Longmont Triplex Townhomes Investment
For Sale
$1,000,000
1618-1622 Donovan Pl, Longmont, CO 80501
Triplex with washer/dryer hookups, individually metered, near downtown Longmont.
Property Size3,494 SF
Days on Market195
Property Features for 1618-1622 Donovan Pl
General Information
Standard status
Active
Size
3,494 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,325
Building Details
Building Size
3,494 SF
Year Built
1976
Listing Agency:
Kaufman Hagan
Listed By:
Louis Passarello
(650) 422-1035
Source:
Elliman
Added: Apr 24
Changed: Nov 2
Last Checked: Nov 3 at 7:47AM
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 Kaufman Hagan
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Investment Insights
Based on property information with market context.
Located in Old Town Longmont, 1618-1622 Donovan Place is a triplex of townhomes. Each townhome includes washer/dryer hook-ups and newer furnaces, and is individually metered for gas and electric. The units are easy to rent and cashflow. The property is located on a quiet cul-de-sac in Boulder County, a 5-minute drive to downtown Longmont/Main Street. Each unit has wall air conditioning and furnace heating. The water and sewer are master metered, while electric and gas are individually metered. The seller will replace the roof with closing. The middle unit has the ability to convert to a 4-bed, 2-bath unit. The property has GE Panels. The bike score is 30, making it somewhat bikeable. The walk score is 20, indicating car-dependent accessibility. The transit score is 21, showing minimal transit options.
Key Highlights
- Triplex of townhomes in Old Town Longmont.
- Individually metered for gas and electric.
- Washer/dryer hook‑ups in each unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,312
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,240
$1.3M
Cap Rate 7%
$933,029
$933.0K
Cap Rate 9%
$725,689
$725.7K
Market Conditions
NOI Build-Up for 3,494 SF
Gross rent
$99.8K $28.56/SF
− Vacancy
−$6.5K −$1.86/SF
EGI
$93.3K $26.70/SF
− OpEx
−$28.0K −$8.01/SF
NOI
$65.3K $18.69/SF
Area
Boulder County, CO
Vacancy
6.50%
Lease Rate
$28.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,240
Cap Rate 7%
$933,029
Cap Rate 9%
$725,689
Alternative Uses
Best Use
Multifamily LT 5
$933.0K
$816.4K – $1.09M
NOI $65,312 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$868.9K
$760.3K – $1.01M
NOI $60,824 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$1.05M
$922.4K – $1.23M
NOI $73,793 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
423
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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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?
Triplex - Triplex with washer/dryer hookups, individually metered, near downtown Longmont.
Where is this triplex located?
The property is located at 1618-1622 Donovan Pl Longmont, CO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Triplex of townhomes in Old Town Longmont.; Individually metered for gas and electric.; Washer/dryer hook‑ups in each unit.
