Duplex with Basement
New
For Sale
$380,000
1225 8th St, Greeley, CO 80631
A finished lower level combines a legal apartment with laundry, storage, and a flexible-use room.
Property Size1,874 SF
Days on Market2
Property Features for 1225 8th St
General Information
Standard status
Active
Size
1,874 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,950
Amenities
wide front porch
Jotul wood-stove insert
dining room built-ins
window seat
rear sleeping porch
brick-paved patio
finished basement
laundry
flex room
central A/C
whole-house fan
energy-efficient windows
Building Details
Building Size
1,874 SF
Year Built
1914
Construction
brick
Listing Agency:
Realty One Group Fourpoints
Listed By:
Frances Burns
(970) 396-1516
Source:
Elliman
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:23AM
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 Realty One Group Fourpoints
Investment Insights
Based on property information with market context.
This 1914 brick duplex pairs historic interior details with updated mechanical systems. The main residence includes two bedrooms, two baths, a formal living room, a dining room with built-ins, and a rear sleeping porch. A Jotul wood-stove insert, cast-iron pedestal tub, and walk-in closets add distinctive period features. The finished basement contains a legal apartment with a full kitchen, updated bath with heated floors, and two egress routes: an exterior entrance and access through the basement stairwell. Laundry, a flex room, and storage are also on this level.
Property improvements include updated plumbing and electrical, energy-efficient windows in most rooms, forced-air heat, central A/C, and a whole-house fan. The detached garage has been updated and is accessed from the alley; a brick-paved patio is also included. The property is registered with the City of Greeley Historic Commission.
Property improvements include updated plumbing and electrical, energy-efficient windows in most rooms, forced-air heat, central A/C, and a whole-house fan. The detached garage has been updated and is accessed from the alley; a brick-paved patio is also included. The property is registered with the City of Greeley Historic Commission.
Key Highlights
- 1914 all‑brick duplex registered with the City of Greeley Historic Commission
- Legal basement apartment with full kitchen, updated bath, and two means of egress
- Main residence includes two bedrooms, two baths, and a rear sleeping porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,568
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,360
$431.4K
Cap Rate 7%
$308,114
$308.1K
Cap Rate 9%
$239,644
$239.6K
Market Conditions
NOI Build-Up for 1,874 SF
Gross rent
$32.6K $17.40/SF
− Vacancy
−$1.8K −$0.96/SF
EGI
$30.8K $16.44/SF
− OpEx
−$9.2K −$4.93/SF
NOI
$21.6K $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%
$431,360
Cap Rate 7%
$308,114
Cap Rate 9%
$239,644
Alternative Uses
Best Use
Multifamily LT 5
$308.1K
$269.6K – $359.5K
NOI $21,568 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$283.0K
$247.6K – $330.1K
NOI $19,807 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office B
$341.5K
$298.9K – $398.5K
NOI $23,908 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
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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
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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 - A finished lower level combines a legal apartment with laundry, storage, and a flexible-use room.
Where is this duplex located?
The property is located at 1225 8th St Greeley, CO.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1914 all‑brick duplex registered with the City of Greeley Historic Commission; Legal basement apartment with full kitchen, updated bath, and two means of egress; Main residence includes two bedrooms, two baths, and a rear sleeping porch
