Meth-Affected Multifamily
For Sale
$450,000
2010 W 9th Ave, Longmont, CO 80501
Residential, Longmont, CO
Property Size1,540 SF
Lot Size0.30 Acres
Price / SF$292.21
Days on Market53
Property Features for 2010 W 9th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-MF
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1
Interior features
Beamed Ceilings
Appliances
No Inclusions
Subdivision
Parkside 3
Lot features
House Faces South
Elementary school
Mountain View
Middle school
Longs Peak
High school
Longmont
Elementary school district
ST Vrain Dist RE 1J
Middle school district
ST Vrain Dist RE 1J
High school district
ST Vrain Dist RE 1J
Directions
From I-25 Take exit 240 for CO-119 W toward Firestone/Longmont. Turn onto CO-119 (signs for Longmont) - 4.7 mi. Turn right onto E 3rd Ave - 0.5 mi. Turn right onto Pace St - 0.8 mi. Turn left onto E 9th Ave - 1.6 mi. Continue straight onto 9th Ave. The destination will be on the right; From Main St. go West toward Hover Rd, property is on the North side of 9th; From Hover Rd, go east approximately 2 blocks to property and sign on left (north) side of 9th.
Standard status
Active
APN
R0041176
Size
1,540 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2293
Utilities
Utilities
Natural Gas Available
Building Details
Year built
1900
Floors in Building
2
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Equity Colorado
(720) 722-3209
Listed By:
Darren Macca
(203) 526-4900
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 30 at 1:06AM
MLS# 1064115
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 multifamily property sits on a 0.3-acre lot and includes a 1,540 SF frame structure built in 1900 with a composition roof. Interior features include beamed ceilings, and the home contains multiple bedrooms and bathrooms as reflected in the room list. The seller notes that the property is meth-affected, and entry into the home is not permitted per guidance from the Environmental Health Specialist with Boulder County Public Health.
The property is described as having easy access to city water, waste, electric, and Xcel natural gas. It is also positioned close to outdoor parks and downtown restaurants and shopping in Longmont.
Utilities are listed as natural gas available, and no appliances or inclusions are provided with the listing.
The property is described as having easy access to city water, waste, electric, and Xcel natural gas. It is also positioned close to outdoor parks and downtown restaurants and shopping in Longmont.
Utilities are listed as natural gas available, and no appliances or inclusions are provided with the listing.
Key Highlights
- Zoned R‑MF
- 0.3‑acre lot with utility access including natural gas available
- 1,540 SF frame structure built in 1900
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
$16,277
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
3.62%
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%
$325,540
$325.5K
Cap Rate 7%
$232,529
$232.5K
Cap Rate 9%
$180,856
$180.9K
Market Conditions
NOI Build-Up for 1,540 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
$31.4K $20.40/SF
− Vacancy
−$1.8K −$1.18/SF
EGI
$29.6K $19.22/SF
− OpEx
−$13.3K −$8.65/SF
NOI
$16.3K $10.57/SF
Area
Weld County, CO
Vacancy
5.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$325,540
Cap Rate 7%
$232,529
Cap Rate 9%
$180,856
Alternative Uses
Best Use
Apartment 5plus
$232.5K
$203.5K – $271.3K
NOI $16,277 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Zoned R-MF on a lot with city water, waste, and natural gas access, with entry restrictions due to environmental guidance.
Where is this residential land & home lot located?
The property is located at 2010 W 9th Ave Longmont, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Zoned R‑MF; 0.3‑acre lot with utility access including natural gas available; 1,540 SF frame structure built in 1900
