Four-Unit Multifamily
1024 31st Ave, Greeley, CO 80634
For Sale
$415,000
Residential Income, Greeley, CO
Property Size1,576 SF
Lot Size0.13 Acres
Price / SF$263.32
Days on Market92
Property Features for 1024 31st Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
View
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
refrigerator
dishwasher
electric range/oven
microwave
in-unit washer and dryer
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Group Greeley
(970) 493-0700
Listed By:
Cathy Goza · License CO #40027771
(970) 613-0700
Added: Aug 13
Changed: Nov 3
Last Checked: Nov 12 at 7:06PM
MLS# 1066449
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering combines two neighboring duplexes as one four-unit package; neither property is available separately. Each residence has two bedrooms, one bathroom and a private attached one-car garage. The units share the same layout and finishes, including new flooring and 6-panel doors. Kitchens include a refrigerator, dishwasher, electric range/oven and microwave, and every unit has its own washer and dryer.
Residents pay their own electric, gas and internet service. The properties are zoned RL and were built in 1960. Additional features include forced-air heat, central air conditioning, ceiling fans, a sprinkler system and fenced outdoor areas.
Residents pay their own electric, gas and internet service. The properties are zoned RL and were built in 1960. Additional features include forced-air heat, central air conditioning, ceiling fans, a sprinkler system and fenced outdoor areas.
Key Highlights
- Four residential units offered together as two duplexes; individual sale is not available
- Each unit has 2 bedrooms, 1 bathroom and a private attached one‑car garage
- In‑unit washer and dryer in every residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,657
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,140
$333.1K
Cap Rate 7%
$237,957
$238.0K
Cap Rate 9%
$185,078
$185.1K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$32.2K $20.40/SF
− Vacancy
−$1.9K −$1.18/SF
EGI
$30.3K $19.22/SF
− OpEx
−$13.6K −$8.65/SF
NOI
$16.7K $10.57/SF
Area
Greeley, CO
Vacancy
5.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,140
Cap Rate 7%
$237,957
Cap Rate 9%
$185,078
Alternative Uses
Best Use
Apartment 5plus
$238.0K
$208.2K – $277.6K
NOI $16,657 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 80634, CO
65,980
Population
25,802
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
90%
High-School Grad
38.3 sq mi
ZIP Area
1,723
Density / Sq Mi
$83,255
Median Household Income
$46,808
Median Earnings
$1,567
Median Rent
$405,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Greeley, CO
Properties on Market for Multifamily properties in Greeley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplexes are offered together, with identical two-bedroom layouts and attached one-car garages.
Where is this multifamily property located?
The property is located at 1024 31st Ave Greeley, CO.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four residential units offered together as two duplexes; individual sale is not available; Each unit has 2 bedrooms, 1 bathroom and a private attached one‑car garage; In‑unit washer and dryer in every residence
