Two-Unit
New
For Sale
$360,000
619 E Kiowa Ave, Fort Morgan, CO 80701
Both residences have two bedrooms, one full bathroom, and active tenants.
Property Size1,760 SF
Price / SF$204.55
Days on Market2
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Property Features for 619 E Kiowa Ave
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Investment
Occupancy
100%
Financials
Gross Income
$28,800
Average Monthly Rent
$1,200
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,356
Building Details
Year Built
1955
Units
2
Listing Agency:
eXp Realty, LLC
Listed By:
Lee Ann Samuels
(970) 441-0063
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:27AM
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
Investment Insights
Based on property information with market context.
This duplex at 619 E Kiowa Ave in Fort Morgan contains two residences, each with 2 bedrooms, 1 full bathroom, and 880 square feet. Together, the units provide 1,760 square feet of living space. The building dates to 1955, with stucco and roof updates made in 2026.
Both units are currently rented. A school is nearby, and the property has a Walk Score of 72 and a Bike Score of 52.
Both units are currently rented. A school is nearby, and the property has a Walk Score of 72 and a Bike Score of 52.
Key Highlights
- Two units, each with 2 bedrooms, 1 full bathroom, and 880 square feet
- 1,760 square feet of combined living space
- Stucco and roof updated in 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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one full bathroom, and active tenants.
Where is this duplex located?
The property is located at 619 E Kiowa Ave 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 combined living space; Stucco and roof updated in 2026
