Two-Unit Multifamily
For Sale
$532,500
1437 Centennial Drive, Longmont, CO 80501
Each residence combines two bedrooms, one full bath, an eat-in kitchen, laundry, fireplace, driveway, and attached garage.
Property Size1,920 SF
Days on Market179
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Property Features for 1437 Centennial Drive
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family
Amenities
fireplace
in-unit laundry
private driveway
attached garage
Building Details
Building Size
1,920 SF
Listing Agency:
RE/MAX Elevate
Listed By:
Keith Kanemoto · License #FA40009659
(303) 472-2222
Source:
Remaxcommercial
Added: Apr 20
Changed: Oct 11
Last Checked: Oct 14 at 7:37PM
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 Elevate
Investment Insights
Based on property information with market context.
This two-unit multifamily property at 1437–1439 Centennial Drive includes residences with two bedrooms and one full bathroom each. Interior features include fireplaces, eat-in kitchens, and in-unit laundry, creating practical living arrangements within each unit. Private driveways and attached garages provide dedicated parking and storage for the occupants.
The property is located in Longmont, Colorado, at 1437 Centennial Drive. Its paired-unit configuration supports residential income use while also accommodating an owner-user arrangement, both of which are directly reflected in the existing layout.
The property is located in Longmont, Colorado, at 1437 Centennial Drive. Its paired-unit configuration supports residential income use while also accommodating an owner-user arrangement, both of which are directly reflected in the existing layout.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bath
- Fireplace included in each unit
- Eat‑in kitchens provide dedicated dining space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,424
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,480
$668.5K
Cap Rate 7%
$477,486
$477.5K
Cap Rate 9%
$371,378
$371.4K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$64.5K $33.60/SF
− Vacancy
−$3.7K −$1.95/SF
EGI
$60.8K $31.65/SF
− OpEx
−$27.3K −$14.24/SF
NOI
$33.4K $17.41/SF
Area
Boulder County, CO
Vacancy
5.80%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,480
Cap Rate 7%
$477,486
Cap Rate 9%
$371,378
Alternative Uses
Best Use
Apartment 5plus
$477.5K
$417.8K – $557.1K
NOI $33,424 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.3K
$506.9K – $675.8K
NOI $40,550 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence combines two bedrooms, one full bath, an eat-in kitchen, laundry, fireplace, driveway, and attached garage.
Where is this multifamily property located?
The property is located at 1437 Centennial Drive Longmont, CO.
What is the asking price?
The asking price for this property is $532,500.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bath; Fireplace included in each unit; Eat‑in kitchens provide dedicated dining space
