Over-Under Duplex with Private
723 E Prospect Rd, Fort Collins, CO 80525
MULTI_FAMILY - Contemporary - Fort Collins, CO
Type:Single Family Residence
Property size:
2,290 SFLot size:
0.23 AcresPrice / SF:
$235/SF- Added:
- Apr 11, 2026
- Days on Market:
- 65
- Last Refresh:
- Jun 14 at 5:06 pm
Property Features for 723 E Prospect Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- LMN
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Laundry Room, Bedroom 5, Laundry Room, Dining Room, Basement, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Family Room
- Fencing
- Chain Link
- Fireplace
- 1
- Basement
- Full
- Appliances
- Electric Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- R0105228
- Size
- 2,290 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3565
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Contemporary
Listing agent Amber Cano (970) 388-1544
Listing office Dynamic Real Estate Services 1013 W. Mountain Avenue, CO (970) 391-7314
Listing date Apr 11, 2026
MLS# 1056288
Listing URL
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.
HighLights
- Over‑under duplex with separate gas and electric meters for each unit
- Each unit has its own furnace and hot water heater
- Lower level includes a private entrance for added flexibility
- Expansive fully fenced backyard with a large patio; chain link fencing
- Refreshed with fresh interior and exterior paint plus new fixtures
- Includes electric range, dishwasher, refrigerator, washer, and dryer; forced‑air heating and fireplace
Overview
This contemporary over-under duplex offers two separate living units under one roof. Each unit is equipped with its own gas and electric meters, along with an individual furnace and hot water heater, supporting independent utility management. The lower level includes a private entrance, which can add flexibility for rental arrangements or multigenerational living. Outdoors, the property features a fully fenced backyard and a large patio for private use. The home has been refreshed with multiple upgrades, including fresh interior and exterior paint, new fixtures, and updated front landscaping, including a low-maintenance xeriscaped front yard.
Located at 723 E Prospect Rd in Fort Collins, CO, the property sits in Midtown near everyday amenities. The public remarks note convenient access to CSU, shopping, dining, and other local conveniences.
For tenants, buyers, or operators seeking a duplex with meaningful separation, the unit-by-unit mechanicals and private lower entrance provide practical day-to-day functionality. The refreshed condition, along with outdoor space that remains contained within a fully fenced yard, makes it a straightforward option for occupancy or leasing within a single property footprint.
Located at 723 E Prospect Rd in Fort Collins, CO, the property sits in Midtown near everyday amenities. The public remarks note convenient access to CSU, shopping, dining, and other local conveniences.
For tenants, buyers, or operators seeking a duplex with meaningful separation, the unit-by-unit mechanicals and private lower entrance provide practical day-to-day functionality. The refreshed condition, along with outdoor space that remains contained within a fully fenced yard, makes it a straightforward option for occupancy or leasing within a single property footprint.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $20.16 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $43.8k | $19.11 |
| − OpEx | −$13.1k | −$5.73 |
| NOI | $30.6k | $13.38 |
2,290 SF · lease $20.16/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.7K
$383.0K – $510.6K
NOI $30,636 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$406.1K
$355.4K – $473.8K
NOI $28,429 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$596.3K
$521.8K – $695.7K
NOI $41,742 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Fort Collins
- County
- Larimer
- State
- Colorado
- Longitude
- -105.065172
- Latitude
- 40.566736
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Over-under duplex with separate utilities, private lower entrance, and a fully fenced backyard with patio.
Where is this duplex located?
The property is located at 723 E Prospect Rd Fort Collins, CO.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Over‑under duplex with separate gas and electric meters for each unit; Each unit has its own furnace and hot water heater; Lower level includes a private entrance for added flexibility
