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    Updated Victorian Multi-Family Triplex Title is generated by Realmo AI

    131 Park St, Sterling, CO 80751

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    For Sale
    $345,000

    MULTI_FAMILY - Victorian - Sterling, CO

    Property size:
    3,299 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $104/SF
    Added:
    Feb 6, 2026
    Days on Market:
    119
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 131 Park St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RES
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Dining Room, Bedroom 6, Bedroom 2, Bedroom 8, Basement, Bathroom 3, Bedroom 1, Bedroom 7
    Parking
    7
    Window features
    Window Coverings
    Patio and Porch features
    Deck, Patio
    Interior features
    Eat-in Kitchen, Separate Dining Room, Washer/Dryer Hookup
    Exterior features
    Balcony
    Fencing
    Fenced, Chain Link
    Basement
    Crawl Space, Unfinished, Partial
    Appliances
    Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm
    Standard status
    Active
    APN
    5948000
    Size
    3,299 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1317

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Ceiling Fan(s)

    Building Details

    Year built
    1905
    Floors in Building
    2
    Number of units
    3
    Building materials
    Wood Siding, Painted/Stained
    Roof type
    Composition
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Michele Owen
    Michele Owen

    Listing agent Michele Owen License #FA40005110

    Listing office Sterling Homes LLC 328 Main Street, Sterling, CO

    Listing date Feb 6, 2026

    MLS# 1051158 Listing URL

    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.

    HighLights

    • Updated Tri‑Plex: Boasting fresh paint, updated flooring, and a new roof.
    • Unit A: A spacious 4‑bedroom, 2‑story unit with remodeled full bath, large living room, den (potential 5th bedroom), full kitchen with appliances, and mud room with washer/dryer hook‑ups, ready for new owner.
    • Detached 2‑Car Garage: Provides secure parking and additional storage space.
    • Multiple Units: Includes a 3‑story unit (Unit B) and a 1‑bedroom unit (Unit C), offering diverse rental income potential.
    • Washer/Dryer Hookups/Appliances: Each unit equipped with washer/dryer hookups or appliances.
    • Exterior Features: Includes a balcony, patio, deck, and fenced yard.

    Overview

    This updated triplex includes a detached 2-car garage. Unit A, closest to the corner, is a 4-bedroom, 2-story unit with a remodeled full bath. It features a large living room, a den that can serve as a 5th bedroom or formal dining room, a full kitchen with appliances, and a mud room with washer/dryer hook-ups. One bedroom is on the main level, with three bedrooms upstairs. Unit B is a 3-story unit with a living room, dining area, kitchen with stove and refrigerator, washer/dryer, and a 1/2 bath on the main floor. The second story contains a bedroom and full bath, with a loft serving as the 2nd bedroom. This unit has use of a fenced yard. Unit C, off Park Street, is a roomy one-bedroom unit with a living room, nice kitchen, washer/dryer, and full bath, plus a small deck. The property has undergone many updates, including interior and exterior paint, updated flooring, and a new roof. The property is tenant-occupied, and the owner lives in Unit A and would vacate. The property is located in Sterling, Colorado, on a lot of 0.18 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Logan
    State
    Colorado
    Longitude
    -103.212813
    Latitude
    40.6194

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    FAQs

    What type of property is this?
    Triplex - Updated triplex with detached garage in Sterling, Colorado.
    Where is this triplex located?
    The property is located at 131 Park St Sterling, CO.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Updated Tri‑Plex: Boasting fresh paint, updated flooring, and a new roof.; Unit A: A spacious 4‑bedroom, 2‑story unit with remodeled full bath, large living room, den (potential 5th bedroom), full kitchen with appliances, and mud room with washer/dryer hook‑ups, ready for new owner.; Detached 2‑Car Garage: Provides secure parking and additional storage space.
    (970) 580-2949
    We can help!
    Listing Contact
    Michele Owen
    Michele Owen
    Real Estate License ID: FA40005110
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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