Brick
449 E Drake Rd, Fort Collins, CO 80525
For Sale
$555,000
Residential Income, Fort Collins, CO
Property Size1,616 SF
Lot Size0.17 Acres
Price / SF$343.44
Days on Market53
Property Features for 449 E Drake Rd
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Window features
Patio and Porch features
Interior features
Fencing
Basement
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
Harmony Brokers
(970) 282-9488
Listed By:
Jeff Theisen
(970) 430-9067
Added: Sep 24
Changed: Oct 25
Last Checked: Nov 15 at 9:06AM
MLS# 1069503
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1967 brick duplex contains two units, each with two bedrooms and one bathroom. The building measures 1,616 square feet on a 0.17-acre lot and is zoned MMN. Interior features include an eat-in kitchen, with a patio and fenced area outside. Appliances include an electric range, refrigerator, washer, dryer, and microwave; heating is forced air, and cooling is central air.
Recent plumbing work was completed, with warranties covering certain sections. The property has public water and sewer, and natural gas is available.
Recent plumbing work was completed, with warranties covering certain sections. The property has public water and sewer, and natural gas is available.
Key Highlights
- Two units, each configured with 2 bedrooms and 1 bathroom
- 1,616‑square‑foot building on a 0.17‑acre lot
- MMN zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,619
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,380
$432.4K
Cap Rate 7%
$308,843
$308.8K
Cap Rate 9%
$240,211
$240.2K
Market Conditions
NOI Build-Up for 1,616 SF
Gross rent
$32.6K $20.16/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$30.9K $19.11/SF
− OpEx
−$9.3K −$5.73/SF
NOI
$21.6K $13.38/SF
Area
Fort Collins, CO
Vacancy
5.20%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,380
Cap Rate 7%
$308,843
Cap Rate 9%
$240,211
Alternative Uses
Best Use
Multifamily LT 5
$308.8K
$270.2K – $360.3K
NOI $21,619 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$286.6K
$250.8K – $334.4K
NOI $20,062 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$420.8K
$368.2K – $490.9K
NOI $29,456 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,347
Businesses Nearby
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Fort Collins, CO
Properties on Market for Duplexes in Fort Collins
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom, one-bathroom units are set within a brick building in Fort Collins.
Where is this duplex located?
The property is located at 449 E Drake Rd Fort Collins, CO.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two units, each configured with 2 bedrooms and 1 bathroom; 1,616‑square‑foot building on a 0.17‑acre lot; MMN zoning
