Longmont Triplex Townhomes Investment
For Sale
$1,000,000
1618-1622 Donovan Pl, Longmont, CO 80501
Triplex with washer/dryer hookups, individually metered, near downtown Longmont.
Property Size3,494 SF
Days on Market140
Property Features for 1618-1622 Donovan Pl
General Information
Standard status
Active
Size
3,494 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,325
Building Details
Building Size
3,494 SF
Year Built
1976
Listing Agency:
Kaufman Hagan Commercial Real Estate
Listed By:
Colby Constantine
(720) 822-0029
Source:
Elliman
Added: Apr 24
Changed: Aug 28
Last Checked: Sep 9 at 9:20AM
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 Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Old Town Longmont, 1618-1622 Donovan Place is a triplex of townhomes. Each townhome includes washer/dryer hook-ups and newer furnaces, and is individually metered for gas and electric. The units are easy to rent and cashflow. The property is located on a quiet cul-de-sac in Boulder County, a 5-minute drive to downtown Longmont/Main Street. Each unit has wall air conditioning and furnace heating. The water and sewer are master metered, while electric and gas are individually metered. The seller will replace the roof with closing. The middle unit has the ability to convert to a 4-bed, 2-bath unit. The property has GE Panels. The bike score is 30, making it somewhat bikeable. The walk score is 20, indicating car-dependent accessibility. The transit score is 21, showing minimal transit options.
Key Highlights
- Triplex of townhomes in Old Town Longmont.
- Individually metered for gas and electric.
- Washer/dryer hook‑ups in each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$804,240
$804.2K
Cap Rate 7%
$574,457
$574.5K
Cap Rate 9%
$446,800
$446.8K
Market Conditions
NOI Build-Up for 3,494 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.8K $17.40/SF
− Vacancy
−$3.3K −$0.96/SF
EGI
$57.4K $16.44/SF
− OpEx
−$17.2K −$4.93/SF
NOI
$40.2K $11.51/SF
Area
Weld County, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$804,240
Cap Rate 7%
$574,457
Cap Rate 9%
$446,800
Alternative Uses
Best Use
Multifamily LT 5
$574.5K
$502.7K – $670.2K
NOI $40,212 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$527.6K
$461.6K – $615.5K
NOI $36,929 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office B
$636.8K
$557.2K – $742.9K
NOI $44,575 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Triplex with washer/dryer hookups, individually metered, near downtown Longmont.
Where is this triplex located?
The property is located at 1618-1622 Donovan Pl Longmont, CO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Triplex of townhomes in Old Town Longmont.; Individually metered for gas and electric.; Washer/dryer hook‑ups in each unit.
