Mountain-View Duplex
For Sale
$1,998,000
92 Emmett Lode Road, Breckenridge, CO 80424
Residential Income, Breckenridge, CO
Property Size3,440 SF
Lot Size0.29 Acres
Price / SF$580.81
Days on Market111
Property Features for 92 Emmett Lode Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bedroom 5, Laundry Room, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 1, Basement, Bedroom 4, Family Room, Dining Room, Bedroom 2, Bathroom 2, Bedroom 3, Laundry Room, Bathroom 6, Bathroom 5
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Open Floorplan, Vaulted Ceiling(s), Fireplace
Fireplace
1
Appliances
Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Range, Dryer, Disposal, Dishwasher
Subdivision
OUT OF AREA
Lot features
Crn/ Cul de Sac, Back Yard, Cleared, Cul-De-Sac, Few Trees, Near Public Transit, Private, Views
Elementary school district
Out of County School District
Middle school district
Out of County School District
High school district
Out of County School District
Standard status
Active
APN
2371054056001
Size
3,440 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 2RB BLOCK 1 EMMETT DUPLEX
Tax Annual Amount
6931
Legal Description
LOT 2RB BLOCK 1 EMMETT DUPLEX
Utilities
Sewer type
Public Sewer
Amenities
hot tub
Building Details
Year built
1997
Floors in Building
2
Flooring type
Hardwood
Building materials
Frame
Architectural style
Contemporary, Ranch
Listing Agency:
Serhant Colorado LLC
(720) 303-8937
Listed By:
Clare Day
(720) 341-7456
Added: May 26
Changed: Sep 12
Last Checked: Sep 13 at 12:06AM
MLS# 26-701
Copyright © 2026 Grand County Board of 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 duplex property contains 3,440 square feet on a 0.29-acre lot in Breckenridge. The interior includes an open floor plan, vaulted ceilings, hardwood flooring, a fireplace, and large windows oriented toward views of the Tenmile Range and Breckenridge Ski Resort. The residence is furnished and includes a kitchen equipped with stainless steel appliances, gas range, dishwasher, refrigerator, microwave, disposal, washer, and dryer.
A paved driveway leads to an attached finished 2-car garage with room for vehicles and outdoor equipment. Outdoor features include a deck and large hot tub. Built in 1997 with frame construction, the property is served by public sewer and includes five bedrooms and six bathrooms.
A paved driveway leads to an attached finished 2-car garage with room for vehicles and outdoor equipment. Outdoor features include a deck and large hot tub. Built in 1997 with frame construction, the property is served by public sewer and includes five bedrooms and six bathrooms.
Key Highlights
- 3,440‑square‑foot duplex property on a 0.29‑acre lot
- Views of the Tenmile Range and Breckenridge Ski Resort
- Attached finished 2‑car garage with paved driveway
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
$57,344
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
2.87%
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%
$1,146,880
$1.1M
Cap Rate 7%
$819,200
$819.2K
Cap Rate 9%
$637,156
$637.2K
Market Conditions
NOI Build-Up for 3,440 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
$86.7K $25.20/SF
− Vacancy
−$4.8K −$1.39/SF
EGI
$81.9K $23.81/SF
− OpEx
−$24.6K −$7.14/SF
NOI
$57.3K $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%
$1,146,880
Cap Rate 7%
$819,200
Cap Rate 9%
$637,156
Alternative Uses
Best Use
Multifamily LT 5
$819.2K
$716.8K – $955.7K
NOI $57,344 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$756.5K
$661.9K – $882.6K
NOI $52,955 @ 7.0% cap · market cap 2.65%
Theoretical Best
Warehouse
$68.47M
$59.91M – $79.88M
NOI $4,792,832 @ 7.0% cap · market cap 239.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 80424, CO
10,474
Population
11,886
Households
0.9
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
125.9 sq mi
ZIP Area
83
Density / Sq Mi
$109,497
Median Household Income
$49,958
Median Earnings
$2,029
Median Rent
$970,000
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 - Furnished mountain property with expansive windows, a hot tub, deck, and attached garage near Breckenridge Ski Resort.
Where is this duplex located?
The property is located at 92 Emmett Lode Road Breckenridge, CO.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: 3,440‑square‑foot duplex property on a 0.29‑acre lot; Views of the Tenmile Range and Breckenridge Ski Resort; Attached finished 2‑car garage with paved driveway
