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    Triplex-Style Residential Income Property Title is generated by Realmo AI

    629 Stover St, Fort Collins, CO 80524

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    New
    For Sale
    $1,050,000

    MULTI_FAMILY - Fort Collins, CO

    Property size:
    2,772 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $378/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for 629 Stover St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    NCM
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 2, Basement, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
    Parking features
    Carport
    Basement
    Partial
    Appliances
    Electric Range, Refrigerator, Microwave, Disposal, Fire Alarm
    Standard status
    Active
    APN
    R0049441
    Size
    2,772 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4433

    Utilities

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

    Building Details

    Year built
    1936
    Floors in Building
    1
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Ryan Embry

    Listing agent Ryan Embry

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

    Listing date Jun 2, 2026

    MLS# 1060667 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

    • Value‑add investor/house‑hack opportunity near Old Town Fort Collins at 629 Stover St
    • Currently configured as 3 separate living spaces: 2 bed/2 bath ~1,200 SF plus two rear 1 bed/1 bath units (~700 SF and ~650 SF)
    • Two utility meters on‑site, with space available for a potential third meter
    • Heating: forced air; roof: composition; construction: frame
    • Parking: carport; sewer: public sewer; natural gas available
    • Seller estimates ~ $20,000 in improvements/city‑related costs to establish a conforming duplex, including a firewall separation (per seller contractor/city discussions)

    Overview

    This property at 629 Stover St is currently configured with three separate living spaces within one triplex-style layout, providing multiple ways to operate the home. The main residence is a 2-bedroom, 2-bath unit of approximately 1,200 square feet. There is also a rear 1-bedroom, 1-bath unit of approximately 700 square feet, plus an additional rear 1-bedroom, 1-bath unit of approximately 650 square feet. The property is served by two utility meters, and there is space available for a potential third meter. The seller has begun exploring the process of converting the property into a conforming multifamily configuration and notes that establishing a conforming duplex may require approximately $20,000 in improvements and city-related costs, including installation of a firewall separation between the main residence and rear living spaces.

    The property is zoned NCM. Buyers should plan to verify zoning details, permitted uses, and any approval requirements with the City of Fort Collins, including whether a multifamily conversion or other configuration changes are feasible. If a buyer is considering short-term rental strategies, local licensing and regulatory compliance must be confirmed.

    For an owner-occupant, the front residence can be paired with use of the rear spaces to support supplemental income. For investors, the current three-space setup offers options that may also be advanced through the seller-started conversion process, subject to city approval and buyer verification of future development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Daycare Center Building Supply 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
    -105.067076
    Latitude
    40.578882

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    FAQs

    What type of property is this?
    Triplex - Three separate living spaces with two utility meters, positioned for owner-occupant or investor flexibility pending city approvals.
    Where is this triplex located?
    The property is located at 629 Stover St Fort Collins, CO.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Value‑add investor/house‑hack opportunity near Old Town Fort Collins at 629 Stover St; Currently configured as 3 separate living spaces: 2 bed/2 bath ~1,200 SF plus two rear 1 bed/1 bath units (~700 SF and ~650 SF); Two utility meters on‑site, with space available for a potential third meter
    (970) 286-4640
    We can help!
    Listing Contact
    Ryan Embry
    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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