C
Seller's Agent in 2025
Craig Francis
Equity Colorado-Front Range
(303) 261-7195
8 Total Sales
112 8th St Gilcrest, CO 80623
6
Beds
4
Baths
2,566
Sq Ft
0.25
Acres
Highlights
- Cathedral Ceiling
- Eat-In Kitchen
- No Interior Steps
- No HOA
- Patio
- Forced Air Heating System
About This Home
As of July 2025Investor Opportunity - Strong Bones, Strong Returns. This full duplex in Gilcrest offers a rare chance to acquire two large, income-producing units at a below-market price. Each side features 3 bedrooms, 2 bathrooms, vaulted ceilings, a central gas fireplace, and spacious layouts with attractive architectural details. Both units are tenant-occupied with long-term renters (5-10 years), and have historically provided consistent, low-touch rental income. While the property could benefit from cosmetic improvements and basic upkeep, it has excellent potential for value-add investors. Interior photos are from Unit 114 only; Unit 112 is a mirror-image with similar finishes and layout. This is a solid opportunity for sweat equity, steady cash flow, or a long-term hold at a compelling price point.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,401
Year Built
- Built in 2001
Lot Details
- 0.25 Acre Lot
- Fenced
- Level Lot
Home Design
- Duplex
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 2,566 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Gas Fireplace
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
- Primary bathroom on main floor
Laundry
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Driveway Level
Schools
- Gilcrest Elementary School
- North Valley Middle School
- Valley High School
Utilities
- Forced Air Heating System
- High Speed Internet
- Satellite Dish
Additional Features
- No Interior Steps
- Patio
Listing and Financial Details
- Tenant pays for gas, electricity, water, trash collection
- Assessor Parcel Number R0569701
Community Details
Overview
- No Home Owners Association
- 2 Units
- Gilcrest Town Subdivision
Amenities
- Community Storage Space
Building Details
- Gross Income $39,600
- Net Operating Income $34,699
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 11, 2023
Sold by
Cogburn Jeffrey L
Bought by
Cogburn Jeffrey L and Cogburn Michelle
Purchase Details
Closed on
Sep 8, 2022
Sold by
Clarke Jacqueline June
Bought by
Clarke Debbra June and Clarke Thomas R
Purchase Details
Closed on
Oct 4, 2002
Sold by
Skowron Gus and Skowron Brigitte
Bought by
Fernandez Johnny A and Fernandez Robbyn H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.2%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed Of Distribution | -- | -- | |
| Warranty Deed | $245,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $548,875 | FHA | |
| Previous Owner | $273,000 | New Conventional | |
| Previous Owner | $196,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Sold | $559,000 | 0.0% | $218 / Sq Ft |
| 06/09/2025 06/09/25 | Pending | -- | -- | -- |
| 05/29/2025 05/29/25 | For Sale | $559,000 | -- | $218 / Sq Ft |
Source: IRES MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,970 | $28,790 | $3,130 | $25,660 |
| 2024 | $2,970 | $28,790 | $3,130 | $25,660 |
| 2023 | $2,710 | $40,590 | $3,380 | $37,210 |
| 2022 | $2,634 | $32,640 | $2,520 | $30,120 |
| 2021 | $2,849 | $34,320 | $2,650 | $31,670 |
| 2020 | $2,274 | $28,680 | $1,430 | $27,250 |
| 2019 | $2,337 | $28,680 | $1,430 | $27,250 |
| 2018 | $2,083 | $24,600 | $1,440 | $23,160 |
| 2017 | $1,995 | $24,600 | $1,440 | $23,160 |
| 2016 | $1,352 | $17,170 | $1,590 | $15,580 |
| 2015 | $1,220 | $17,170 | $1,590 | $15,580 |
| 2014 | $902 | $12,730 | $960 | $11,770 |
Source: Public Records
Agents Affiliated with this Home
-
Craig Francis
-
Ivan Rodriguez
I
Buyer's Agent in 2025
Ivan Rodriguez
(720) 240-8722
1 Total Sale
Map
Source: IRES MLS
MLS Number: 1035375
APN: R0569701
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
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