Residential Income Property with Finished
For Sale
$340,000
1181 38th Ave, Greeley, CO 80634
The home combines main-level laundry, a private patio, a two-car garage, and multiple finished basement rooms.
Property Size2,340 SF
Price / SF$145.30
Days on Market88
Property Features for 1181 38th Ave
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,883
Amenities
main-floor laundry
private 3/4 bath in primary bedroom
brick fireplace
hard-surface countertops
eating bar
stainless-steel appliances
private patio
basement bedroom
office
rec room
workshop
Building Details
Building Size
2,340 SF
Year Built
1981
Listing Agency:
Aspencade Real Estate LLC
Listed By:
Annette Robison-Foust
(970) 506-0931
Source:
Northstar
Added: Aug 9
Changed: Oct 31
Last Checked: Nov 3 at 8:36AM
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 Aspencade Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1981, this residential income property includes a primary bedroom with a private three-quarter bath and main-floor laundry. The living room has a brick fireplace, while the kitchen features hard-surface counters, an eating bar, and stainless-steel appliances. A basement adds a bedroom with a double closet, an office with a second three-quarter bath, a recreation room, and a workshop. Storage is provided throughout the home, with a private patio and two-car garage also included.
Grocery stores, pharmacies, coffee shops, restaurants, medical offices, and Bittersweet Park are within walking distance. HOA coverage includes insurance for common areas, exterior upkeep, yard care, snow removal for driveways, water and sewer, and trash.
Grocery stores, pharmacies, coffee shops, restaurants, medical offices, and Bittersweet Park are within walking distance. HOA coverage includes insurance for common areas, exterior upkeep, yard care, snow removal for driveways, water and sewer, and trash.
Key Highlights
- Built in 1981
- Two‑car garage and private patio
- Basement includes a bedroom, office, recreation room, workshop, and three‑quarter bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,732
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,640
$494.6K
Cap Rate 7%
$353,314
$353.3K
Cap Rate 9%
$274,800
$274.8K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$47.7K $20.40/SF
− Vacancy
−$2.8K −$1.18/SF
EGI
$45.0K $19.22/SF
− OpEx
−$20.2K −$8.65/SF
NOI
$24.7K $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%
$494,640
Cap Rate 7%
$353,314
Cap Rate 9%
$274,800
Alternative Uses
Best Use
Apartment 5plus
$353.3K
$309.2K – $412.2K
NOI $24,732 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$426.5K
$373.2K – $497.6K
NOI $29,853 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The home combines main-level laundry, a private patio, a two-car garage, and multiple finished basement rooms.
Where is this residential income property located?
The property is located at 1181 38th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Built in 1981; Two‑car garage and private patio; Basement includes a bedroom, office, recreation room, workshop, and three‑quarter bath
