Brick Duplex with Legal
New
For Sale
$380,000
1225 8th St, Greeley, CO 80631
Residential, Greeley, CO
Property Size2,576 SF
Lot Size0.13 Acres
Price / SF$147.52
Days on Market6
Property Features for 1225 8th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Rooms
Dining Room, Basement, Bedroom 3, Game Room, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 1, Laundry Room
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Natural Woodwork
Fencing
Fenced
Fireplace
1
Basement
Partially Finished
Appliances
Gas Range, Refrigerator, Washer, Dryer, Freezer, Fire Alarm
Subdivision
Greeley City
Lot features
Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley, Mineral Rights Excluded
View
City
Elementary school
Maplewood
Middle school
Franklin
High school
Northridge
Elementary school district
Greeley 6
Middle school district
Greeley 6
High school district
Greeley 6
Standard status
Active
APN
R3000686
Size
2,576 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1950
Utilities
Utilities
Natural Gas Available
Heating system
Wood, Wood Stove, Forced Air
Cooling system
Central Air, Whole House Fan, Ceiling Fan(s)
Water source
Public
Amenities
porch
patio
wood-stove insert
central A/C
whole-house fan
Building Details
Year built
1914
Floors in Building
1
Building materials
Brick
Roof type
Composition
Architectural style
Cottage
Listing Agency:
Realty One Group Fourpoints
(970) 573-5880
Listed By:
Frances Burns
(970) 396-1516
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 6 at 3:06PM
MLS# 1070007
Copyright © 2026 IRES MLS. 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 1914 brick cottage spans 2,576 square feet on a 0.13-acre lot and includes a legal apartment in the finished basement. The apartment has a full kitchen, an updated bath with heated floors, and two entry routes: a private exterior door and the basement stairwell. Additional basement space includes a flex room, laundry, storage, and a bathroom. The main residence features natural woodwork, built-in dining-room cabinetry, a window seat, a rear sleeping porch, and a front porch. A detached one-car garage is reached from the alley, and a brick patio extends the outdoor area.
Updates include plumbing, electrical, energy-efficient windows and interior doors, forced-air heating, central air conditioning, and a whole-house fan. The property is zoned RM and is registered with the City of Greeley Historic Commission.
Updates include plumbing, electrical, energy-efficient windows and interior doors, forced-air heating, central air conditioning, and a whole-house fan. The property is zoned RM and is registered with the City of Greeley Historic Commission.
Key Highlights
- Legal basement apartment with full kitchen, updated bath, and two means of entry
- 2,576‑square‑foot brick cottage built in 1914
- 0.13‑acre lot with a detached one‑car garage and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,647
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,940
$592.9K
Cap Rate 7%
$423,529
$423.5K
Cap Rate 9%
$329,411
$329.4K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$44.8K $17.40/SF
− Vacancy
−$2.5K −$0.96/SF
EGI
$42.4K $16.44/SF
− OpEx
−$12.7K −$4.93/SF
NOI
$29.6K $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%
$592,940
Cap Rate 7%
$423,529
Cap Rate 9%
$329,411
Alternative Uses
Best Use
Multifamily LT 5
$423.5K
$370.6K – $494.1K
NOI $29,647 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$388.9K
$340.3K – $453.8K
NOI $27,226 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office B
$469.5K
$410.8K – $547.7K
NOI $32,863 @ 7.0% cap · market cap 8.65%
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
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
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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 apartment adds a separate residential unit, with its own exterior entrance and access through the basement.
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: Legal basement apartment with full kitchen, updated bath, and two means of entry; 2,576‑square‑foot brick cottage built in 1914; 0.13‑acre lot with a detached one‑car garage and alley access
