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    3032 Denver St Evans, CO 80620

    For Sale
    $1,020,000

    Six-unit multifamily property in Evans, Colorado with value-add potential.

    Property size:
    4,836 SF

    Property Features for 3032 Denver St

    General Information

    Size
    4,836 SF

    Building Details

    Year built
    1978

    Source: Andy Monette Agent Andy Monette

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Evans Multifamily Investment Opportunity

    This six-unit multifamily property is located in Evans, Colorado, also known as the Queen City of the Platte. Situated on a lot exceeding 13,000 square feet, the property offers convenient access to U.S. Route 85 and U.S. Route 34, and is located approximately 1.5 miles south of the University of Northern Colorado. The property contains one 1-bedroom, 1-bathroom unit and five 2-bedroom, 1-bathroom units. Coin-operated laundry machines are included. A newer roof has been installed. The property presents an opportunity to increase rental income and add value through renovations and the implementation of a Ratio Utility Billing System (RUBS). The widening of Interstate 25 and U.S. Route 34 suggests potential for strong population growth in northern Colorado.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Weld
    State
    Colorado
    Longitude
    -104.6931255
    Latitude
    40.385533

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in Evans, Colorado with value-add potential.
    Where is this apartment building located?
    The property is located at 3032 Denver St Evans, CO.
    What is the asking price?
    The asking price for this property is $1,020,000.
    What are key features of this property?
    This property features: - Value-add opportunity with immediate upside in rental income through renovations and implementing RUBS (Ratio Utility Billing System).; - Desirable unit mix featuring one 1 Br/1 Ba unit and five 2 Br/1 Ba units.; - Located 1.5 miles south of the University of Northern Colorado, attracting potential student renters.
    (714) 330-1436
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    3032 Denver St Evans, CO 80620
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    Evans, CO 80620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3032 Denver St Evans, CO 80620
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