11 Acres
Price / SF$406.08
Days on Market2
Property Features for 33 Red Feather Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Pets allowed
Yes
Appliances
Dishwasher, Disposal, Range Gas, Refrigerator, Washer / Dryer
Subdivision
BRYANT DUPLEX
Standard status
Active
APN
6502709
Size
3,189 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6270
Utilities
Heating system
Radiant, Central, Natural Gas, Oil
Amenities
private hot tub
Building Details
Year built
1996
Flooring type
Wood, Tile, Carpet - Full
Roof type
Asphalt
Listing Agency:
Paffrath & Thomas R.E.S.C
(970) 453-0466
Listed By:
Mark Thomas · License #ER229851
(970) 390-6010
Added: Aug 18
Last Checked: Aug 19 at 8:06AM
MLS# S1071029
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.
Investment Insights
Based on property information with market context.
This 3,189-square-foot duplex-style property includes a five-bedroom home with a lock-off one-bedroom apartment on the upper floor. The apartment has separate interior or exterior access, creating a distinct secondary living area within the residence. Kitchen improvements include solid stone countertops, updated appliances, refreshed cabinetry, and LVP flooring. Wood, tile, and full carpeting are also present throughout the home. A new asphalt roof, hydronic gas-fired boiler, radiant in-floor heat, private deck, and hot tub add to the physical improvements.
Set on 0.11 acres at 33 Red Feather Road in Breckenridge, the property is within walking distance of town and near a bus stop. Built in 1996, it includes a gas range, refrigerator, dishwasher, disposal, and washer/dryer. The residence also features two bathrooms and natural-gas heating.
Set on 0.11 acres at 33 Red Feather Road in Breckenridge, the property is within walking distance of town and near a bus stop. Built in 1996, it includes a gas range, refrigerator, dishwasher, disposal, and washer/dryer. The residence also features two bathrooms and natural-gas heating.
Key Highlights
- 3,189‑square‑foot duplex‑style property on 0.11 acres
- Five‑bedroom home with a lock‑off one‑bedroom upper‑floor apartment
- Separate interior or exterior access for the upper‑level apartment
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
$53,160
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
4.11%
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%
$1,063,200
$1.1M
Cap Rate 7%
$759,429
$759.4K
Cap Rate 9%
$590,667
$590.7K
Market Conditions
NOI Build-Up for 3,189 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
$80.4K $25.20/SF
− Vacancy
−$4.4K −$1.39/SF
EGI
$75.9K $23.81/SF
− OpEx
−$22.8K −$7.14/SF
NOI
$53.2K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$1,063,200
Cap Rate 7%
$759,429
Cap Rate 9%
$590,667
Alternative Uses
Best Use
Multifamily LT 5
$759.4K
$664.5K – $886.0K
NOI $53,160 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$701.3K
$613.6K – $818.2K
NOI $49,091 @ 7.0% cap · market cap 3.79%
Theoretical Best
Warehouse
$63.47M
$55.54M – $74.05M
NOI $4,443,122 @ 7.0% cap · market cap 343.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Five-bedroom residence offers separate upper-level access and an updated kitchen with durable flooring.
Where is this duplex located?
The property is located at 33 Red Feather Road Breckenridge, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,189‑square‑foot duplex‑style property on 0.11 acres; Five‑bedroom home with a lock‑off one‑bedroom upper‑floor apartment; Separate interior or exterior access for the upper‑level apartment
