Single-Family Income
1309 Springfield Dr Fort Collins, CO 80521
1309 Springfield Dr, Fort Collins, CO, 80521
$494,000
For Sale
Under Contract
$494,000
MULTI_FAMILY - Fort Collins, CO
Property Size1,216 SF
Lot Size0.19 Acres
Price / SF$406.25
Days on Market48
Property Features for 1309 Springfield Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- RL
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Basement
- Parking
- 1
- Window features
- Window Coverings
- Basement
- Crawl Space
- Appliances
- Gas Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active Under Contract
- APN
- R0085987
- Size
- 1,216 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3114
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Frame
- Roof type
- Composition
Listing Agency
RE/MAX Alliance-Loveland
(970) 669-1234
750 W Eisenhower Blvd Ste 100, CO
Listed by
Kim Tomlinson
(970) 397-2077
Added: Jun 4 Updated: Jul 7 at 10:34 am Checked: Jul 21 at 5:06 am
MLS# 1060855
Listing URL
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 for-sale single-family income home is configured as a 3-bedroom, 1.5-bath residence with outdoor yard space. The property totals 1,216 square feet on a 0.19-acre lot. It is currently tenant occupied, and showings require advance notice with occupants not to be disturbed.
Located at 1309 Springfield Dr in Fort Collins, Colorado, the home is described as being just minutes from Colorado State University. The listing places the property within a Fort Collins rental corridor and notes its proximity to CSU as a key part of the location.
For buyers looking for an owner-occupied alternative or an income-producing residential property, the current tenant occupancy can be a practical consideration during acquisition planning. The RL zoning supports single-family residential use as stated, and the existing layout provides the common 3-bedroom configuration with 1.5 bathrooms. Prospective purchasers should coordinate directly for an appointment to view the home while keeping tenant privacy and notice requirements in mind.
Located at 1309 Springfield Dr in Fort Collins, Colorado, the home is described as being just minutes from Colorado State University. The listing places the property within a Fort Collins rental corridor and notes its proximity to CSU as a key part of the location.
For buyers looking for an owner-occupied alternative or an income-producing residential property, the current tenant occupancy can be a practical consideration during acquisition planning. The RL zoning supports single-family residential use as stated, and the existing layout provides the common 3-bedroom configuration with 1.5 bathrooms. Prospective purchasers should coordinate directly for an appointment to view the home while keeping tenant privacy and notice requirements in mind.
Key Highlights
- Tenant‑occupied single‑family home currently generating income, with showings requiring advance notice (do not disturb occupants).
- 3‑bedroom, 1.5‑bath layout with a basement.
- Central air and forced‑air heating for year‑round comfort.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $23.76 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $27.4k | $22.57 |
| − OpEx | −$12.4k | −$10.16 |
| NOI | $15.1k | $12.41 |
1,216 SF · lease $23.76/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$215.7K
$188.7K – $251.6K
NOI $15,096 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.6K
$277.1K – $369.4K
NOI $22,165 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Tenant-occupied 3-bedroom home with a yard, minutes from Colorado State University, offered for sale in Fort Collins.
Where is this single family property located?
The property is located at 1309 Springfield Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $494,000.
What are key features of this property?
This property features: Tenant‑occupied single‑family home currently generating income, with showings requiring advance notice (do not disturb occupants).; 3‑bedroom, 1.5‑bath layout with a basement.; Central air and forced‑air heating for year‑round comfort.
