Updated Single-Level
For Sale
$349,900
552 S Carriage Dr, Milliken, CO 80543
Residential, Milliken, CO
Property Size1,325 SF
Lot Size0.11 Acres
Price / SF$264.08
Days on Market11
Property Features for 552 S Carriage Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RES
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Basement, Bedroom 2, Bathroom 1, Laundry Room, Dining Room, Bedroom 3, Bathroom 2
Patio and Porch features
Deck
Interior features
Eat-in Kitchen, Open Floorplan, Walk-In Closet(s), Washer/Dryer Hookup
Exterior features
Oversized Garage
Fireplace
1
Basement
Crawl Space
Appliances
Gas Range, Dishwasher, Refrigerator, Microwave
Subdivision
Settlers Village
Lot features
Level, House Faces West, City Limits, Paved, Curbs, Gutters
Elementary school
Milliken
Middle school
Milliken
High school
Roosevelt
Elementary school district
Weld RE-5J
Middle school district
Weld RE-5J
High school district
Weld RE-5J
Standard status
Active
APN
R0785001
Size
1,325 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2475
HOA Fee
$200 Annually
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Amenities
fenced in back yard
sprinkler system
solar panels
Building Details
Year built
2003
Floors in Building
1
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
The TC Group, LLC
(970) 776-3305
Listed By:
Zach Chicoine
(970) 776-3305
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 31 at 2:06AM
MLS# 1067166
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.
This 2003 duplex offers 1,325 square feet of single-level living on a 0.11-acre lot. Interior improvements include two-tone paint, stainless steel appliances, refinished cabinetry, quartz countertops with undermount sinks, a custom backsplash, new carpet and flooring, and refreshed bathrooms. The layout includes an eat-in kitchen, open floor plan, walk-in closet, laundry room, two bathrooms, and a deck. A fireplace, forced-air heating, ceiling fans, gas range, dishwasher, refrigerator, and microwave add to the existing features.
The property includes a fenced backyard with new landscaping and a sprinkler system, along with an oversized 624 sq ft two-car garage. Natural gas is available, and the property is served by public sewer. Solar panels convey as-is without a UCC Financing Statement. The residence is near a park and walking trails, with RES zoning and no Metro District.
The property includes a fenced backyard with new landscaping and a sprinkler system, along with an oversized 624 sq ft two-car garage. Natural gas is available, and the property is served by public sewer. Solar panels convey as-is without a UCC Financing Statement. The residence is near a park and walking trails, with RES zoning and no Metro District.
Key Highlights
- 1,325‑square‑foot duplex built in 2003
- Oversized 624 sq ft two‑car garage
- Updated kitchens and bathrooms with quartz countertops and stainless steel appliances
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
$15,249
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
4.36%
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%
$304,980
$305.0K
Cap Rate 7%
$217,843
$217.8K
Cap Rate 9%
$169,433
$169.4K
Market Conditions
NOI Build-Up for 1,325 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
$23.1K $17.40/SF
− Vacancy
−$1.3K −$0.96/SF
EGI
$21.8K $16.44/SF
− OpEx
−$6.5K −$4.93/SF
NOI
$15.2K $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%
$304,980
Cap Rate 7%
$217,843
Cap Rate 9%
$169,433
Alternative Uses
Best Use
Multifamily LT 5
$217.8K
$190.6K – $254.2K
NOI $15,249 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$200.1K
$175.1K – $233.4K
NOI $14,004 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office B
$241.5K
$211.3K – $281.7K
NOI $16,904 @ 7.0% cap · market cap 4.83%
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
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 80543, CO
8,696
Population
3,281
Households
2.7
Avg Household Size
33
Median Age
30%
College-Educated
90%
High-School Grad
30.9 sq mi
ZIP Area
281
Density / Sq Mi
$95,056
Median Household Income
$47,782
Median Earnings
$403,600
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 - Renovated interiors, fenced outdoor space, and an oversized garage support comfortable, low-maintenance living.
Where is this duplex located?
The property is located at 552 S Carriage Dr Milliken, CO.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,325‑square‑foot duplex built in 2003; Oversized 624 sq ft two‑car garage; Updated kitchens and bathrooms with quartz countertops and stainless steel appliances
