Paired Residential Income
For Sale
$574,900
1533 E 3rd Ave, Longmont, CO 80501
A 2025-built home combines three bedrooms with an alley-access garage and a dedicated second-floor work area.
Property Size2,520 SF
Price / SF$228.13
Days on Market104
Property Features for 1533 E 3rd Ave
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,667
Building Details
Building Size
2,520 SF
Year Built
2025
Listing Agency:
RE/MAX Professionals
Listed By:
Erica Chouinard · License #4592977
(720) 233-6481
Source:
Flatironsbrokerage
Added: Jul 16
Changed: Oct 27
Last Checked: Oct 26 at 3:32PM
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 Professionals
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Investment Insights
Based on property information with market context.
This paired residential property was built in 2025 and offers 1,985 finished square feet, three bedrooms, and 2.5 bathrooms. The kitchen is equipped with Whirlpool stainless-steel appliances, including a gas range, microwave, and dishwasher, alongside quartz counters and gray cabinetry. The primary suite has dual sinks and a shower; two additional bedrooms and a pocket office are located upstairs. An unfinished in-ground basement provides additional space, and the home also includes a covered front porch and a two-bay alley-load garage.
Key Highlights
- 1,985 finished square feet with three bedrooms and 2.5 bathrooms
- Built in 2025
- Two‑bay alley‑load garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,869
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,380
$877.4K
Cap Rate 7%
$626,700
$626.7K
Cap Rate 9%
$487,433
$487.4K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$84.7K $33.60/SF
− Vacancy
−$4.9K −$1.95/SF
EGI
$79.8K $31.65/SF
− OpEx
−$35.9K −$14.24/SF
NOI
$43.9K $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%
$877,380
Cap Rate 7%
$626,700
Cap Rate 9%
$487,433
Alternative Uses
Best Use
Apartment 5plus
$626.7K
$548.4K – $731.2K
NOI $43,869 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - A 2025-built home combines three bedrooms with an alley-access garage and a dedicated second-floor work area.
Where is this residential income property located?
The property is located at 1533 E 3rd Ave Longmont, CO.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 1,985 finished square feet with three bedrooms and 2.5 bathrooms; Built in 2025; Two‑bay alley‑load garage
