Over-Under Duplex with STR
For Sale
$499,000
1150 E 5th St, Loveland, CO 80537
Residential Income, Loveland, CO
Property Size2,080 SF
Lot Size0.21 Acres
Price / SF$239.90
Days on Market119
Property Features for 1150 E 5th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Basement
Daylight, Full, Partially Finished
Appliances
Electric Range, Refrigerator, Washer, Dryer
Subdivision
Wilson
Lot features
Paved, Curbs, Gutters, Sidewalks, Street Light
Elementary school
Winona
Middle school
Bill Reed
High school
Mountain View
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R1681668
Size
2,080 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2338
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Amenities
shared washer/dryer hookups
yard
fire pit
storage shed
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Building materials
Frame
Roof type
Composition
Listing Agency:
Group Mulberry
(970) 221-0700
Listed By:
Kyle Basnar · License #100067579
(970) 481-5689
Added: May 11
Changed: Sep 1
Last Checked: Sep 6 at 2:06AM
MLS# 1058773
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.
Built in 1948, this 2,080-square-foot over-under duplex includes two separate residences: an upper two-bedroom, one-bath unit and a lower three-bedroom, one-bath unit. The property sits on a 0.21-acre lot and includes forced-air heating, frame construction, a composition roof, public sewer, and natural gas availability. Interior and exterior paint have been refreshed, while the kitchen appliances and water heaters were replaced in 2021. Shared washer and dryer hookups serve the units.
Outdoor features include a spacious yard with a fire pit, storage shed, and four paved off-street parking spaces. Located at 1150 E 5th St in Loveland, the property is near downtown restaurants, breweries, shopping, community events, the Civic Center trail, and Sunnyside Park. Residential zoning permits short-term rentals, supporting flexible rental strategies or an owner-occupant arrangement.
Outdoor features include a spacious yard with a fire pit, storage shed, and four paved off-street parking spaces. Located at 1150 E 5th St in Loveland, the property is near downtown restaurants, breweries, shopping, community events, the Civic Center trail, and Sunnyside Park. Residential zoning permits short-term rentals, supporting flexible rental strategies or an owner-occupant arrangement.
Key Highlights
- 2,080‑square‑foot over‑under duplex on a 0.21‑acre lot
- Upper unit has 2 bedrooms and 1 bath; lower unit has 3 bedrooms and 1 bath
- Residential zoning permits short‑term rentals
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
$21,409
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
4.29%
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%
$428,180
$428.2K
Cap Rate 7%
$305,843
$305.8K
Cap Rate 9%
$237,878
$237.9K
Market Conditions
NOI Build-Up for 2,080 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
$31.9K $15.36/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$30.6K $14.70/SF
− OpEx
−$9.2K −$4.41/SF
NOI
$21.4K $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%
$428,180
Cap Rate 7%
$305,843
Cap Rate 9%
$237,878
Alternative Uses
Best Use
Multifamily LT 5
$305.8K
$267.6K – $356.8K
NOI $21,409 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$282.8K
$247.5K – $329.9K
NOI $19,796 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$558.3K
$488.5K – $651.4K
NOI $39,081 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,754
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 - Residential zoning permits short-term rental use in a two-unit configuration.
Where is this duplex located?
The property is located at 1150 E 5th St Loveland, CO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,080‑square‑foot over‑under duplex on a 0.21‑acre lot; Upper unit has 2 bedrooms and 1 bath; lower unit has 3 bedrooms and 1 bath; Residential zoning permits short‑term rentals
