House-Hackable Over/Under
1005 22nd Avenue Greeley, CO 80631
1005 22nd Avenue, Greeley, CO, 80631
$434,900
For Sale
$434,900
Over/under duplex with separate entrances, in-unit laundry, and multiple recent exterior and interior updates.
Property Size2,148 SF
Price / SF$202.47
Days on Market120
Property Features for 1005 22nd Avenue
General Information
- Standard status
- Active
- Size
- 2,148 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing agency
BBP Realty LLC
(970) 308-6662
Listed by
John Palke · License #100082133
(970) 308-6662
Source
Exitrealty
Added: Mar 24 Updated: Jul 21 at 2:50AM Checked: Jul 21 at 6:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BBP Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained over/under duplex is designed for separate living arrangements, with two units featuring private entrances and separate laundry for added convenience and privacy. The upper unit offers three spacious bedrooms, while the lower unit includes two bedrooms. Recent updates include newer interior and exterior paint, a new roof, updated landscaping, a sprinkler system, numerous windows, and updated appliances.
The property presents timeless mid-century character throughout, including large windows, arched doorways, hardwood floors, and French doors. It is directly facing Luther Park, and is located near the University of Northern Colorado, the Medical Center, and downtown Greeley.
Set on a generously sized lot, the duplex offers a straightforward residential income configuration with distinct unit access and updated core exterior improvements.
The property presents timeless mid-century character throughout, including large windows, arched doorways, hardwood floors, and French doors. It is directly facing Luther Park, and is located near the University of Northern Colorado, the Medical Center, and downtown Greeley.
Set on a generously sized lot, the duplex offers a straightforward residential income configuration with distinct unit access and updated core exterior improvements.
Key Highlights
- Over/under duplex (1955) directly facing Luther Park, with separate private entrances for each unit
- Upper unit has 3 bedrooms; lower unit has 2 bedrooms
- Separate laundry for each unit, supporting privacy and house‑hack potential
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $17.40 |
| − Vacancy | −$2.1k | −$0.96 |
| EGI | $35.3k | $16.44 |
| − OpEx | −$10.6k | −$4.93 |
| NOI | $24.7k | $11.51 |
2,148 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.2K
$309.0K – $412.0K
NOI $24,721 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$324.3K
$283.8K – $378.4K
NOI $22,703 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office B
$391.5K
$342.5K – $456.7K
NOI $27,403 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Over/under duplex with separate entrances, in-unit laundry, and multiple recent exterior and interior updates.
Where is this duplex located?
The property is located at 1005 22nd Avenue Greeley, CO.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: Over/under duplex (1955) directly facing Luther Park, with separate private entrances for each unit; Upper unit has 3 bedrooms; lower unit has 2 bedrooms; Separate laundry for each unit, supporting privacy and house‑hack potential
