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Well-Maintained Six-Unit Apartment Building
For Sale
$879,000

2927 State Farm Rd, Evans, CO 80620

Six well-kept units with off-street parking and covered carport, offered turnkey with appliances included.

Days on Market27

Property Features for 2927 State Farm Rd

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 6

Building Details

Year Built 1971
Tenancy Multi
Listing Agency: Cornerstone Brokers, LLC
Listed By: Stacey Martindale
Source: Elliman
Added: Jul 5 Changed: Jul 10 Last Checked: Jul 31 at 8:31AM

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 Cornerstone Brokers, LLC

Investment Insights

Based on property information with market context.

This well-maintained six-unit apartment building features a desirable unit mix of five two-bedroom, one-bath units and one one-bedroom, one-bath unit. The property is set up for hassle-free operations with a sprinkler system supporting easier landscape maintenance, and all appliances are included with the sale. On-site parking is a strong amenity, highlighted by a spacious covered carport with capacity for approximately 5–6 vehicles, along with additional off-street parking.

The building is located at 2927 State Farm Rd in Evans, Colorado. With multiple residential units on one property and dedicated parking, it offers a practical setup for tenants who prefer convenient, on-site arrangements.

For buyers seeking a straightforward multifamily acquisition, this asset provides an immediately rentable configuration with six distinct units and a clear residential mix. The inclusion of appliances can simplify turnover and ongoing leasing logistics, while the available covered and off-street parking helps support tenant day-to-day needs. The overall condition and operational features make it well-suited for an investor looking to add a small apartment building to a portfolio or to purchase a first income-producing multifamily property.

Key Highlights

  • 6‑unit apartment building built in 1971
  • Unit mix: five 2BD/1BA units plus one 1BD/1BA unit
  • Covered carport of approx. 780 SF for about 5–6 vehicles, plus additional off‑street parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Skin Care Clinic Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

616
Businesses Nearby

Demographics for 80620, CO

20,975
Population
6,794
Households
3.1
Avg Household Size
30
Median Age
20%
College-Educated
81%
High-School Grad
5.9 sq mi
ZIP Area
3,555
Density / Sq Mi
$71,410
Median Household Income
$40,446
Median Earnings
$1,463
Median Rent
$315,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six well-kept units with off-street parking and covered carport, offered turnkey with appliances included.
Where is this apartment building located?
The property is located at 2927 State Farm Rd Evans, CO.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 6‑unit apartment building built in 1971; Unit mix: five 2BD/1BA units plus one 1BD/1BA unit; Covered carport of approx. 780 SF for about 5–6 vehicles, plus additional off‑street parking
More about this property
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