449 E Drake Rd Fort Collins, CO 80525
MULTI_FAMILY - Fort Collins, CO
Property Features for 449 E Drake Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- MMN
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2
- Patio and Porch features
- Patio
- Interior features
- Eat-in Kitchen, Open Floorplan
- Fencing
- Fenced
- Appliances
- Electric Range, Dishwasher, Refrigerator
- Standard status
- Active
- APN
- R0126748
- Size
- 1,616 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3522
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame, Brick
- Roof type
- Composition
Listing agent Jeff Theisen (970) 430-9067
Listing office Harmony Brokers 2815 E Harmony Rd Ste 108, Fort Collins, CO (970) 282-9488
Listing date Apr 9, 2026
Copyright © 2026 IRES MLS. 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.
The duplex is located at 449 E Drake Rd in Fort Collins, Colorado, in Larimer County. The listing is identified with zoning MMN.
With two units configured similarly, the property provides a straightforward duplex layout, and the public remarks note that there is no HOA. Lot size is listed at 0.17 acres, and the overall property size is 1,616 square feet.
Key Highlights
- Midtown duplex built in 1967 with an open floorplan and eat‑in kitchen
- Each unit offers 2 bedrooms, 1 bath, and a 1‑car attached garage
- Separate patios for each unit, plus fenced property
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.6k | $20.16 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $30.9k | $19.11 |
| − OpEx | −$9.3k | −$5.73 |
| NOI | $21.6k | $13.38 |
