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Renovated Multifamily Asset in Greeley

1650 29th Avenue Place Greeley, Greeley, CO 80634

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For Sale

$2,500,000

Newly renovated multifamily property in West Greeley with strong cap rate.

Type:Multifamily

Property size:

14,031 SF

Price / SF:

$178/SF

HighLights

Newly renovated multifamily asset in the heart of West Greeley.
Strong in place cap rate of 6.56% offering stable returns.
Mix of unit types including spacious 2‑bed/1.5‑bath units with contemporary design.
High‑end stainless‑steel appliances, quartz countertops, new bathrooms, and in‑unit laundry.
Exterior renovations including fresh paint, upgraded stairways, resurfaced parking lot, and new roof.
Convenient access to retail, business districts, parks, highways, and entertainment.

We can help!

Listing Contact

Phil Dankner

For Sale

$2,500,000

Newly renovated multifamily property in West Greeley with strong cap rate.

Type:Multifamily

Property size:

14,031 SF

Price / SF:

$178/SF

Added:: Sep 25, 2025
Days on Market:: 264
Last Refresh:: May 8 at 9:06 pm

Property Features for 1650 29th Avenue Place Greeley

General Information

Standard status: Active
Size: 14,031 SF
Property subtype: Multifamily

Building Details

Year Built: 1979

We can help!

Listing Contact

Phil Dankner

Listing agent Phil Dankner License #ER.000183921

Listing office Unique Properties, Inc.

Listing date Sep 25, 2025

Source Tcnworldwide

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 Unique Properties, Inc.

HighLights

Newly renovated multifamily asset in the heart of West Greeley.
Strong in place cap rate of 6.56% offering stable returns.
Mix of unit types including spacious 2‑bed/1.5‑bath units with contemporary design.
High‑end stainless‑steel appliances, quartz countertops, new bathrooms, and in‑unit laundry.
Exterior renovations including fresh paint, upgraded stairways, resurfaced parking lot, and new roof.
Convenient access to retail, business districts, parks, highways, and entertainment.

Overview

Chateau Terrace is a newly renovated multifamily property located in West Greeley, Colorado. The modernized apartment community provides access to amenities, retail and business districts, historic parks, major interstate highways and main city streets, and entertainment options. The building features an exterior renovation, including fresh paint, upgraded stairways, a resurfaced parking lot, a new roof, and an upgraded boiler. The property offers a mix of unit types: one studio, two 1-bed/1-bath units, and ten 2-bed/1.5-bath units. Each residence includes stainless-steel appliances, quartz countertops, new bathrooms, replaced windows and flooring, renovated patios, and in-unit laundry facilities. The property has a size of 14031 square feet and is intended for multifamily use. The property has a strong in place cap rate of 6.56% and presents an opportunity for investors seeking stable returns in a Colorado submarket.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$286.2k	$20.40
− Vacancy	−$16.6k	−$1.18
EGI	$269.6k	$19.22
− OpEx	−$121.3k	−$8.65
NOI	$148.3k	$10.57

14,031 SF · lease $20.40/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.12M

$1.85M – $2.47M (±1% cap)

NOI $148,297 @ 7.0% cap · market cap 5.93%

Second Best

—

no second resolved use

Theoretical Best

Office B

$2.56M

$2.24M – $2.98M (±1% cap)

NOI $179,000 @ 7.0% cap · market cap 7.16%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Chateau Terrace Apartments Apartment Complex

Suggested Use

Location Insight

Map
Local Demand

City: Greeley
County: Weld
State: Colorado
Longitude: -104.728
Latitude: 40.4134

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For sale
Apartment buildings
CO
Greeley
80634
1650 29th Avenue Place

What type of property is this?

Apartment building - Newly renovated multifamily property in West Greeley with strong cap rate.

Where is this apartment building located?

The property is located at 1650 29th Avenue Place Greeley Greeley, CO.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Newly renovated multifamily asset in the heart of West Greeley.; Strong in place cap rate of 6.56% offering stable returns.; Mix of unit types including spacious 2‑bed/1.5‑bath units with contemporary design.