Park-Facing
For Sale
$500,000
3658 Happyheart Way, Castle Rock, CO 80109
2017 residence with open living areas, a fenced backyard, and access to extensive community amenities.
Property Size1,996 SF
Days on Market65
Property Features for 3658 Happyheart Way
General Information
Standard status
Active
Size
1,996 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,778
Amenities
clubhouse
pool
playground
covered front porch
patio
fully fenced backyard
Building Details
Building Size
1,996 SF
Year Built
2017
Listing Agency:
RE/MAX Professionals
Listed By:
Jim Romano · License #317328
(303) 809-8822
Source:
Corken
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 15 at 7:22AM
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 Professionals
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Investment Insights
Based on property information with market context.
This 2017 duplex offers a three-bedroom layout with an open main level, luxury vinyl plank flooring, 9-foot ceilings, and a flexible room near the entry. The kitchen includes a breakfast bar island, stainless steel appliances, extensive cabinetry, and ample preparation space. Upstairs are a primary suite with walk-in closet and ensuite full bath, two additional bedrooms, a 3/4 bathroom, loft, and laundry room. Outdoor features include a covered front porch, patio, and fully fenced backyard.
The property sits directly across from a park and open green space, with views toward the lawn, playground, and field. Community amenities include a clubhouse, resort-style pool with separate swimming and children’s splash areas, and playground. Red Hawk Ridge Golf Course, area trails, shopping, dining, breweries, Santa Fe Drive, I-25, and the Meadows exit are nearby.
The property sits directly across from a park and open green space, with views toward the lawn, playground, and field. Community amenities include a clubhouse, resort-style pool with separate swimming and children’s splash areas, and playground. Red Hawk Ridge Golf Course, area trails, shopping, dining, breweries, Santa Fe Drive, I-25, and the Meadows exit are nearby.
Key Highlights
- Directly across from a park, playground, and open green space
- Three‑bedroom layout with primary suite, loft, and upstairs laundry
- Open main level with 9‑foot ceilings and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,903
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,060
$658.1K
Cap Rate 7%
$470,043
$470.0K
Cap Rate 9%
$365,589
$365.6K
Market Conditions
NOI Build-Up for 1,996 SF
Gross rent
$49.1K $24.60/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$47.0K $23.55/SF
− OpEx
−$14.1K −$7.06/SF
NOI
$32.9K $16.48/SF
Area
Douglas County, CO
Vacancy
4.27%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,060
Cap Rate 7%
$470,043
Cap Rate 9%
$365,589
Alternative Uses
Best Use
Multifamily LT 5
$470.0K
$411.3K – $548.4K
NOI $32,903 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$433.1K
$379.0K – $505.3K
NOI $30,320 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$685.6K
$599.9K – $799.9K
NOI $47,991 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 80109, CO
27,148
Population
9,598
Households
2.8
Avg Household Size
36
Median Age
57%
College-Educated
98%
High-School Grad
26.0 sq mi
ZIP Area
1,044
Density / Sq Mi
$148,417
Median Household Income
$63,640
Median Earnings
$2,245
Median Rent
$648,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - 2017 residence with open living areas, a fenced backyard, and access to extensive community amenities.
Where is this duplex located?
The property is located at 3658 Happyheart Way Castle Rock, CO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Directly across from a park, playground, and open green space; Three‑bedroom layout with primary suite, loft, and upstairs laundry; Open main level with 9‑foot ceilings and luxury vinyl plank flooring
