Updated Triplex with
For Sale
$549,900
1520-1530 N 25th Avenue Ct, Greeley, CO 80631
Three remodeled residences share laundry access, outdoor storage, and parking for recreational vehicles and trailers.
Property Size2,202 SF
Lot Size0.70 Acres
Price / SF$249.73
Days on Market10
Property Features for 1520-1530 N 25th Avenue Ct
General Information
Standard status
Active
Size
2,202 SF
Lot size
0.70 Acres
Property subtype
Multi-Family
Units
Unit Mix
1BR, 2BR, 3BR
Multifamily Units
3
Amenities
shared laundry room
outdoor storage
privacy fence
Building Details
Year Built
1925
Listing Agency:
eXp Realty LLC
Listed By:
Kyle MacAlmon 9702272552
(970) 227-2552
Source:
Denverareahomesource
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 11 at 11:46AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Located at 1520-1530 N 25th Avenue Ct in Greeley, this 1925 triplex contains 2,202 SF across three remodeled residences. The unit mix includes one 1-bedroom, one 2-bedroom, and one 3-bedroom layout, providing distinct living arrangements within the property. A shared laundry room is accessed separately from the rear of the middle residence, and a new privacy fence lines the front of the property.
The property occupies 0.7 acres and includes substantial outdoor storage and parking areas with room for RVs, boats, trailers, and other recreational equipment. The combination of three updated units, varied bedroom configurations, shared utility space, and usable exterior areas supports both owner-occupancy and rental use as described in the property information.
The property occupies 0.7 acres and includes substantial outdoor storage and parking areas with room for RVs, boats, trailers, and other recreational equipment. The combination of three updated units, varied bedroom configurations, shared utility space, and usable exterior areas supports both owner-occupancy and rental use as described in the property information.
Key Highlights
- Three remodeled units with 1‑bedroom, 2‑bedroom, and 3‑bedroom layouts
- 2,202 SF triplex on 0.7 acres
- Built in 1925 and updated across all three residences
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
$25,343
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
4.61%
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%
$506,860
$506.9K
Cap Rate 7%
$362,043
$362.0K
Cap Rate 9%
$281,589
$281.6K
Market Conditions
NOI Build-Up for 2,202 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
$38.3K $17.40/SF
− Vacancy
−$2.1K −$0.96/SF
EGI
$36.2K $16.44/SF
− OpEx
−$10.9K −$4.93/SF
NOI
$25.3K $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%
$506,860
Cap Rate 7%
$362,043
Cap Rate 9%
$281,589
Alternative Uses
Best Use
Multifamily LT 5
$362.0K
$316.8K – $422.4K
NOI $25,343 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$332.5K
$290.9K – $387.9K
NOI $23,273 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office B
$401.3K
$351.2K – $468.2K
NOI $28,092 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
9
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?
Triplex - Three remodeled residences share laundry access, outdoor storage, and parking for recreational vehicles and trailers.
Where is this triplex located?
The property is located at 1520-1530 N 25th Avenue Ct Greeley, CO.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three remodeled units with 1‑bedroom, 2‑bedroom, and 3‑bedroom layouts; 2,202 SF triplex on 0.7 acres; Built in 1925 and updated across all three residences
