Duplex With Multiple Outdoor Living
For Sale
$1,035,000
51 Sauterne Lane, Silverthorne, CO 80498
MULTI_FAMILY - SILVERTHORNE, CO
Property Size2,304 SF
Lot Size0.11 Acres
Price / SF$449.22
Days on Market128
Property Features for 51 Sauterne Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2
Pets allowed
Yes
Appliances
Cooktop Gas, Dishwasher, Disposal, Microwave, Oven
Subdivision
WILDERNEST SUB
View
Mountains
Standard status
Active
APN
602429
Size
2,304 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4928
Utilities
Heating system
Forced Air
Amenities
Multiple outdoor living spaces
Fenced in yard
Building Details
Year built
1995
Flooring type
Tile, Carpet - Full
Roof type
Asphalt
Listing Agency:
eXp Realty LLC - Resort Experts
(970) 668-2121
Listed By:
Amy Smits
(970) 418-0183
Added: Apr 1
Changed: Aug 1
Last Checked: Aug 6 at 7:06PM
MLS# S1067997
Copyright © 2026 Altitude REALTORS ®. 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.
This duplex in Silverthorne, CO offers a total of 2,304 square feet and was built in 1995. The home features forced-air heating, asphalt roofing, and a mix of tile and full carpet flooring. Appliances include a gas cooktop, dishwasher, disposal, microwave, and oven. The interior layout includes multiple bedrooms and bathrooms, supporting flexible residential living arrangements.
Outdoor living is a key feature, with multiple outdoor living spaces and a fenced-in yard. The property is also marketed as having no HOA, which can simplify ownership and day-to-day planning.
The combination of a well-maintained interior, fenced outdoor space, and no-HOA setup makes this a compelling option for buyers looking for additional living space in a duplex format.
Outdoor living is a key feature, with multiple outdoor living spaces and a fenced-in yard. The property is also marketed as having no HOA, which can simplify ownership and day-to-day planning.
The combination of a well-maintained interior, fenced outdoor space, and no-HOA setup makes this a compelling option for buyers looking for additional living space in a duplex format.
Key Highlights
- 2,304 SF duplex built in 1995
- 0.11‑acre lot
- Multiple outdoor living spaces
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
$38,407
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
3.71%
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%
$768,140
$768.1K
Cap Rate 7%
$548,671
$548.7K
Cap Rate 9%
$426,744
$426.7K
Market Conditions
NOI Build-Up for 2,304 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
$58.1K $25.20/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$54.9K $23.81/SF
− OpEx
−$16.5K −$7.14/SF
NOI
$38.4K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$768,140
Cap Rate 7%
$548,671
Cap Rate 9%
$426,744
Alternative Uses
Best Use
Multifamily LT 5
$548.7K
$480.1K – $640.1K
NOI $38,407 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$506.7K
$443.3K – $591.1K
NOI $35,467 @ 7.0% cap · market cap 3.43%
Theoretical Best
Warehouse
$45.86M
$40.13M – $53.50M
NOI $3,210,083 @ 7.0% cap · market cap 310.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 80498, CO
8,405
Population
6,931
Households
1.2
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
294.8 sq mi
ZIP Area
29
Density / Sq Mi
$105,227
Median Household Income
$49,636
Median Earnings
$1,738
Median Rent
$721,700
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 - Duplex home with a fenced yard, no HOA, and forced-air heating built in 1995.
Where is this duplex located?
The property is located at 51 Sauterne Lane Silverthorne, CO.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: 2,304 SF duplex built in 1995; 0.11‑acre lot; Multiple outdoor living spaces
