Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    217 Applewood Ct Brush, CO 80723

    Sponsored
    For Sale
    $925,000

    MULTI_FAMILY - Brush, CO

    Property size:
    7,800 SF
    Lot size:
    0.33 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 14 at 4:06 pm

    Property Features for 217 Applewood Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RESIDENTIA
    Rooms
    Bedroom 2, Bedroom 19, Bedroom 41, Bedroom 51, Bathroom 29, Bathroom 22, Bathroom 30, Bathroom 25, Bedroom 30, Bedroom 47, Bedroom 33, Bedroom 44, Bathroom 6, Bedroom 52, Bathroom 1, Bathroom 23, Bedroom 27, Bathroom 21, Bathroom 13, Bathroom 10, Bedroom 10, Bathroom 24, Bedroom 35, Bedroom 23, Bedroom 29, Bedroom 1, Bedroom 9, Bathroom 20, Bedroom 37, Bedroom 45, Bedroom 21, Bedroom 62, Bedroom 57, Bedroom 50, Bathroom 12, Bathroom 19, Bedroom 28, Bedroom 46, Bedroom 13, Bedroom 39, Bedroom 54, Bedroom 63, Bathroom 5, Bedroom 5, Bedroom 12, Bedroom 15, Bedroom 26, Bedroom 17, Bedroom 31, Bedroom 38, Bedroom 43, Bedroom 14, Bedroom 6, Bedroom 40, Bedroom 4, Bathroom 27, Bedroom 53, Bathroom 31, Bathroom 3, Bathroom 14, Bedroom 58, Bathroom 17, Bathroom 26, Bedroom 8, Bedroom 7, Bedroom 60, Bedroom 36, Bedroom 24, Bedroom 64, Bedroom 20, Bedroom 34, Bedroom 11, Bedroom 32, Bedroom 49, Bedroom 59, Bedroom 55, Bathroom 32, Bathroom 2, Bedroom 18, Bathroom 8, Bathroom 11, Bedroom 16, Bathroom 4, Bathroom 18, Bedroom 48, Bedroom 61, Bathroom 28, Bedroom 56, Bedroom 3, Bedroom 42, Bathroom 16, Bathroom 15, Bedroom 22, Bedroom 25, Bathroom 7, Bathroom 9
    Bedrooms
    64
    APN
    123104210001
    Parking
    16
    Interior features
    Eat-in Kitchen, Open Floorplan, Kitchen Island
    Appliances
    Gas Range, Dishwasher, Refrigerator
    Size
    7,800 SF
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Radiant

    Building Details

    Year built
    1999
    Floors in Building
    2
    Number of units
    8
    Building materials
    Frame

    We can help!

    Listing Contact
    Kimberly Austin
    Kimberly Austin

    eXp Realty, LLC (888) 440-2724

    Listing agent Kimberly Austin (888) 440-2724

    Listing date Feb 10, 2026

    MLS# 1051193 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Multifamily Investment Opportunity

    This is an 8-unit apartment building located across from East Morgan County Hospital. Each of the 8 units features 2 bedrooms, 1 bathroom, and a full laundry room with hookups. The property is located in Brush, Colorado. The property contains 7,800 square feet and sits on a 0.33-acre lot. The property's zoning is residential. This multifamily property is suitable for a buy-and-hold strategy, providing immediate income with potential for rent growth. The property offers solid occupancy and low vacancy due to its location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Brush
    County
    Morgan
    State
    Colorado
    Longitude
    -103.651067
    Latitude
    40.255188

    Nearby Similar for Sale

    • New
      $200,000
      1,127 SF

      Updated Downtown Commercial Space

      Historical building with modern amenities in Brush, Colorado.
      117 Clayton St, Brush, CO 80723
      View Details
    • $1,300,000
      6,596 SF

      12-Unit Apartment Building in Brush, CO

      Well-maintained 12-unit apartment building in Brush, Colorado for sale.
      1408 Edison St, Brush, CO 80723
      View Details
    • $105,900
      Pending

      Downtown Storefront on Main Street

      Spacious storefront in high-traffic location with updated features.
      119 Clayton St, Brush, CO 80723
      View Details
    • $200,000

      Updated Commercial Space in Brush

      Updated commercial space in Brush, Colorado with modern amenities.
      117 Clayton St, Brush, CO 80723
      View Details
    • $105,900

      Downtown Storefront on Main Street

      Spacious storefront in high-traffic location, move-in ready with updates.
      119 Clayton St, Brush, CO 80723
      View Details
    • $350,000

      Restaurant and Bar For Sale

      Restaurant and bar opportunity near new developments in NECO.
      1204 N Colorado Ave, Brush, CO 80723
      View Details
    • $214,000
      3,684 SF

      3 private offices with beautiful hardwood floors

      a large kitchen\/serving area with plentiful counter space
      117 Clayton St, Brush, CO 80723
      View Details
    • $69,900
      6,800 SF

      Downtown Brush Office Building

      Spacious office, prime location, 6,800 sq ft.
      223 Clayton St, Brush, CO 80723
      View Details

    FAQs

    What type of property is this?
    Apartment building - Cash-flowing 8-plex near hospital in Brush, Colorado.
    Where is this apartment building located?
    The property is located at 217 Applewood Ct Brush, CO.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime location directly across from East Morgan County Hospital, ensuring consistent tenant demand and low vacancy.; - Turnkey multifamily investment providing strong, immediate cash flow.; - All 8 units feature 2 bedrooms, 1 bathroom, plus a full laundry room with hookups, a rare and desirable amenity.
    (303) 360-6400
    Request Owner's contact information
    217 Applewood Ct Brush, CO 80723
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    217 Applewood Ct
    Brush, CO 80723
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    217 Applewood Ct Brush, CO 80723
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kimberly Austin
    Kimberly Austin
    Real Estate License ID: 40030051
    (303) 360-6400 (303) 758-7611 (303) 558-2301
    Learn more
    Google sign-in failed. Please try again or use another login method.