Updated Brick Duplex with
For Sale
Under Contract
$475,000
472 Lashley St, Longmont, CO 80504
Residential Income, Longmont, CO
Property Size1,750 SF
Lot Size0.21 Acres
Price / SF$271.43
Days on Market48
Property Features for 472 Lashley St
General Information
Property type
Residential
Property subtype
Duplex
Zoning
MRN
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4
Parking
2
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Eat-in Kitchen, Open Floorplan
Fencing
Fenced
Appliances
Electric Range, Double Oven, Dishwasher, Refrigerator, Disposal, Fire Alarm
Subdivision
Dollhouse Village 1
Lot features
Deciduous Trees, Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
View
City
Elementary school
Rocky Mountain
Middle school
Heritage
High school
Skyline
Elementary school district
ST Vrain Dist RE 1J
Middle school district
ST Vrain Dist RE 1J
High school district
ST Vrain Dist RE 1J
Directions
Google it please
Standard status
Active Under Contract
APN
R0043050
Size
1,750 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3086
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Amenities
backyard
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Composition
Listing Agency:
Colorado 1st Realty, LLC
(303) 772-4406
Listed By:
Bill Sharp
(303) 931-6098
Added: Jul 16
Changed: Aug 24
Last Checked: Sep 1 at 1:06PM
MLS# 1064412
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.
Built in 1972, this 1,750-square-foot brick duplex sits on a 0.21-acre lot and includes an attached garage and fenced backyard for each unit. Both residences offer eat-in kitchens, open floorplans, patios, forced-air heating, and updated interior finishes. Appliances include electric ranges, double ovens, dishwashers, refrigerators, and disposals.
Recent improvements include a new roof and gutters completed in 2021, a garage door and opener at 474 Lashley St added in 2022, and new appliances at 472 Lashley St in 2023. Both units received new furnaces in 2025, while carpet replacement and tub refinishing were completed in 2026. The property has MRN zoning, public sewer, and natural gas available. Rental history was steady, with no vacancy reported before the property was prepared for sale.
Recent improvements include a new roof and gutters completed in 2021, a garage door and opener at 474 Lashley St added in 2022, and new appliances at 472 Lashley St in 2023. Both units received new furnaces in 2025, while carpet replacement and tub refinishing were completed in 2026. The property has MRN zoning, public sewer, and natural gas available. Rental history was steady, with no vacancy reported before the property was prepared for sale.
Key Highlights
- 1,750 square feet on a 0.21‑acre lot
- Brick duplex with an attached garage and fenced backyard for each unit
- New roof and gutters completed in 2021
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
$20,141
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
4.24%
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%
$402,820
$402.8K
Cap Rate 7%
$287,729
$287.7K
Cap Rate 9%
$223,789
$223.8K
Market Conditions
NOI Build-Up for 1,750 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
$30.4K $17.40/SF
− Vacancy
−$1.7K −$0.96/SF
EGI
$28.8K $16.44/SF
− OpEx
−$8.6K −$4.93/SF
NOI
$20.1K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /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%
$402,820
Cap Rate 7%
$287,729
Cap Rate 9%
$223,789
Alternative Uses
Best Use
Multifamily LT 5
$287.7K
$251.8K – $335.7K
NOI $20,141 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$264.2K
$231.2K – $308.3K
NOI $18,496 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office B
$318.9K
$279.1K – $372.1K
NOI $22,326 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with private fenced yards, refreshed interiors, and attached garage parking for each residence.
Where is this duplex located?
The property is located at 472 Lashley St Longmont, CO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,750 square feet on a 0.21‑acre lot; Brick duplex with an attached garage and fenced backyard for each unit; New roof and gutters completed in 2021
