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    The Largest CRE Database in the US with Over 1 Million Listings

    604 Colorado St Fort Collins, CO 80524

    Sponsored
    For Sale
    Under Contract
    $669,000

    MULTI_FAMILY - Contemporary - Fort Collins, CO

    Property size:
    2,028 SF
    Lot size:
    0.11 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 26 at 1:06 am

    Property Features for 604 Colorado St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Window features
    Window Coverings
    Zoning
    NCM
    Rooms
    Bedroom 1, Bedroom 4, Dining Room, Family Room, Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    4
    APN
    R0049964
    Interior features
    Washer/Dryer Hookup
    Fencing
    Fenced
    Basement
    Full, Partially Finished
    Appliances
    Electric Range, Refrigerator, Washer, Dryer
    Size
    2,028 SF
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Baseboard

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Amber Cano

    Dynamic Real Estate Services (970) 226-4433

    Listing agent Amber Cano (970) 391-7314

    Listing date Jan 16, 2026

    MLS# 1044891

    Copyright © 2026 Information and Real Estate Services, LLC. 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

    Remodeled Duplex Near Downtown

    This remodeled 4-bedroom ranch-style property is located minutes from downtown Fort Collins. Designated as a legal over-under duplex, it features 2 bedrooms on the upper level and 2 bedrooms on the lower level, offering flexibility as a primary residence with rental income, a short-term rental, or a long-term investment. The property has a proven rental history with zero vacancy. Interior features include new flooring, fresh paint, and two kitchens with granite countertops. The family room includes a wood-burning fireplace. The fully finished basement offers a second kitchen, private entrances, and space for guests or extended family. Both kitchens are equipped with new electric ranges/ovens and refrigerators, and the upstairs kitchen includes a washer and dryer. Additional features include a one-car garage with a dedicated work area and landscaped grounds with flowers. The property is located near Eastside Park. Major updates include a new roof in 2022 and a replaced sewer main in 2014. The property is move-in ready and thoughtfully updated. The lot size is 0.11 acres and the property size is 2028 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Collins
    County
    Larimer
    State
    Colorado
    Longitude
    -105.063528
    Latitude
    40.579169

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    FAQs

    What type of property is this?
    Duplex - Remodeled 4-bedroom duplex near downtown Fort Collins with rental income.
    Where is this duplex located?
    The property is located at 604 Colorado St Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $669,000.
    What are key features of this property?
    This property features: - $10,000 Seller Concession: Buyer can use this credit to buy down the interest rate or pay for some of Buyer closing costs.; - Legal Over-Under Duplex: Offers flexibility as a primary residence with rental income, short-term rental, or long-term investment.; - Proven Rental History: Property has a history of successful rentals with zero vacancy.
    (970) 226-4433
    Request Owner's contact information
    604 Colorado St Fort Collins, CO 80524
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    Fort Collins, CO 80524
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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
    604 Colorado St Fort Collins, CO 80524
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    We can help!
    Listing Contact
    Amber Cano
    (970) 226-4433
    Learn more
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