6-Unit Apartment
New
For Sale
$1,200,000
1734 Azalea Dr, Fort Collins, CO 80526
Four residences have been updated, and every unit has its own washer and dryer.
Property Size5,390 SF
Lot Size0.30 Acres
Price / SF$222.63
Days on Market3
Property Features for 1734 Azalea Dr
General Information
Standard status
Active
Size
5,390 SF
Lot size
0.30 Acres
Property subtype
Multifamily
Zoning
MMN
Site & Location
Neighborhood
Westwood
Units
Unit Mix
4 x 2BR flat, 2 x 3BR flat
Multifamily Units
6
Amenities
in-unit washer and dryer
Building Details
Building Size
5,390 SF
Year Built
1977
Buildings
1
Stories
1
Construction
brick-veneer frame
Listed By:
Will McCauley · License #CO #100087986
(781) 733-3732
Source:
Uniqueprop
Added: Oct 28
Last Checked: Oct 30 at 12:04PM
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 Will McCauley
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Investment Insights
Based on property information with market context.
This six-unit apartment property in southwest Fort Collins offers four two-bedroom flats and two three-bedroom flats, totaling 14 bedrooms. The 5,390-square-foot building has one level above a fully finished basement and sits on a 13,100-square-foot lot. Four units have been updated. Brick-veneer frame construction rests on a concrete foundation, and the composition shingle roof was replaced in 2024.
Each residence includes an in-unit washer and dryer. A dedicated maintenance closet serves the building, and utilities are billed back to residents, along with landscaping charges. The property is zoned MMN.
Each residence includes an in-unit washer and dryer. A dedicated maintenance closet serves the building, and utilities are billed back to residents, along with landscaping charges. The property is zoned MMN.
Key Highlights
- Six apartments with 14 bedrooms: four two‑bedroom units and two three‑bedroom units
- 5,390 SF building on a 13,100 SF lot
- One story above a full finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,915
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,300
$1.3M
Cap Rate 7%
$955,929
$955.9K
Cap Rate 9%
$743,500
$743.5K
Market Conditions
NOI Build-Up for 5,390 SF
Gross rent
$128.1K $23.76/SF
− Vacancy
−$6.4K −$1.19/SF
EGI
$121.7K $22.57/SF
− OpEx
−$54.7K −$10.16/SF
NOI
$66.9K $12.41/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,300
Cap Rate 7%
$955,929
Cap Rate 9%
$743,500
Alternative Uses
Best Use
Apartment 5plus
$955.9K
$836.4K – $1.12M
NOI $66,915 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,249 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
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Business Placement
Demographics for 80526, CO
45,624
Population
19,463
Households
2.3
Avg Household Size
35
Median Age
57%
College-Educated
98%
High-School Grad
32.0 sq mi
ZIP Area
1,426
Density / Sq Mi
$89,098
Median Household Income
$42,496
Median Earnings
$1,641
Median Rent
$520,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four residences have been updated, and every unit has its own washer and dryer.
Where is this apartment building located?
The property is located at 1734 Azalea Dr Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six apartments with 14 bedrooms: four two‑bedroom units and two three‑bedroom units; 5,390 SF building on a 13,100 SF lot; One story above a full finished basement
