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    Old Town Fort Collins Investment Title is generated by Realmo AI

    416 Locust St, Fort Collins, CO 80524

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    For Sale
    $899,000

    MULTI_FAMILY - Fort Collins, CO

    Property size:
    2,348 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $382/SF
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 416 Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    NCM
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Dining Room, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 1
    Parking
    5
    Patio and Porch features
    Patio
    Interior features
    Eat-in Kitchen, Separate Dining Room
    Exterior features
    Sprinkler System
    Fencing
    Fenced
    Fireplace
    1
    Basement
    Partially Finished, Full
    Appliances
    Electric Range, Dishwasher, Refrigerator, Washer, Dryer
    Standard status
    Active
    APN
    R0056570
    Size
    2,348 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4583

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1938
    Floors in Building
    2
    Number of units
    2
    Building materials
    Frame, Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Collin Rue
    Collin Rue

    Listing agent Collin Rue

    Listing office C3 Real Estate Solutions, LLC 2720 Council Tree Ave, #178, Fort Collins, CO

    Listing date May 18, 2026

    MLS# 1059407 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.

    HighLights

    • Rented through August 1, 2027, providing immediate and guaranteed income.
    • Prime location in Old Town Ft‑Collins, highly desirable and convenient.
    • Fully occupied with separate leases in place, ensuring consistent cash flow.
    • Proven rental history with a waiting list, indicating strong demand.
    • Meticulously maintained and turn‑key, minimizing immediate maintenance costs.
    • Two units: a 4bed/2bath unit and a 2bed/1bath unit, offering diverse rental options.

    Overview

    Located in Old Town Fort Collins, this investment property features two units. The upper unit has 4 bedrooms and 2 bathrooms, while the lower unit offers 2 bedrooms and 1 bathroom. The property has a total size of 2348 square feet and sits on a 0.11-acre lot. Both units are currently rented with separate leases in place through August 1, 2027. The property is zoned NCM and is located in Larimer County. The property is described as a turn-key investment, meticulously maintained by the owners. The location is noted for its ease of renting, with a history of being rented with a waiting list.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.070949
    Latitude
    40.575667

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    FAQs

    What type of property is this?
    Duplex - Investment property in prime Old Town Fort Collins location.
    Where is this duplex located?
    The property is located at 416 Locust St Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Rented through August 1, 2027, providing immediate and guaranteed income.; Prime location in Old Town Ft‑Collins, highly desirable and convenient.; Fully occupied with separate leases in place, ensuring consistent cash flow.
    (719) 339-5106
    We can help!
    Listing Contact
    Collin Rue
    Collin Rue
    Learn More
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    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
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