Duplex with Separate
1520 12th Ave, Greeley, CO 80631
For Sale
$435,000
The home includes a shared laundry room, backyard parking, and a basement with room for future finishing.
Property Size2,438 SF
Price / SF$178.42
Days on Market47
Property Features for 1520 12th Ave
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Amenities
fireplace
shared laundry room
Building Details
Year Built
Construction
Listing Agency:
Group Mulberry
Listed By:
Aaron Everitt · License #100082176
(970) 567-1924
Source:
Nocoflex
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 8 at 6:36PM
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 Group Mulberry
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Investment Insights
Based on property information with market context.
This 1906 home was previously used as a duplex and has two separate entrances and a shared laundry room. The upper level contains four bedrooms and 2.5 baths, along with a large kitchen and dining room and a living room with a fireplace. Original wood trim, moldings, and built-ins remain. The basement is unfinished and offers additional space for future improvement.
The property is in Greeley’s Cranford neighborhood, a short distance from the University of Northern Colorado and downtown. Public water and sewer serve the home, and parking is available in the backyard lot.
The property is in Greeley’s Cranford neighborhood, a short distance from the University of Northern Colorado and downtown. Public water and sewer serve the home, and parking is available in the backyard lot.
Key Highlights
- Previously used as a duplex, with two separate entrances
- Four upstairs bedrooms and 2.5 baths
- Shared laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,059
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,180
$561.2K
Cap Rate 7%
$400,843
$400.8K
Cap Rate 9%
$311,767
$311.8K
Market Conditions
NOI Build-Up for 2,438 SF
Gross rent
$42.4K $17.40/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$40.1K $16.44/SF
− OpEx
−$12.0K −$4.93/SF
NOI
$28.1K $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%
$561,180
Cap Rate 7%
$400,843
Cap Rate 9%
$311,767
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.7K
NOI $28,059 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.5K
NOI $25,768 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office B
$444.3K
$388.8K – $518.4K
NOI $31,103 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
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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
$300,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Greeley, CO
Properties on Market for Duplexes in Greeley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The home includes a shared laundry room, backyard parking, and a basement with room for future finishing.
Where is this duplex located?
The property is located at 1520 12th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Previously used as a duplex, with two separate entrances; Four upstairs bedrooms and 2.5 baths; Shared laundry room
