Updated Triplex with RV
New
For Sale
$549,900
1520 N 25th Avenue Ct, Greeley, CO 80631
Residential Income, Greeley, CO
Property Size2,202 SF
Lot Size0.70 Acres
Price / SF$249.73
Days on Market4
Property Features for 1520 N 25th Avenue Ct
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
RES
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2
Parking
12
Patio and Porch features
Patio
Interior features
Washer/Dryer Hookup
Basement
Crawl Space
Appliances
Electric Range, Gas Range, Dishwasher, Refrigerator, Disposal, Fire Alarm
Subdivision
ESPANOLA
Lot features
Corner Lot, Deciduous Trees, House Faces South, City Limits, Paved, Mineral Rights Excluded
Elementary school
Winograd
Middle school
Winograd
High school
Northridge
Elementary school district
Greeley 6
Middle school district
Greeley 6
High school district
Greeley 6
Standard status
Active
APN
R1346786
Size
2,202 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1357
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Baseboard
Cooling system
Central Air
Amenities
shared laundry room
outdoor storage
Building Details
Year built
1925
Floors in Building
1
Number of units
3
Building materials
Frame
Roof type
Composition
Architectural style
Colonial
Additional Structures
Storage
Listing Agency:
eXp Realty LLC
(888) 440-2724
Listed By:
Kyle MacAlmon
(970) 227-2552
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 6 at 2:06AM
MLS# 1068110
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 1925 Colonial-style triplex contains 2,202 square feet across three separate remodeled units with one-, two-, and three-bedroom layouts. The property includes a shared laundry room with its own rear entrance, washer/dryer hookups, central air, forced-air and baseboard heating, and a patio. Frame construction, a composition roof, public sewer, and cable availability are also noted. A front privacy fence and outdoor storage add functional site improvements.
Set on 0.7 acres in Greeley, the property provides generous on-site parking with room for RVs, boats, trailers, and other recreational equipment. RES zoning is reported, and the parcel includes electric and gas ranges, dishwashers, refrigerators, disposals, and fire alarms across the units. The configuration supports separate occupancy within a single multifamily property.
Set on 0.7 acres in Greeley, the property provides generous on-site parking with room for RVs, boats, trailers, and other recreational equipment. RES zoning is reported, and the parcel includes electric and gas ranges, dishwashers, refrigerators, disposals, and fire alarms across the units. The configuration supports separate occupancy within a single multifamily property.
Key Highlights
- Three remodeled units with 1‑bedroom, 2‑bedroom, and 3‑bedroom layouts
- 2,202‑square‑foot triplex on 0.7 acres
- Parking accommodates RVs, boats, trailers, and other recreational equipment
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
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three remodeled units with shared laundry, outdoor storage, and parking for recreational vehicles and trailers.
Where is this triplex located?
The property is located at 1520 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‑square‑foot triplex on 0.7 acres; Parking accommodates RVs, boats, trailers, and other recreational equipment
