Residential Income Property with
554 Manor Court # C, Woodland Park, CO 80863
For Sale
New
$235,000
Two upstairs bedrooms and a main-level living area provide a practical layout in this townhome.
Property Size1,440 SF
Price / SF$163.19
Days on Market4
Property Features for 554 Manor Court # C
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Partial Basement
Electric Hook-up
One,Wood Burning
Cedar
436.0
Municipal
0.01
Building Details
Year Built
Listing Agency:
The Platinum Group
(719) 297-2084
Listed By:
Darlene Zarco
Source:
Pikespeaklegacyrealty
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 10:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Platinum Group
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Investment Insights
Based on property information with market context.
Built in 1982, this 1,440-square-foot townhome has two bedrooms and one and a half bathrooms. The main floor contains the living room, kitchen, dining area, and half-bath; both bedrooms and a full bath are upstairs. A partial basement and an oversized 1.5-car garage are also included.
The property is at 554 Manor Court # C in Woodland Park, Colorado. Cedar is listed as an exterior feature, and municipal service is indicated.
The property is at 554 Manor Court # C in Woodland Park, Colorado. Cedar is listed as an exterior feature, and municipal service is indicated.
Key Highlights
- 2 bedrooms and 1.5 bathrooms
- 1,440 square feet with a partial basement
- Oversized 1.5‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,005
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,100
$300.1K
Cap Rate 7%
$214,357
$214.4K
Cap Rate 9%
$166,722
$166.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$30.9K $21.48/SF
− Vacancy
−$3.6K −$2.53/SF
EGI
$27.3K $18.95/SF
− OpEx
−$12.3K −$8.53/SF
NOI
$15.0K $10.42/SF
Area
Teller County, CO
Vacancy
11.80%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,100
Cap Rate 7%
$214,357
Cap Rate 9%
$166,722
Alternative Uses
Best Use
Apartment 5plus
$214.4K
$187.6K – $250.1K
NOI $15,005 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.4K
$292.6K – $390.2K
NOI $23,410 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
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Business Placement
Demographics for 80863, CO
12,738
Population
5,734
Households
2.2
Avg Household Size
49
Median Age
42%
College-Educated
97%
High-School Grad
173.4 sq mi
ZIP Area
73
Density / Sq Mi
$100,011
Median Household Income
$49,333
Median Earnings
$1,960
Median Rent
$503,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two upstairs bedrooms and a main-level living area provide a practical layout in this townhome.
Where is this residential income property located?
The property is located at 554 Manor Court # C Woodland Park, CO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2 bedrooms and 1.5 bathrooms; 1,440 square feet with a partial basement; Oversized 1.5‑car garage
