Duplex
For Sale
$479,999
4298 N Meadows Dr, Castle Rock, CO 80109
Multi-level property with a granite kitchen, open living areas, patio access, and an unfinished basement for flexible use.
Property Size1,503 SF
Days on Market62
Property Features for 4298 N Meadows Dr
General Information
Standard status
Active
Size
1,503 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,566
Building Details
Building Size
1,503 SF
Year Built
2016
Listing Agency:
Keller Williams Action Realty LLC
Listed By:
Angela Jackman
(720) 838-1168
Source:
Corken
Added: Aug 14
Changed: Oct 11
Last Checked: Oct 13 at 3:04AM
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 Keller Williams Action Realty LLC
Investment Insights
Based on property information with market context.
This 2016-built duplex property features a multi-level layout with open living and dining areas, wood flooring, and a gas wraparound fireplace. The kitchen includes granite countertops and a bar-seating counter, while the adjacent patio extends the main-level living area outdoors. A laundry room, mudroom, powder bath, and garage add practical functionality.
The upper level includes a primary suite with a walk-in closet and en suite bathroom, a second bedroom, a full secondary bathroom, and a loft suitable for office or living use. A large unfinished basement provides additional space for a gym, hobby room, or workshop. The property is near Native Legends Open Space, community pools, playgrounds, a dog park, schools, shopping, dining, and I-25.
The upper level includes a primary suite with a walk-in closet and en suite bathroom, a second bedroom, a full secondary bathroom, and a loft suitable for office or living use. A large unfinished basement provides additional space for a gym, hobby room, or workshop. The property is near Native Legends Open Space, community pools, playgrounds, a dog park, schools, shopping, dining, and I-25.
Key Highlights
- 2016‑built duplex property at 4298 N Meadows Dr, Castle Rock, CO 80109
- Open‑concept living and dining areas with wood floors and gas wraparound fireplace
- Kitchen with granite countertops and bar‑seating counter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,777
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,540
$495.5K
Cap Rate 7%
$353,957
$354.0K
Cap Rate 9%
$275,300
$275.3K
Market Conditions
NOI Build-Up for 1,503 SF
Gross rent
$37.0K $24.60/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$35.4K $23.55/SF
− OpEx
−$10.6K −$7.06/SF
NOI
$24.8K $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%
$495,540
Cap Rate 7%
$353,957
Cap Rate 9%
$275,300
Alternative Uses
Best Use
Multifamily LT 5
$354.0K
$309.7K – $413.0K
NOI $24,777 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.5K
NOI $22,831 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$516.3K
$451.7K – $602.3K
NOI $36,138 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
584
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Multi-level property with a granite kitchen, open living areas, patio access, and an unfinished basement for flexible use.
Where is this duplex located?
The property is located at 4298 N Meadows Dr Castle Rock, CO.
What is the asking price?
The asking price for this property is $479,999.
What are key features of this property?
This property features: 2016‑built duplex property at 4298 N Meadows Dr, Castle Rock, CO 80109; Open‑concept living and dining areas with wood floors and gas wraparound fireplace; Kitchen with granite countertops and bar‑seating counter
