Four-Bedroom Duplex with
For Sale
$975,000
641 Ryan Gulch Road, Silverthorne, CO 80498
Residential, SILVERTHORNE, CO
Property Size1,953 SF
Lot Size0.12 Acres
Price / SF$499.23
Days on Market49
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
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1
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
Amenities
deck
Building Details
Year built
1981
Flooring type
Concrete, Wood, Carpet - Full, Tile
Roof type
Shingle
Listing Agency:
Slifer Smith & Frampton R.E.
(970) 547-7960
Listed By:
Megan Wheat · License #FA100066690
(970) 343-4419
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 25 at 9:06PM
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 four-bedroom duplex in Silverthorne offers 1,953 square feet of residential space across a practical layout. The lower-level suite includes an additional living area suited to guests, extended stays, renters, or recreational use. Main-level common areas accommodate larger gatherings, while the kitchen connects to an oversized laundry and mud room. A one-car garage, interior storage, and permitted side parking for an RV or other recreational vehicle add functional capacity. The property was built in 1981 on a 0.12-acre lot and includes a large deck with views of the Continental Divide, Lake Dillon, and Ptarmigan Peak.
The home sits near Wildernest’s trail network, with access to the Summit Stage for connections to ski areas, festivals, shopping, and dining throughout Summit County. Appliances include a dishwasher, disposal, electric range, and refrigerator. Heating is provided by natural gas baseboard systems, and there is no HOA.
The home sits near Wildernest’s trail network, with access to the Summit Stage for connections to ski areas, festivals, shopping, and dining throughout Summit County. Appliances include a dishwasher, disposal, electric range, and refrigerator. Heating is provided by natural gas baseboard systems, and there is no HOA.
Key Highlights
- Four‑bedroom duplex with 1,953 square feet of space
- Lower‑level suite with bonus living area
- Large deck overlooking 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
3.34%
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 3.34%
Second Best
Apartment 5plus
$429.5K
$375.8K – $501.1K
NOI $30,064 @ 7.0% cap · market cap 3.08%
Theoretical Best
Warehouse
$38.87M
$34.01M – $45.35M
NOI $2,721,047 @ 7.0% cap · market cap 279.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Mountain duplex with a lower-level suite, garage, recreational vehicle parking, and views toward the Continental Divide.
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 $975,000.
What are key features of this property?
This property features: Four‑bedroom duplex with 1,953 square feet of space; Lower‑level suite with bonus living area; Large deck overlooking the Continental Divide, Lake Dillon, and Ptarmigan Peak
