Duplex with Finished-Ready
For Sale
Under Contract
$440,000
2614 Forsythia Dr, Loveland, CO 80537
Residential, Loveland, CO
Property Size2,644 SF
Lot Size0.11 Acres
Price / SF$166.41
Days on Market38
Property Features for 2614 Forsythia Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R2
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Laundry Room, Basement, Bathroom 1, Bedroom 1, Bedroom 2
Interior features
Eat-in Kitchen, Walk-In Closet(s)
Basement
Unfinished
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave
Subdivision
Cedar View
Elementary school
Milner (Sarah)
Middle school
Clark (Walt)
High school
Thompson Valley
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active Under Contract
APN
R1609377
Size
2,644 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2360
HOA Fee
$255 Monthly
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2001
Floors in Building
1
Flooring type
Wood
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Group Centerra
(970) 613-0700
Listed By:
Meagan Griesel · License #100051782
(970) 691-0056
Added: Jul 31
Changed: Sep 1
Last Checked: Sep 6 at 2:06AM
MLS# 1065480
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 2,644-square-foot duplex property on a 0.11-acre lot includes an open interior layout, vaulted ceilings, a spacious kitchen, gas fireplace, primary suite, and walk-in closet. Interior improvements include new windows, a heat pump, hardwood flooring in the living room, bedroom carpeting, blackout blinds in the primary suite, and a composition roof installed in 2025. The unfinished basement has egress windows and a second washer and dryer, creating additional space for future completion. An attached two-car garage and private backyard add functional convenience.
The property at 2614 Forsythia Dr is in Loveland, Colorado, within Larimer County and ZIP Code 80537. It is zoned R2 and served by public sewer, with natural gas available. Additional features include forced-air heating, central air conditioning, an eat-in kitchen, and a laundry room.
The property at 2614 Forsythia Dr is in Loveland, Colorado, within Larimer County and ZIP Code 80537. It is zoned R2 and served by public sewer, with natural gas available. Additional features include forced-air heating, central air conditioning, an eat-in kitchen, and a laundry room.
Key Highlights
- 2,644 square feet on a 0.11‑acre lot
- R2 zoning with public sewer and natural gas available
- Unfinished basement includes egress windows and a second washer and dryer
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
$27,214
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
6.19%
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%
$544,280
$544.3K
Cap Rate 7%
$388,771
$388.8K
Cap Rate 9%
$302,378
$302.4K
Market Conditions
NOI Build-Up for 2,644 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
$40.6K $15.36/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$38.9K $14.70/SF
− OpEx
−$11.7K −$4.41/SF
NOI
$27.2K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /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%
$544,280
Cap Rate 7%
$388,771
Cap Rate 9%
$302,378
Alternative Uses
Best Use
Multifamily LT 5
$388.8K
$340.2K – $453.6K
NOI $27,214 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$359.5K
$314.6K – $419.4K
NOI $25,164 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$709.7K
$621.0K – $828.0K
NOI $49,678 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
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 - Well-maintained residential property with updated interiors, private outdoor space, and an attached two-car garage.
Where is this duplex located?
The property is located at 2614 Forsythia Dr Loveland, CO.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,644 square feet on a 0.11‑acre lot; R2 zoning with public sewer and natural gas available; Unfinished basement includes egress windows and a second washer and dryer
