Four-Unit Duplex
For Sale
$415,000
1024 31st Ave, Greeley, CO 80634
Residential Income, Greeley, CO
Property Size1,576 SF
Lot Size0.13 Acres
Price / SF$263.32
Days on Market55
Property Features for 1024 31st Ave
General Information
Property type
Residential
Property subtype
Duplex
Zoning
RL
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking
1
Parking features
Open
Interior features
Eat-in Kitchen, Washer/Dryer Hookup, Outside Entry, 6-Panel Doors
Exterior features
Sprinkler System
Fencing
Fenced, Chain Link
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances, Disposal, Fire Alarm
Subdivision
Hunter Heights 3rd Add
Lot features
Deciduous Trees, Level, House Faces West, City Limits, Paved, Curbs, Gutters, Sidewalks, Mineral Rights Excluded
View
City
Elementary school
Scott
Middle school
Franklin
High school
Greeley Central
Elementary school district
Greeley 6
Middle school district
Greeley 6
High school district
Greeley 6
Standard status
Active
APN
R2181586
Size
1,576 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1730
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
Group Greeley
(970) 493-0700
Listed By:
Cathy Goza · License #40027771
(970) 613-0700
Added: Aug 13
Changed: Sep 26
Last Checked: Oct 6 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This multifamily offering combines two side-by-side duplex buildings with four matching residences. Each unit provides two bedrooms, one bathroom, an eat-in kitchen, and approximately 1,576 square feet across the listed property record. Interior updates include new flooring and 6-panel doors, while kitchens are equipped with an electric range, dishwasher, refrigerator, microwave, and disposal. Every residence also includes a washer and dryer, forced-air heating, central air, and ceiling fans.
The property is located at 1024 31st Ave in Greeley, Colorado, and is offered together with 1030-1032 31st Ave rather than as an individual purchase. The combined package includes 0.13 acres, RL zoning, public water, public sewer, a composition roof, frame and brick construction, fenced areas, and a sprinkler system. Tenants are responsible for electric, gas, and internet service.
The property is located at 1024 31st Ave in Greeley, Colorado, and is offered together with 1030-1032 31st Ave rather than as an individual purchase. The combined package includes 0.13 acres, RL zoning, public water, public sewer, a composition roof, frame and brick construction, fenced areas, and a sprinkler system. Tenants are responsible for electric, gas, and internet service.
Key Highlights
- Four total units arranged as two side‑by‑side duplex buildings
- Each unit has 2 bedrooms and 1 bathroom
- 1,576 square feet listed for the property record
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,138
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,760
$362.8K
Cap Rate 7%
$259,114
$259.1K
Cap Rate 9%
$201,533
$201.5K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$27.4K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$25.9K $16.44/SF
− OpEx
−$7.8K −$4.93/SF
NOI
$18.1K $11.51/SF
Area
Greeley, 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 Rate 5%
$362,760
Cap Rate 7%
$259,114
Cap Rate 9%
$201,533
Alternative Uses
Best Use
Multifamily LT 5
$259.1K
$226.7K – $302.3K
NOI $18,138 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$238.0K
$208.2K – $277.6K
NOI $16,657 @ 7.0% cap · market cap 4.01%
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.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Four matching two-bedroom residences with updated finishes, full appliance packages, and in-unit laundry.
Where is this duplex 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 total units arranged as two side‑by‑side duplex buildings; Each unit has 2 bedrooms and 1 bathroom; 1,576 square feet listed for the property record
