Duplex with Separate Basement
For Sale
$325,000
1326 14th Ave, Greeley, CO 80631
MULTI_FAMILY - Cottage - Greeley, CO
Property Size1,696 SF
Lot Size0.17 Acres
Price / SF$191.63
Days on Market54
Property Features for 1326 14th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RH
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
Patio and Porch features
Patio
Interior features
Bay or Bow Window, Washer/Dryer Hookup
Fencing
Chain Link, Fenced
Fireplace
1
Basement
Partially Finished, Full
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer
Subdivision
Cranfords 2nd Add
Lot features
House Faces West, Paved
Elementary school
Maplewood
Middle school
Heath
High school
Greeley Central
Elementary school district
Greeley 6
Middle school district
Greeley 6
High school district
Greeley 6
Standard status
Active
APN
R3060386
Size
1,696 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1830
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Amenities
shared laundry
firepit area
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Composition
Architectural style
Cottage
Listing Agency:
Realty One Group Fourpoints
(970) 573-5880
Listed By:
Colleen Carithers · License #40011780
(970) 405-8663
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 21 at 1:06AM
MLS# 1063009
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 duplex cottage-style home was built in 1925 and sits on a 0.17-acre lot. The residence features a separate basement unit and shared laundry access at the entrance to that basement unit. The basement unit is supported by shared laundry with newer washer/dryer, and appliances are included.
The main and basement levels have been updated with refinished hardwood floors, upgraded lights, and updated electrical, along with a modernized kitchen that includes a dishwasher and new countertops. The property also includes heating by forced air and cooling via ceiling fan(s).
Additional improvements and outdoor features include a newer roof and windows, a patio, and a sturdy, dry 1-car garage. The home has a fireplace and is fenced with chain link fencing. Utilities include cable availability, and the property is served by public sewer.
The main and basement levels have been updated with refinished hardwood floors, upgraded lights, and updated electrical, along with a modernized kitchen that includes a dishwasher and new countertops. The property also includes heating by forced air and cooling via ceiling fan(s).
Additional improvements and outdoor features include a newer roof and windows, a patio, and a sturdy, dry 1-car garage. The home has a fireplace and is fenced with chain link fencing. Utilities include cable availability, and the property is served by public sewer.
Key Highlights
- 0.17‑acre lot with cottage‑style duplex built in 1925
- Separate basement unit with shared laundry at the basement entrance
- Updated interior: refinished hardwood floors, upgraded lights, and updated electrical
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
$19,519
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
6.01%
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%
$390,380
$390.4K
Cap Rate 7%
$278,843
$278.8K
Cap Rate 9%
$216,878
$216.9K
Market Conditions
NOI Build-Up for 1,696 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
$29.5K $17.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$27.9K $16.44/SF
− OpEx
−$8.4K −$4.93/SF
NOI
$19.5K $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 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%
$390,380
Cap Rate 7%
$278,843
Cap Rate 9%
$216,878
Alternative Uses
Best Use
Multifamily LT 5
$278.8K
$244.0K – $325.3K
NOI $19,519 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$256.1K
$224.1K – $298.8K
NOI $17,925 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office B
$309.1K
$270.5K – $360.6K
NOI $21,637 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,208
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 - Well-maintained duplex with a separate basement unit, newer roof and windows, and updated interior finishes throughout.
Where is this duplex located?
The property is located at 1326 14th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 0.17‑acre lot with cottage‑style duplex built in 1925; Separate basement unit with shared laundry at the basement entrance; Updated interior: refinished hardwood floors, upgraded lights, and updated electrical
