Two-Unit Duplex with New
619-621 E Kiowa Avenue, Fort Morgan, CO 80701
For Sale
$360,000
Both residences are tenant-occupied, with lawn care and water and sewer service handled by the owner.
Property Size1,760 SF
Price / SF$204.55
Days on Market32
Property Features for 619-621 E Kiowa Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Building Details
Year Built
Buildings
Listing Agency:
eXp Realty LLC
(888) 440-2724
Listed By:
Lee Ann Samuels · License CO #40006018
(970) 441-0063
Source:
Teamlassen
Added: Oct 10
Changed: Nov 9
Last Checked: Nov 9 at 10:13AM
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 eXp Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with 2 bedrooms, 1 full bathroom, and 880 square feet of living area, for 1,760 square feet combined. Stucco work and a roof replacement are identified as 2026 exterior improvements. Both units are rented, and the front residence has long-term tenants.
The owner maintains the lawn and covers water and sewer expenses. Tenants handle snow removal, electricity, and gas. The property is close to a school.
The owner maintains the lawn and covers water and sewer expenses. Tenants handle snow removal, electricity, and gas. The property is close to a school.
Key Highlights
- Two units, each with 2 bedrooms, 1 full bathroom, and 880 square feet
- 1,760 square feet of total living area
- Stucco and roof improvements dated 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,665
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,300
$353.3K
Cap Rate 7%
$252,357
$252.4K
Cap Rate 9%
$196,278
$196.3K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$27.0K $15.36/SF
− Vacancy
−$1.8K −$1.02/SF
EGI
$25.2K $14.34/SF
− OpEx
−$7.6K −$4.30/SF
NOI
$17.7K $10.04/SF
Area
Morgan County, CO
Vacancy
6.65%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,300
Cap Rate 7%
$252,357
Cap Rate 9%
$196,278
Alternative Uses
Best Use
Multifamily LT 5
$252.4K
$220.8K – $294.4K
NOI $17,665 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$226.9K
$198.5K – $264.7K
NOI $15,880 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$515.3K
$450.9K – $601.2K
NOI $36,073 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 80701, CO
16,101
Population
6,575
Households
2.4
Avg Household Size
35
Median Age
19%
College-Educated
84%
High-School Grad
616.5 sq mi
ZIP Area
26
Density / Sq Mi
$72,500
Median Household Income
$41,071
Median Earnings
$1,096
Median Rent
$318,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied, with lawn care and water and sewer service handled by the owner.
Where is this duplex located?
The property is located at 619-621 E Kiowa Avenue Fort Morgan, CO.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 full bathroom, and 880 square feet; 1,760 square feet of total living area; Stucco and roof improvements dated 2026
