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    Old Town Fort Collins Quadplex Title is generated by Realmo AI

    625 Peterson St, Fort Collins, CO 80524

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    Claim this Listing
    For Sale
    Under Contract
    $1,650,000

    MULTI_FAMILY - Fort Collins, CO

    Property size:
    4,357 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $378/SF
    Added:
    Apr 14, 2026
    Days on Market:
    54
    Last Refresh:
    Jun 6 at 7:06 pm

    Property Features for 625 Peterson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    NCM
    Bedrooms
    8
    Bathrooms
    11
    Rooms
    Bedroom 5, Bathroom 5, Bathroom 8, Bathroom 2, Bathroom 7, Bedroom 7, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 8, Bathroom 11, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 6, Basement, Bedroom 6, Bathroom 9, Bathroom 3, Bathroom 10
    Parking
    7
    Window features
    Window Coverings
    Patio and Porch features
    Patio
    Exterior features
    Sprinkler System
    Basement
    Crawl Space
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Electric Range, Dishwasher, Refrigerator, Microwave
    Standard status
    Active Under Contract
    APN
    R0053937
    Size
    4,357 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7175

    Utilities

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

    Building Details

    Year built
    2017
    Floors in Building
    2
    Number of units
    4
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Timothy Anderson

    Listing agent Timothy Anderson

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

    Listing date Apr 14, 2026

    MLS# 1056459 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

    • High‑end 4‑unit rental property in prime Old Town location, offering easy access to shops, restaurants, and parks.
    • Completely rebuilt in 2017 to modern standards, ensuring low future maintenance costs.
    • All units feature granite counters, LED lighting, high‑end cabinets, spacious living areas, and in‑unit washer/dryer.
    • Unit A features 3 bedrooms with ensuite bathrooms, while Units C and D have 2 bedrooms with ensuite bathrooms.
    • Dedicated concrete parking lot, covered bicycle parking, concrete dumpster enclosure, and landscaped for easy maintenance.
    • ADA access for Unit B, providing accessibility features throughout.

    Overview

    This is a rare opportunity to own a completely rebuilt historic home in Old Town Fort Collins, Colorado, legally converted to a 4-unit, high-end rental property. The original home, built in 1898, was gutted and brought up to modern standards in 2017, when units B, C, and D were added. The property features a dedicated concrete parking lot in the rear, covered bicycle parking, a concrete dumpster enclosure, ADA access for Unit B, and landscaping designed for easy maintenance and attractive aesthetics. Unit A, the largest, occupies the original structure and includes 3 large bedrooms, each with an ensuite bathroom, an extra half bath, large living spaces, and ample storage. Unit B is a single-level unit with ramp access and ADA features throughout. Units C and D are mirror images of each other, each with 2 large bedrooms with ensuite bathrooms, plus an extra half bath on the main level. All four units feature granite counters, LED lighting, high-end cabinets, spacious living areas, and thoughtful layouts. Modern insulation, windows, and appliances ensure maximum efficiency. Repainted in 2023, this 4,357 square foot property is immaculate and was built to the highest construction standards. All units include a washer and dryer. The 0.28-acre property is within walking or biking distance of shops, restaurants, and parks, including Target and Lucky's Market. It features 8 total bedrooms, 8 full bathrooms, and 3 half bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare 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
    -105.072565
    Latitude
    40.579068

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    FAQs

    What type of property is this?
    Quadplex - Completely rebuilt, high-end 4-unit rental property in prime location.
    Where is this quadplex located?
    The property is located at 625 Peterson St Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: High‑end 4‑unit rental property in prime Old Town location, offering easy access to shops, restaurants, and parks.; Completely rebuilt in 2017 to modern standards, ensuring low future maintenance costs.; All units feature granite counters, LED lighting, high‑end cabinets, spacious living areas, and in‑unit washer/dryer.
    (970) 430-7763
    We can help!
    Listing Contact
    Timothy Anderson
    Request Owner's contact information
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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.

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