Low-Maintenance Patio
For Sale
Under Contract
$364,000
3950 W 12th St, Greeley, CO 80634
CONDOS - Greeley, CO
Property Size2,370 SF
Lot Size0.14 Acres
Price / SF$153.59
Days on Market20
Property Features for 3950 W 12th St
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RES
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Rooms
Laundry Room, Bathroom 1, Game Room, Basement, Bedroom 1, Bathroom 2, Dining Room, Bedroom 2, Laundry Room
Patio and Porch features
Patio
Pets allowed
Dogs OK, Cats OK
Interior features
Eat-in Kitchen, Separate Dining Room, Open Floorplan, Bay or Bow Window, Walk-In Closet(s)
Basement
Partially Finished, Full
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer
Subdivision
Village At Bittersweet
Elementary school
Scott
Middle school
Heath
High school
Greeley Central
Elementary school district
Greeley 6
Middle school district
Greeley 6
High school district
Greeley 6
Standard status
Active Under Contract
APN
R2046486
Size
2,370 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1820
HOA Fee
$350 Monthly
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1985
Floors in Building
1
Building materials
Brick
Roof type
Composition
Listing Agency:
Realty One Group Fourpoints CO
(970) 573-5880
Listed By:
Matthew Powell
(970) 499-7977
Added: Jul 25
Changed: Aug 3
Last Checked: Aug 13 at 2:06AM
MLS# 1065085
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 brick patio home offers single-level living with everything you need on the main floor, plus additional finished space downstairs. The interior has been freshly updated with new interior paint, new flooring, and new light fixtures throughout. The kitchen features crisp white cabinetry, a tile backsplash, a glass-top range, and a new dishwasher, with two windows for natural light. A generous main living area can function as both a living room and dining room, with a bay window adding extra brightness. Wood-framed garden doors open from the living/dining area to a covered back patio that overlooks a private, wood-fenced yard with rose beds and mature trees.
The home includes a main-floor laundry (washer and dryer included) and two bedrooms. The primary suite has a private bath with a step-in shower, and the second full bath offers a tub with a tile surround. Downstairs, a large finished rec room includes recessed lighting, along with generous unfinished storage.
An attached two-car garage completes the property, and the HOA is noted as handling maintenance for a low-maintenance lifestyle. The home sits on a horseshoe street where through-traffic is almost nonexistent.
The home includes a main-floor laundry (washer and dryer included) and two bedrooms. The primary suite has a private bath with a step-in shower, and the second full bath offers a tub with a tile surround. Downstairs, a large finished rec room includes recessed lighting, along with generous unfinished storage.
An attached two-car garage completes the property, and the HOA is noted as handling maintenance for a low-maintenance lifestyle. The home sits on a horseshoe street where through-traffic is almost nonexistent.
Key Highlights
- Brick patio home with single‑level layout and main‑floor laundry (washer and dryer included)
- Updated interior features new interior paint, new flooring, and new light fixtures
- Kitchen includes electric range, dishwasher, and refrigerator, plus eat‑in space and bay windowed dining area
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
$25,049
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
6.88%
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%
$500,980
$501.0K
Cap Rate 7%
$357,843
$357.8K
Cap Rate 9%
$278,322
$278.3K
Market Conditions
NOI Build-Up for 2,370 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
$48.3K $20.40/SF
− Vacancy
−$2.8K −$1.18/SF
EGI
$45.5K $19.22/SF
− OpEx
−$20.5K −$8.65/SF
NOI
$25.0K $10.57/SF
Area
Greeley, 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%
$500,980
Cap Rate 7%
$357,843
Cap Rate 9%
$278,322
Alternative Uses
Best Use
Apartment 5plus
$357.8K
$313.1K – $417.5K
NOI $25,049 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$431.9K
$377.9K – $503.9K
NOI $30,235 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 80634, CO
65,980
Population
25,802
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
90%
High-School Grad
38.3 sq mi
ZIP Area
1,723
Density / Sq Mi
$83,255
Median Household Income
$46,808
Median Earnings
$1,567
Median Rent
$405,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Brick patio home with covered back patio, fenced yard, and attached two-car garage in a quiet residential setting.
Where is this single family property located?
The property is located at 3950 W 12th St Greeley, CO.
What is the asking price?
The asking price for this property is $364,000.
What are key features of this property?
This property features: Brick patio home with single‑level layout and main‑floor laundry (washer and dryer included); Updated interior features new interior paint, new flooring, and new light fixtures; Kitchen includes electric range, dishwasher, and refrigerator, plus eat‑in space and bay windowed dining area
