Updated Duplex for Residential
1640 Cheyenne Ave Loveland, CO 80538
1640 Cheyenne Ave, Loveland, CO, 80538
$590,000
For Sale
Under Contract
$590,000
MULTI_FAMILY - Loveland, CO
Property Size1,800 SF
Lot Size0.14 Acres
Price / SF$327.78
Days on Market78
Property Features for 1640 Cheyenne Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R3E
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4
- Parking
- 2
- Window features
- Window Coverings
- Patio and Porch features
- Patio
- Interior features
- Eat-in Kitchen
- Exterior features
- Sprinkler System
- Fencing
- Fenced
- Appliances
- Electric Range, Dishwasher, Refrigerator, Microwave, Disposal, Fire Alarm
- Standard status
- Active Under Contract
- APN
- R0336459
- Size
- 1,800 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2558
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame, Brick
- Roof type
- Composition
Listing agency
Group Harmony
(970) 229-0700
Listed by
Taylor Dye
(970) 691-5690
Added: May 6 Updated: Jul 7 at 3:36PM Checked: Jul 22 at 8:06PM
MLS# 1058326
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 updated duplex offers two residential units with private, fenced backyards. Each unit includes an attached one-car garage along with driveway and street parking. The property was fully renovated in 2024 with new windows, new furnaces, central air conditioning, along with updated floors, kitchens with appliances, and baths.
Located in Loveland, the property is described as minutes from Loveland High, McKee hospital, The Sculpture park, Lake Loveland, and shopping.
One unit is ready to show while the other unit is leased through April 2027, as indicated in the remarks. The listed monthly rent amount for the leased unit is $2,000 plus utilities.
Located in Loveland, the property is described as minutes from Loveland High, McKee hospital, The Sculpture park, Lake Loveland, and shopping.
One unit is ready to show while the other unit is leased through April 2027, as indicated in the remarks. The listed monthly rent amount for the leased unit is $2,000 plus utilities.
Key Highlights
- Duplex built in 1974 with central air, forced‑air heating, public sewer, and natural gas available
- Fully updated in 2024 with new windows, new furnaces, new floors, kitchens/appliances, and baths
- Each unit includes an attached 1‑car garage plus driveway parking and street parking
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 | $27.6k | $15.36 |
| − Vacancy | −$1.2k | −$0.66 |
| EGI | $26.5k | $14.70 |
| − OpEx | −$7.9k | −$4.41 |
| NOI | $18.5k | $10.29 |
1,800 SF · lease $15.36/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.6K – $308.8K
NOI $18,527 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$244.7K
$214.2K – $285.5K
NOI $17,132 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$483.1K
$422.8K – $563.7K
NOI $33,820 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Updated duplex with two units, attached one-car garages, fenced backyards, and modern HVAC including central air.
Where is this duplex located?
The property is located at 1640 Cheyenne Ave Loveland, CO.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Duplex built in 1974 with central air, forced‑air heating, public sewer, and natural gas available; Fully updated in 2024 with new windows, new furnaces, new floors, kitchens/appliances, and baths; Each unit includes an attached 1‑car garage plus driveway parking and street parking
