Triplex with Separate
For Sale
$425,000
1115 12th Street, Greeley, CO 80631
Three leased residences feature independent exterior entrances, with additional garage space rented separately.
Property Size2,494 SF
Price / SF$170.41
Days on Market33
Property Features for 1115 12th Street
General Information
Standard status
Active
Size
2,494 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R2
Occupancy
100%
Units
Unit Mix
1 x 1BR/0.75BA, 1 x 2BR/0.75BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,583
Amenities
enclosed backyard
Building Details
Building Size
2,494 SF
Year Built
1930
Stories
2
Tenancy
Multi
Listed By:
Ryan Parker · License #IA40012832
(303) 669-6582
Source:
Goodneighborliving
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 24 at 2:45PM
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 Ryan Parker
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.
This 2,494-square-foot triplex contains three separately accessed residences, all currently leased. The main-floor units include a one-bedroom layout and a three-bedroom layout; the upper-level residence has two bedrooms. Interior features include eat-in kitchen space, a pantry, and a mix of gas wall units, forced-air heat, and baseboard heating. The roof was replaced in 2021, and the three-bedroom unit received fresh interior paint in summer 2023.
Four-car garages are rented separately and have alley access. The property also includes an enclosed backyard for tenants and is near the UNC campus and downtown Greeley. Zoned R2, the building was constructed in 1930.
Four-car garages are rented separately and have alley access. The property also includes an enclosed backyard for tenants and is near the UNC campus and downtown Greeley. Zoned R2, the building was constructed in 1930.
Key Highlights
- Three residences, all currently leased
- 2,494 square feet; built in 1930
- Four‑car garages rented separately, with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,703
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,060
$574.1K
Cap Rate 7%
$410,043
$410.0K
Cap Rate 9%
$318,922
$318.9K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$43.4K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$41.0K $16.44/SF
− OpEx
−$12.3K −$4.93/SF
NOI
$28.7K $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%
$574,060
Cap Rate 7%
$410,043
Cap Rate 9%
$318,922
Alternative Uses
Best Use
Multifamily LT 5
$410.0K
$358.8K – $478.4K
NOI $28,703 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$376.6K
$329.5K – $439.3K
NOI $26,360 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office B
$454.5K
$397.7K – $530.3K
NOI $31,817 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
Explore this area
Business Placement
Demographics for 80631, CO
52,336
Population
18,871
Households
2.8
Avg Household Size
29
Median Age
18%
College-Educated
73%
High-School Grad
103.6 sq mi
ZIP Area
505
Density / Sq Mi
$52,470
Median Household Income
$33,062
Median Earnings
$1,209
Median Rent
$300,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences feature independent exterior entrances, with additional garage space rented separately.
Where is this triplex located?
The property is located at 1115 12th Street Greeley, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three residences, all currently leased; 2,494 square feet; built in 1930; Four‑car garages rented separately, with alley access
