Log Duplex with Attached
For Sale
$875,000
Pending
5193 Bellyache Ridge Road, Wolcott, CO 81655
Residential, Wolcott, CO
Property Size1,770 SF
Lot Size0.72 Acres
Days on Market55
Property Features for 5193 Bellyache Ridge Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Parking
3
Parking features
Garage
Window features
Skylight(s)
Patio and Porch features
Deck
Interior features
Skylight(s), Vaulted Ceiling(s), Wood Stove
Fireplace
1
Basement
Finished
Appliances
Washer/Dryer Stacked, Dishwasher, Microwave, Range
Subdivision
Bellyache Ridge 1
View
Valley
Standard status
Pending
APN
1941-352-02-017
Size
1,770 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Subdivision: Bellyache Ridge Fil 2 Lot: 39 Parcel B
Tax Annual Amount
3831
HOA Fee
$175 Annually
Legal Description
Subdivision: Bellyache Ridge Fil 2 Lot: 39 Parcel B
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Baseboard, Wood Stove, Wood
Cooling system
Ceiling Fan(s)
Water source
Well
Amenities
attached garage
Building Details
Year built
1979
Floors in Building
2
Number of units
1
Flooring type
Carpet, Wood
Building materials
Frame, Log
Roof type
Metal
Listing Agency:
Slifer Smith & Frampton - Arrowhead
(970) 926-3000
Listed By:
Jack Affleck
(970) 331-3686
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 1014642
Copyright © 2026 Vail Board of 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 contains 1,770 square feet within a log-and-frame structure built in 1979. The property includes vaulted ceilings, skylights, wood flooring, carpeted areas, a wood stove, baseboard heat, ceiling fans, and a stacked washer and dryer. A deck, attached garage, standing-seam metal roof, range, microwave, and dishwasher add to the existing improvements.
Set on 0.72 acres at 5193 Bellyache Ridge Road in Wolcott, the property occupies a forested setting with views toward surrounding mountain peaks. Water is supplied by a well, with a septic tank serving the property. Residential zoning applies.
Set on 0.72 acres at 5193 Bellyache Ridge Road in Wolcott, the property occupies a forested setting with views toward surrounding mountain peaks. Water is supplied by a well, with a septic tank serving the property. Residential zoning applies.
Key Highlights
- Duplex with 1,770 square feet on 0.72 acres
- Log‑and‑frame construction with a metal roof; built in 1979
- Attached garage and deck included
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
$24,480
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
2.80%
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%
$489,600
$489.6K
Cap Rate 7%
$349,714
$349.7K
Cap Rate 9%
$272,000
$272.0K
Market Conditions
NOI Build-Up for 1,770 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
$45.2K $25.56/SF
− Vacancy
−$10.3K −$5.80/SF
EGI
$35.0K $19.76/SF
− OpEx
−$10.5K −$5.93/SF
NOI
$24.5K $13.83/SF
Area
Eagle County, CO
Vacancy
22.70%
Lease Rate
$25.56 /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%
$489,600
Cap Rate 7%
$349,714
Cap Rate 9%
$272,000
Alternative Uses
Best Use
Multifamily LT 5
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$317.5K
$277.8K – $370.4K
NOI $22,225 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$485.5K
$424.8K – $566.4K
NOI $33,984 @ 7.0% cap · market cap 3.88%
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
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 81655, CO
290
Population
178
Households
1.6
Avg Household Size
47
Median Age
50%
College-Educated
100%
High-School Grad
62.0 sq mi
ZIP Area
5
Density / Sq Mi
$2,000,001
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 residential property with log construction, mountain views, and a forested setting near Wolcott.
Where is this duplex located?
The property is located at 5193 Bellyache Ridge Road Wolcott, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Duplex with 1,770 square feet on 0.72 acres; Log‑and‑frame construction with a metal roof; built in 1979; Attached garage and deck included
