Updated Craftsman
For Sale
$370,000
1304 14th Avenue, Greeley, CO 80631
Two independent dwelling units offer separate kitchens, laundry rooms, and recently improved interiors.
Property Size1,616 SF
Days on Market48
Property Features for 1304 14th Avenue
General Information
Standard status
Active
Size
1,616 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,674
Amenities
detached garage
storage shed
in-unit laundry
rear alley access
Building Details
Building Size
1,616 SF
Year Built
1917
Construction
Craftsman
Listing Agency:
RE/MAX of Boulder, Inc
Listed By:
Brad Clarkson · License #326461
(970) 381-0505
Source:
Eliselosassore
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 5 at 11:40PM
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 RE/MAX of Boulder, Inc
Investment Insights
Based on property information with market context.
Built in 1917, this Craftsman-style duplex contains two separate dwelling units, each with its own kitchen and laundry room. Recent improvements include exterior paint, a Class 4 hail-resistant roof, new soffits and fascia, LVT flooring, updated bathroom plumbing fixtures, and LED lighting. Each unit also has a new stainless steel 18-cubic-foot refrigerator backed by a 2-year warranty.
The property includes a detached garage with an inspection and grease pit, a backyard storage shed with double doors, rear alley access, and a long driveway providing off-street parking. Its Greeley setting places the home within a short walk of Greeley Central High School and North Colorado Medical Center. The owner is also offering the neighboring house for sale.
The property includes a detached garage with an inspection and grease pit, a backyard storage shed with double doors, rear alley access, and a long driveway providing off-street parking. Its Greeley setting places the home within a short walk of Greeley Central High School and North Colorado Medical Center. The owner is also offering the neighboring house for sale.
Key Highlights
- Legal duplex with 2 separate dwelling units
- Each unit includes its own kitchen and laundry room
- New Class 4 hail‑resistant roof and exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,598
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,960
$372.0K
Cap Rate 7%
$265,686
$265.7K
Cap Rate 9%
$206,644
$206.6K
Market Conditions
NOI Build-Up for 1,616 SF
Gross rent
$28.1K $17.40/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$26.6K $16.44/SF
− OpEx
−$8.0K −$4.93/SF
NOI
$18.6K $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%
$371,960
Cap Rate 7%
$265,686
Cap Rate 9%
$206,644
Alternative Uses
Best Use
Multifamily LT 5
$265.7K
$232.5K – $310.0K
NOI $18,598 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,080 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office B
$294.5K
$257.7K – $343.6K
NOI $20,616 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
490
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent dwelling units offer separate kitchens, laundry rooms, and recently improved interiors.
Where is this duplex located?
The property is located at 1304 14th Avenue Greeley, CO.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Legal duplex with 2 separate dwelling units; Each unit includes its own kitchen and laundry room; New Class 4 hail‑resistant roof and exterior paint
