Fourplex Residential Income
108 Peter Drive Fruita, CO 81521
New
For Sale
$685,000
MULTI_FAMILY - Fruita, CO
Property Size4,480 SF
Lot Size0.23 Acres
Price / SF$152.90
Days on Market2
Property Features for 108 Peter Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
- Standard status
- Active
- Size
- 4,480 SF
- Lot size
- 0.23 Acres
Building Details
- Year built
- 1982
Listing Agency:
Real Colorado Properties
(970) 256-9700
Listed By:
Valerie Siler
(970) 618-0636
Added: Jul 23
Last Checked: Jul 24 at 12:06AM
MLS# 837430
Copyright © 2026 Colorado Real Estate Network Inc. 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 fourplex includes four two-story units, each with 2 bedrooms and 1 bathroom. Each unit also features a private laundry room and a small fenced backyard. Built in 1982, the property has one remodeled unit and three additional units that may offer opportunities for future improvements.
The property is located near downtown Fruita and within reach of schools, shopping, parks, and I-70.
The current setup provides four separate residential units under one ownership, with long-term tenants in place.
The property is located near downtown Fruita and within reach of schools, shopping, parks, and I-70.
The current setup provides four separate residential units under one ownership, with long-term tenants in place.
Key Highlights
- Fourplex built in 1982 with four two‑story units
- 8 bedrooms and 4 bathrooms total (2BD/1BA per unit)
- Each unit includes a private laundry room and a small fenced backyard
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 | $68.8k | $15.36 |
| − Vacancy | −$5.2k | −$1.15 |
| EGI | $63.7k | $14.21 |
| − OpEx | −$19.1k | −$4.26 |
| NOI | $44.6k | $9.95 |
4,480 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$636.5K
$557.0K – $742.6K
NOI $44,556 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$584.5K
$511.4K – $681.9K
NOI $40,915 @ 7.0% cap · market cap 5.97%
Theoretical Best
Healthcare Medical
$8.50M
$7.44M – $9.92M
NOI $595,123 @ 7.0% cap · market cap 86.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four two-story units offer 2 bedrooms each, private laundry, and fenced backyards, with one unit remodeled.
Where is this quadplex located?
The property is located at 108 Peter Drive Fruita, CO.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Fourplex built in 1982 with four two‑story units; 8 bedrooms and 4 bathrooms total (2BD/1BA per unit); Each unit includes a private laundry room and a small fenced backyard
