Renovated Duplex with
For Sale
$550,000
906 W South 1st Street, Johnstown, CO 80534
Converted residential property with separate outdoor areas, ample parking, and mixed-use flexibility.
Property Size3,100 SF
Days on Market61
Property Features for 906 W South 1st Street
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,203
Building Details
Building Size
3,100 SF
Year Built
1971
Buildings
1
Listing Agency:
TopCO Realty
Listed By:
Brianna Waugh · License #IR1042228
(970) 310-8792
Source:
Eliselosassore
Added: Aug 19
Changed: Oct 18
Last Checked: Oct 16 at 4:13PM
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 TopCO Realty
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Investment Insights
Based on property information with market context.
Located at 906 W South 1st Street in Johnstown, Colorado, this duplex was created through the conversion of a single-family home. The upper residence includes 3 bedrooms, 2 bathrooms, and a 1-car attached garage. The lower residence offers 2 bedrooms and 1 bathroom, along with recent renovations.
Each unit has a private backyard with low-maintenance xeriscaping. The lower unit also includes a storage shed, while front parking accommodates up to 8 vehicles. Built in 1971, the property may support multiple ownership and operating approaches, including living in one unit while renting the other or maintaining both as rentals. The Town’s Mixed Use allowance also provides a basis for considering future commercial use.
Each unit has a private backyard with low-maintenance xeriscaping. The lower unit also includes a storage shed, while front parking accommodates up to 8 vehicles. Built in 1971, the property may support multiple ownership and operating approaches, including living in one unit while renting the other or maintaining both as rentals. The Town’s Mixed Use allowance also provides a basis for considering future commercial use.
Key Highlights
- Duplex conversion with upper 3‑bedroom, 2‑bathroom unit and lower 2‑bedroom, 1‑bathroom unit
- Upper unit includes a 1‑car attached garage
- Lower unit has recent renovations and a storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,678
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,560
$713.6K
Cap Rate 7%
$509,686
$509.7K
Cap Rate 9%
$396,422
$396.4K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$53.9K $17.40/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$51.0K $16.44/SF
− OpEx
−$15.3K −$4.93/SF
NOI
$35.7K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,560
Cap Rate 7%
$509,686
Cap Rate 9%
$396,422
Alternative Uses
Best Use
Multifamily LT 5
$509.7K
$446.0K – $594.6K
NOI $35,678 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$468.1K
$409.6K – $546.1K
NOI $32,765 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office B
$565.0K
$494.4K – $659.1K
NOI $39,548 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
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Business Placement
Demographics for 80534, CO
18,785
Population
7,137
Households
2.6
Avg Household Size
36
Median Age
37%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
391
Density / Sq Mi
$132,320
Median Household Income
$65,749
Median Earnings
$1,778
Median Rent
$509,500
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 - Converted residential property with separate outdoor areas, ample parking, and mixed-use flexibility.
Where is this duplex located?
The property is located at 906 W South 1st Street Johnstown, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex conversion with upper 3‑bedroom, 2‑bathroom unit and lower 2‑bedroom, 1‑bathroom unit; Upper unit includes a 1‑car attached garage; Lower unit has recent renovations and a storage shed
