Over-Under Duplex with Off-Street
1150 E 5th St Loveland, CO 80537
1150 E 5th St, Loveland, CO, 80537
$510,000
For Sale
$510,000
MULTI_FAMILY - Loveland, CO
Property Size2,080 SF
Lot Size0.21 Acres
Price / SF$245.19
Days on Market73
Property Features for 1150 E 5th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Basement
- Basement
- Daylight, Full, Partially Finished
- Appliances
- Electric Range, Refrigerator, Washer, Dryer
- 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
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
(970) 481-5689
Added: May 11 Updated: Jul 10 at 4:27PM Checked: Jul 22 at 2:06PM
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.
Well-maintained over-under duplex offering two separate units. The upper unit has 2 bedrooms and 1 bathroom, and the lower unit has 3 bedrooms and 1 bathroom. Recent improvements include newer interior and exterior paint, with kitchen appliances and water heaters replaced in 2021. Shared washer/dryer hookups are available, along with a spacious yard with a fire pit and a storage shed, and four paved off-street parking spaces.
The property is located on E 5th St in Loveland, with convenient access to restaurants, breweries, shopping, and year-round community events. It is described as being just blocks from the Civic Center trail and Sunnyside Park.
Zoning is listed as Res and the remarks state short-term rentals (STR) are allowed, supporting flexible long-term or short-term occupancy. The property is currently generating $3,300 per month in total rent, with the upper unit rented at $1,700 per month and the lower unit rented at $1,600 per month.
The property is located on E 5th St in Loveland, with convenient access to restaurants, breweries, shopping, and year-round community events. It is described as being just blocks from the Civic Center trail and Sunnyside Park.
Zoning is listed as Res and the remarks state short-term rentals (STR) are allowed, supporting flexible long-term or short-term occupancy. The property is currently generating $3,300 per month in total rent, with the upper unit rented at $1,700 per month and the lower unit rented at $1,600 per month.
Key Highlights
- Well‑maintained 2‑unit over/under duplex built in 1948 with 5 bedrooms total (upper 2BR/1BA, lower 3BR/1BA)
- Current total rent is $3,300/month: upper unit $1,700/mo and lower unit $1,600/mo
- Zoning allows short‑term rentals (STR), supporting long‑term or short‑term rental use
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $15.36 |
| − Vacancy | −$1.4k | −$0.66 |
| EGI | $30.6k | $14.70 |
| − OpEx | −$9.2k | −$4.41 |
| NOI | $21.4k | $10.29 |
2,080 SF · lease $15.36/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.8K
$267.6K – $356.8K
NOI $21,409 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$282.8K
$247.5K – $329.9K
NOI $19,796 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$558.3K
$488.5K – $651.4K
NOI $39,081 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained over-under duplex with four paved off-street parking spaces, newer paint, and 2021 appliance and water-heater replacements.
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 $510,000.
What are key features of this property?
This property features: Well‑maintained 2‑unit over/under duplex built in 1948 with 5 bedrooms total (upper 2BR/1BA, lower 3BR/1BA); Current total rent is $3,300/month: upper unit $1,700/mo and lower unit $1,600/mo; Zoning allows short‑term rentals (STR), supporting long‑term or short‑term rental use
