Refreshed Four-Bedroom
For Sale
$899,000
641 Ryan Gulch Road, Silverthorne, CO 80498
Residential, SILVERTHORNE, CO
Property Size1,953 SF
Lot Size0.12 Acres
Price / SF$460.32
Days on Market83
Property Features for 641 Ryan Gulch Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4
Pets allowed
Yes
Appliances
Dishwasher, Disposal, Range Electric, Refrigerator
Subdivision
WILDERNEST SUB
View
Mountains, Lake
Standard status
Active
APN
601873
Size
1,953 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4074
Utilities
Heating system
Natural Gas, Baseboard
Building Details
Year built
1981
Flooring type
Wood, Carpet - Full, Concrete, Tile
Roof type
Shingle
Listing Agency:
Slifer Smith & Frampton R.E.
(970) 547-7960
Listed By:
Megan Wheat · License #01166123
(970) 343-4419
Added: Jul 8
Changed: Sep 22
Last Checked: Sep 28 at 12:06PM
MLS# S1069832
Copyright © 2026 Altitude REALTORS ®. 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 1,953-square-foot duplex on a 0.12-acre lot was built in 1981 and has been completely refreshed. The four-bedroom layout includes three bathrooms, generous bedroom areas, shared main-level gathering space, and a lower-level suite with an additional living area. A kitchen with electric range, refrigerator, dishwasher, and disposal connects to an oversized laundry and mud room. Interior finishes include wood, tile, carpet, and concrete flooring, with natural gas baseboard heating. A one-car garage and interior storage add practical utility.
Outdoor features include a large deck with views toward the Continental Divide, Lake Dillon, and Ptarmigan Peak. The property is positioned near the Wildernest trail network, with Summit Stage service nearby for access to town, ski areas, festivals, shopping, and dining. Additional side parking is permitted for recreational vehicles. New municipal water mains and curb stops were completed in September 2026, and the property has no HOA.
Outdoor features include a large deck with views toward the Continental Divide, Lake Dillon, and Ptarmigan Peak. The property is positioned near the Wildernest trail network, with Summit Stage service nearby for access to town, ski areas, festivals, shopping, and dining. Additional side parking is permitted for recreational vehicles. New municipal water mains and curb stops were completed in September 2026, and the property has no HOA.
Key Highlights
- Four‑bedroom, three‑bathroom duplex with 1,953 square feet
- 0.12‑acre lot with a 1981 construction date
- Large deck with views of the Continental Divide, Lake Dillon, and Ptarmigan Peak
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
$32,556
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
3.62%
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%
$651,120
$651.1K
Cap Rate 7%
$465,086
$465.1K
Cap Rate 9%
$361,733
$361.7K
Market Conditions
NOI Build-Up for 1,953 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
$49.2K $25.20/SF
− Vacancy
−$2.7K −$1.39/SF
EGI
$46.5K $23.81/SF
− OpEx
−$14.0K −$7.14/SF
NOI
$32.6K $16.67/SF
Area
Summit County, CO
Vacancy
5.50%
Lease Rate
$25.20 /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%
$651,120
Cap Rate 7%
$465,086
Cap Rate 9%
$361,733
Alternative Uses
Best Use
Multifamily LT 5
$465.1K
$407.0K – $542.6K
NOI $32,556 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$429.5K
$375.8K – $501.1K
NOI $30,064 @ 7.0% cap · market cap 3.34%
Theoretical Best
Warehouse
$38.87M
$34.01M – $45.35M
NOI $2,721,047 @ 7.0% cap · market cap 302.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 80498, CO
8,405
Population
6,931
Households
1.2
Avg Household Size
40
Median Age
44%
College-Educated
91%
High-School Grad
294.8 sq mi
ZIP Area
29
Density / Sq Mi
$105,227
Median Household Income
$49,636
Median Earnings
$1,738
Median Rent
$721,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Mountain duplex near trail access with a deck, garage, recreational vehicle parking, and no HOA.
Where is this duplex located?
The property is located at 641 Ryan Gulch Road Silverthorne, CO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four‑bedroom, three‑bathroom duplex with 1,953 square feet; 0.12‑acre lot with a 1981 construction date; Large deck with views of the Continental Divide, Lake Dillon, and Ptarmigan Peak
