Residential Income Condo
5538 Weeping Way Fort Collins, CO 80528
New
For Sale
$639,000
CONDOS - Other - Fort Collins, CO
Property Size3,439 SF
Lot Size0.12 Acres
Price / SF$185.81
Days on Market4
Property Features for 5538 Weeping Way
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- Res
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 3, Basement, Bedroom 1, Bathroom 2, Bedroom 2, Dining Room, Bathroom 1, Laundry Room, Laundry Room
- Parking features
- Open
- Security features
- Security System
- Window features
- Window Coverings
- Patio and Porch features
- Deck
- Pets allowed
- Cats OK, Dogs OK
- Interior features
- Eat-in Kitchen, Separate Dining Room, Open Floorplan, Pantry, Wood Windows, Walk-In Closet(s), Kitchen Island, High Ceilings, Central Vacuum
- Fireplace
- 1
- Basement
- Daylight
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
- Standard status
- Active
- APN
- R1519654
- Size
- 3,439 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3734
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Humidity Control (Heating), Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1997
- Floors in Building
- 1
- Flooring type
- Wood
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Group Harmony
(970) 229-0700
Listed By:
Bill West
(970) 690-0505
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 4:06AM
MLS# 1064729
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 residential income condo duplex at 5538 Weeping Way in Fort Collins offers an elevated interior with updated finishes and multiple recent systems upgrades. The home includes a gourmet kitchen with custom cherry cabinetry with rollouts, two center islands with fossil-filled Persian brown granite, and appliances featuring a SubZero refrigerator, a five-port gas range top, double oven, and shelf microwave. Much of the main level is finished with tiger wood flooring, with a fresh coat of paint completed in 2025. Additional improvements include Andersen casement metal-clad wood windows installed in 2017, a new gas log fireplace installed in 2025, central air installed in 2024, a new furnace in 2023, and a new humidifier in 2024. Hot water is provided by a tankless hot water heater installed in 2022. A study with built-in bookshelves is also included, and the daylight basement is unfinished.
Outdoor living is supported by an expansive deck with a remote-controlled awning. A concrete ramp leads to the front door, and the front yard is xeriscaped.
The property also features a garage described as offering substantial storage, including ceiling storage, an electronic bike hoist, a work bench, and polyaspartic epoxy flooring for durability and easy cleaning.
Outdoor living is supported by an expansive deck with a remote-controlled awning. A concrete ramp leads to the front door, and the front yard is xeriscaped.
The property also features a garage described as offering substantial storage, including ceiling storage, an electronic bike hoist, a work bench, and polyaspartic epoxy flooring for durability and easy cleaning.
Key Highlights
- Updated kitchen with custom cherry cabinetry, kitchen island, pantry, double oven, microwave, dishwasher, disposal, and SubZero refrigerator
- 5‑port gas range top plus prep sink; open floorplan with separate dining room, eat‑in kitchen, and high ceilings
- Interior updates include fresh paint in 2025, Andersen casement metal‑clad wood windows installed in 2017, and new gas log fireplace in 2025
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $20.16 |
| − Vacancy | −$3.6k | −$1.05 |
| EGI | $65.7k | $19.11 |
| − OpEx | −$19.7k | −$5.73 |
| NOI | $46.0k | $13.38 |
3,439 SF · lease $20.16/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$657.3K
$575.1K – $766.8K
NOI $46,008 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$609.9K
$533.7K – $711.6K
NOI $42,694 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$895.5K
$783.6K – $1.04M
NOI $62,686 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - For sale in Fort Collins with a daylight basement, expansive deck with remote awning, and a finished main level updated through 2025.
Where is this duplex located?
The property is located at 5538 Weeping Way Fort Collins, CO.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Updated kitchen with custom cherry cabinetry, kitchen island, pantry, double oven, microwave, dishwasher, disposal, and SubZero refrigerator; 5‑port gas range top plus prep sink; open floorplan with separate dining room, eat‑in kitchen, and high ceilings; Interior updates include fresh paint in 2025, Andersen casement metal‑clad wood windows installed in 2017, and new gas log fireplace in 2025
