Quadplex with Private
For Sale
$875,000
1014 17th Avenue, Longmont, CO 80501
Fully occupied four-unit property with outdoor access, individual laundry, and on-site parking near Longmont’s Main Street.
Property Size4,050 SF
Price / SF$216.05
Days on Market78
Property Features for 1014 17th Avenue
General Information
Standard status
Active
Size
4,050 SF
Total Parking Spaces
6
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,627
Amenities
private washer and dryer
private back door with porch or deck access
large backyard
pet-friendly
Building Details
Year Built
1969
Listing Agency:
Real Broker, LLC DBA Real
(303) 881-0062
Listed By:
Rachael Zahrbock · License #100088258
(303) 881-0062
Source:
Exitrealty
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 30 at 4:17PM
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 Real Broker, LLC DBA Real
Investment Insights
Based on property information with market context.
This 4,050-square-foot quadplex, built in 1969, contains four occupied units and is professionally managed by Zeal Property Management. Unit features include large corner windows, private washers and dryers, and rear doors opening to individual porch or deck areas. The property also offers a large backyard and an asphalt parking lot with six dedicated spaces.
Located 1/3 mile from Main Street in Longmont, the property is close to shopping, restaurants, and other amenities. Its combination of private laundry, outdoor access, off-street parking, and current occupancy provides a defined physical profile for multifamily ownership.
Located 1/3 mile from Main Street in Longmont, the property is close to shopping, restaurants, and other amenities. Its combination of private laundry, outdoor access, off-street parking, and current occupancy provides a defined physical profile for multifamily ownership.
Key Highlights
- 4,050‑square‑foot quadplex built in 1969
- Four fully occupied units
- Private washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,220
$932.2K
Cap Rate 7%
$665,871
$665.9K
Cap Rate 9%
$517,900
$517.9K
Market Conditions
NOI Build-Up for 4,050 SF
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.
Gross rent
$70.5K $17.40/SF
− Vacancy
−$3.9K −$0.96/SF
EGI
$66.6K $16.44/SF
− OpEx
−$20.0K −$4.93/SF
NOI
$46.6K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,220
Cap Rate 7%
$665,871
Cap Rate 9%
$517,900
Alternative Uses
Best Use
Multifamily LT 5
$665.9K
$582.6K – $776.9K
NOI $46,611 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$611.5K
$535.1K – $713.4K
NOI $42,805 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office B
$738.1K
$645.9K – $861.1K
NOI $51,668 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with outdoor access, individual laundry, and on-site parking near Longmont’s Main Street.
Where is this quadplex located?
The property is located at 1014 17th Avenue Longmont, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4,050‑square‑foot quadplex built in 1969; Four fully occupied units; Private washer and dryer in each unit
