Duplex with Open Floor
For Sale
$409,999
1098 Lavender Ave, Loveland, CO 80537
Residential, Loveland, CO
Property Size1,144 SF
Lot Size0.10 Acres
Price / SF$358.39
Days on Market161
Property Features for 1098 Lavender Ave
General Information
Property type
Residential
Property subtype
Duplex
Zoning
P-38
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Dining Room, Bathroom 1, Bedroom 2, Bedroom 3
Patio and Porch features
Patio
Interior features
Cathedral Ceiling(s), Open Floorplan, Walk-In Closet(s)
Appliances
Electric Range, Refrigerator, Microwave, Disposal, Fire Alarm
Subdivision
Thompson Valley Second Sub
Lot features
Paved, Curbs, Gutters, Sidewalks
Elementary school
Milner (Sarah)
Middle school
Clark (Walt)
High school
Thompson Valley
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R1595678
Size
1,144 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2024
HOA Fee
$150 Quarterly
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2001
Floors in Building
1
Building materials
Brick
Roof type
Composition
Listing Agency:
Resident Realty
(970) 282-8585
Listed By:
Nicole Davis · License #100065115
(970) 412-9992
Added: Mar 24
Changed: Aug 19
Last Checked: Aug 31 at 1:06PM
MLS# 1054614
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 property includes 1,144 square feet of living area on a 0.1-acre lot. The interior contains three bedrooms, two bathrooms, a dining room, and an open arrangement connecting the living, dining, and kitchen areas. Cathedral ceilings and a walk-in closet add to the interior configuration, while brick construction, forced-air heating, and central air provide established building features.
Outdoor improvements include a front porch and patio, with a two-car garage providing enclosed parking. The property was built in 2001 and includes an electric range, refrigerator, microwave, disposal, and fire alarm. Natural gas is available, and the property is served by public sewer. Located in Loveland, Colorado, the property carries P-38 zoning.
Outdoor improvements include a front porch and patio, with a two-car garage providing enclosed parking. The property was built in 2001 and includes an electric range, refrigerator, microwave, disposal, and fire alarm. Natural gas is available, and the property is served by public sewer. Located in Loveland, Colorado, the property carries P-38 zoning.
Key Highlights
- 1,144‑square‑foot duplex on a 0.1‑acre lot
- Three bedrooms and two bathrooms with an open living, dining, and kitchen layout
- Two‑car garage, front porch, and patio
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
$11,775
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%
$235,500
$235.5K
Cap Rate 7%
$168,214
$168.2K
Cap Rate 9%
$130,833
$130.8K
Market Conditions
NOI Build-Up for 1,144 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
$17.6K $15.36/SF
− Vacancy
−$750 −$0.66/SF
EGI
$16.8K $14.70/SF
− OpEx
−$5.0K −$4.41/SF
NOI
$11.8K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /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%
$235,500
Cap Rate 7%
$168,214
Cap Rate 9%
$130,833
Alternative Uses
Best Use
Multifamily LT 5
$168.2K
$147.2K – $196.3K
NOI $11,775 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.5K
NOI $10,888 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$307.1K
$268.7K – $358.3K
NOI $21,495 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
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 - Three-bedroom residence with a front porch, central air, and a two-car garage.
Where is this duplex located?
The property is located at 1098 Lavender Ave Loveland, CO.
What is the asking price?
The asking price for this property is $409,999.
What are key features of this property?
This property features: 1,144‑square‑foot duplex on a 0.1‑acre lot; Three bedrooms and two bathrooms with an open living, dining, and kitchen layout; Two‑car garage, front porch, and patio
