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Four-Unit Multifamily Property
For Sale
$765,000

3681 Butternut Dr, Loveland, CO 80538

Four-unit multifamily property with all two-bedroom residences.

Property SizeContact for details
Days on Market17

Property Features for 3681 Butternut Dr

General Information

Standard status Active
Property subtype Investment

Additional Details

Highway Access Yes
Multifamily Units 4

Building Details

Year Built 1979
Tenancy Multi
Listing Agency: Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Listed By: Charles Burkhart · License #100103787
Source: Elliman
Added: Jul 20 Changed: Jul 21 Last Checked: Aug 5 at 8:06AM

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 Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Investment Insights

Based on property information with market context.

3681 Butternut Drive is a four-unit multifamily property featuring a unit mix comprised entirely of two-bedroom residences. The floorplans are designed to provide more living space, with spacious two-bedroom layouts throughout the property.

The location is described as minutes from Downtown Loveland, with convenient access to retail and dining options including The Promenade Shops at Centerra and The Marketplace at Centerra. Major employers are also nearby, including UCHealth Medical Center of the Rockies, McKee Medical Center, Hach, Woodward, and Banner Health. The property also benefits from easy access to Highway 34 and Interstate 25.

Outdoor recreation is supported by proximity to Benson Sculpture Garden, Mehaffey Park, Boyd Lake State Park, Devil’s Backbone Open Space, and the Loveland Recreation Trail system. Based on the information provided, the asset is offered for sale at a listed price of $765,000.

Key Highlights

  • Four‑unit multifamily property built in 1979
  • All units are 2‑bedroom residences
  • Located in Loveland, CO just minutes from Downtown Loveland

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Food Market Computer & Electronic Repair Furniture & Home Goods Home Appliance Store

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

4
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,015
Businesses Nearby

Demographics for 80538, CO

49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
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?
Quadplex - Four-unit multifamily property with all two-bedroom residences.
Where is this quadplex located?
The property is located at 3681 Butternut Dr Loveland, CO.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1979; All units are 2‑bedroom residences; Located in Loveland, CO just minutes from Downtown Loveland
More about this property
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