Two-Residence Duplex
New
For Sale
$575,000
1820 Daffodil Ave, Greeley, CO 80631
Residential, Greeley, CO
Property Size3,466 SF
Lot Size0.86 Acres
Price / SF$165.90
Days on Market3
Property Features for 1820 Daffodil Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES/ C-3
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Interior features
Eat-in Kitchen
Exterior features
Oversized Garage
Fireplace
1
Basement
Partially Finished
Appliances
No Inclusions
Subdivision
GREELEY RURAL
Lot features
Native Grass, Level, Unincorporated, Mineral Rights Excluded
Elementary school
East Memorial
Middle school
Bella Romero
High school
Greeley Central
Elementary school district
Greeley 6
Middle school district
Greeley 6
High school district
Greeley 6
Standard status
Active
APN
R3359286
Size
3,466 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3485
Utilities
Utilities
Natural Gas Available
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1955
Floors in Building
2
Building materials
Frame, Stucco
Roof type
Composition
Listing Agency:
LPT Realty, LLC. · Realty ONE Group
(877) 366-2213
Listed By:
Damariz Medrano Ramirez
(970) 888-4694
Added: Sep 5
Last Checked: Sep 7 at 9:06AM
MLS# 1068116
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 two separate residences on 0.86 acres. The primary home contains 2,534 square feet with 2 bedrooms and 2 bathrooms, while the additional dwelling unit provides 958 square feet with 2 bedrooms and 1 bathroom. Interior and exterior features include an eat-in kitchen, oversized garage, basement, fireplace, frame and stucco construction, baseboard heat, window or wall/window cooling units, and a composition roof. The property was built in 1955 and has natural gas available.
Both residences are occupied under month-to-month leases, offering an existing rental arrangement with flexibility subject to applicable lease terms. The property is zoned RES/ C-3 and is served by a private road. It is being offered as-is, with buyers responsible for independently verifying zoning, permitted uses, development potential, square footage, acreage, utilities, leases, and ADU status.
Both residences are occupied under month-to-month leases, offering an existing rental arrangement with flexibility subject to applicable lease terms. The property is zoned RES/ C-3 and is served by a private road. It is being offered as-is, with buyers responsible for independently verifying zoning, permitted uses, development potential, square footage, acreage, utilities, leases, and ADU status.
Key Highlights
- Two separate residences totaling 3,466 square feet
- Primary residence: 2,534 square feet, 2 bedrooms, and 2 bathrooms
- Additional dwelling unit: 958 square feet, 2 bedrooms, and 1 bathroom
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
$39,890
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
6.94%
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%
$797,800
$797.8K
Cap Rate 7%
$569,857
$569.9K
Cap Rate 9%
$443,222
$443.2K
Market Conditions
NOI Build-Up for 3,466 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
$60.3K $17.40/SF
− Vacancy
−$3.3K −$0.96/SF
EGI
$57.0K $16.44/SF
− OpEx
−$17.1K −$4.93/SF
NOI
$39.9K $11.51/SF
Area
Greeley, CO
Vacancy
5.51%
Lease Rate
$17.40 /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%
$797,800
Cap Rate 7%
$569,857
Cap Rate 9%
$443,222
Alternative Uses
Best Use
Multifamily LT 5
$569.9K
$498.6K – $664.8K
NOI $39,890 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$523.3K
$457.9K – $610.6K
NOI $36,633 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office B
$631.7K
$552.7K – $737.0K
NOI $44,217 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 80631, CO
52,336
Population
18,871
Households
2.8
Avg Household Size
29
Median Age
18%
College-Educated
73%
High-School Grad
103.6 sq mi
ZIP Area
505
Density / Sq Mi
$52,470
Median Household Income
$33,062
Median Earnings
$1,209
Median Rent
$300,400
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 - Two separate residences on a private road, each supported by an existing month-to-month lease.
Where is this duplex located?
The property is located at 1820 Daffodil Ave Greeley, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two separate residences totaling 3,466 square feet; Primary residence: 2,534 square feet, 2 bedrooms, and 2 bathrooms; Additional dwelling unit: 958 square feet, 2 bedrooms, and 1 bathroom
