Duplex with Covered
New
For Sale
$399,000
720 Ponderosa Dr, Fort Collins, CO 80521
Residential, Fort Collins, CO
Property Size1,101 SF
Lot Size0.14 Acres
Price / SF$362.40
Days on Market7
Property Features for 720 Ponderosa Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
LMN
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Eat-in Kitchen, Natural Woodwork, Washer/Dryer Hookup
Exterior features
Sprinkler System
Fencing
Fenced
Fireplace
1
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm
Subdivision
Ponderosa Park PUD
Lot features
Deciduous Trees, Level, House Faces West, Paved
View
City
Elementary school
Bauder
Middle school
Lincoln
High school
Poudre
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
From Mulberry St and Taft Hill Rd, West on Mulberry, left on Ponderosa Dr, home is on the left.
Standard status
Active
APN
R1042947
Size
1,101 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2704
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wood, Wood Stove, Baseboard, Heat Pump (Heating)
Cooling system
Ductless, Whole House Fan, Ceiling Fan(s)
Water source
Public
Amenities
wood-burning fireplace
covered patio
fenced backyard
Building Details
Year built
1980
Floors in Building
1
Building materials
Frame
Roof type
Composition
Listing Agency:
RE/MAX Advanced Inc. · RE/MAX International
(970) 221-5995
Listed By:
Sarah Schilz · License #100029674
(970) 817-0906
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 4 at 7:06PM
MLS# 1069581
Copyright © 2026 IRES MLS. 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 duplex, built in 1980, contains 1,101 square feet on a 0.14-acre lot. Interior features include a living room, family room, open kitchen, and wood-burning fireplace. A covered patio extends the usable space outdoors, while the fenced backyard includes a sprinkler system. Andersen windows and a sliding glass door are among the property’s features; the siding and roof have received ongoing maintenance. Public water and sewer service the property, and cable is available.
The property is approximately half a mile from Rogers Park, Poudre High School, and King Soopers. City Park and the golf course are about a mile away, and Colorado State University is nearby.
The property is approximately half a mile from Rogers Park, Poudre High School, and King Soopers. City Park and the golf course are about a mile away, and Colorado State University is nearby.
Key Highlights
- Duplex with 1,101 square feet on a 0.14‑acre lot
- LMN zoning
- Living room, family room, open kitchen, and wood‑burning fireplace
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
$14,729
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
3.69%
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%
$294,580
$294.6K
Cap Rate 7%
$210,414
$210.4K
Cap Rate 9%
$163,656
$163.7K
Market Conditions
NOI Build-Up for 1,101 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
$22.2K $20.16/SF
− Vacancy
−$1.2K −$1.05/SF
EGI
$21.0K $19.11/SF
− OpEx
−$6.3K −$5.73/SF
NOI
$14.7K $13.38/SF
Area
Fort Collins, CO
Vacancy
5.20%
Lease Rate
$20.16 /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%
$294,580
Cap Rate 7%
$210,414
Cap Rate 9%
$163,656
Alternative Uses
Best Use
Multifamily LT 5
$210.4K
$184.1K – $245.5K
NOI $14,729 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.8K
NOI $13,668 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$286.7K
$250.9K – $334.5K
NOI $20,069 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 80521, CO
37,451
Population
15,121
Households
2.5
Avg Household Size
26
Median Age
63%
College-Educated
98%
High-School Grad
14.0 sq mi
ZIP Area
2,675
Density / Sq Mi
$52,679
Median Household Income
$15,918
Median Earnings
$1,412
Median Rent
$541,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - LMN-zoned property features living and family rooms, a fenced yard, and a wood-burning fireplace.
Where is this duplex located?
The property is located at 720 Ponderosa Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex with 1,101 square feet on a 0.14‑acre lot; LMN zoning; Living room, family room, open kitchen, and wood‑burning fireplace
