Six-Unit Apartment
For Sale
$1,000,000
1701 Warren Ave, Longmont, CO 80501
The property offers a mix of two-bedroom and one-bedroom residences with carports, storage, parking, and select private balconies.
Property Size3,696 SF
Days on Market51
Property Features for 1701 Warren Ave
General Information
Standard status
Active
Size
3,696 SF
Property subtype
Commercial
Units
Unit Mix
5 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
6
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$6,984
Amenities
carports
storage
off-street parking
private balconies
Building Details
Building Size
3,696 SF
Year Built
1978
Units
6
Tenancy
Multi
Listing Agency:
MODUS Real Estate
Listed By:
John Adams
(720) 884-7650
Source:
Elliman
Added: Sep 15
Changed: Nov 2
Last Checked: Nov 3 at 5:01AM
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 MODUS Real Estate
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Investment Insights
Based on property information with market context.
This six-unit apartment property in Longmont includes five two-bedroom, one-bath residences of approximately 830 square feet and one one-bedroom, one-bath residence of approximately 700 square feet. Six carports provide covered parking and additional storage, while off-street parking is allocated at two spaces per unit. Four residences also feature private balconies. Constructed in 1978, the building is occupied by long-term tenants and has been maintained as a residential community.
The property is located near parks, a golf course, fitness facilities, coffee shops, Longmont High School, and everyday retail. Walk Score is 61, Bike Score is 62, and Transit Score is 36, reflecting a somewhat walkable location with bike access and some transit service.
The property is located near parks, a golf course, fitness facilities, coffee shops, Longmont High School, and everyday retail. Walk Score is 61, Bike Score is 62, and Transit Score is 36, reflecting a somewhat walkable location with bike access and some transit service.
Key Highlights
- Six‑unit apartment property with five two‑bedroom units and one one‑bedroom unit
- Five two‑bedroom / one‑bath units are approximately 830 square feet
- One one‑bedroom / one‑bath unit is approximately 700 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,341
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,820
$1.3M
Cap Rate 7%
$919,157
$919.2K
Cap Rate 9%
$714,900
$714.9K
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$124.2K $33.60/SF
− Vacancy
−$7.2K −$1.95/SF
EGI
$117.0K $31.65/SF
− OpEx
−$52.6K −$14.24/SF
NOI
$64.3K $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%
$1,286,820
Cap Rate 7%
$919,157
Cap Rate 9%
$714,900
Alternative Uses
Best Use
Apartment 5plus
$919.2K
$804.3K – $1.07M
NOI $64,341 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$975.8K – $1.30M
NOI $78,060 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,177
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?
Apartment building - The property offers a mix of two-bedroom and one-bedroom residences with carports, storage, parking, and select private balconies.
Where is this apartment building located?
The property is located at 1701 Warren Ave 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: Six‑unit apartment property with five two‑bedroom units and one one‑bedroom unit; Five two‑bedroom / one‑bath units are approximately 830 square feet; One one‑bedroom / one‑bath unit is approximately 700 square feet
