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    Greeley Multifamily Investment Opportunity Title is generated by Realmo AI

    1817 28th Street, Greeley, CO 80631

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    Claim this Listing
    For Sale
    $1,500,000

    12-unit multifamily property in Greeley, Colorado.

    Type:Commercial
    Property size:
    10,692 SF
    Price / SF:
    $140/SF
    Added:
    Nov 25, 2025
    Days on Market:
    197
    Last Refresh:
    Apr 5 at 8:31 pm

    Property Features for 1817 28th Street

    General Information

    Standard status
    Active
    Size
    10,692 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1971

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    Listing Contact
    CHARLIE MITELHAUS

    Listing agent CHARLIE MITELHAUS

    Listing office CBRE, INC.

    Listing date Nov 25, 2025

    Source Corcoran

    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 CBRE, INC.

    HighLights

    • 12‑unit investment property in Greeley, Colorado.
    • Unparalleled access to Greeley's premier amenities.
    • Quick access to major job centers.
    • Strong local economy.
    • Greeley MSA consistently ranks in the top ten for population growth rate nationwide.
    • Constructed in 1971.

    Overview

    This 12-unit multifamily property, constructed in 1971, is located in Greeley, Colorado. The property offers convenient access to local amenities and major job centers. The Greeley Metropolitan Statistical Area (MSA) is experiencing significant population growth, consistently ranking in the top ten nationwide. Weld County is projected to be the fastest-growing county in Colorado over the next decade, indicating potential for returns.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $218.1k $20.40
    − Vacancy −$12.7k −$1.18
    EGI $205.5k $19.22
    − OpEx −$92.5k −$8.65
    NOI $113.0k $10.57
    10,692 SF · lease $20.40/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $113,006 @ 7.0% cap · market cap 7.53%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office B
    $1.95M
    $1.71M – $2.27M (±1% cap)
    NOI $136,403 @ 7.0% cap · market cap 9.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Greeley
    County
    Weld
    State
    Colorado
    Longitude
    -104.706
    Latitude
    40.3916

    FAQs

    What type of property is this?
    Apartment building - 12-unit multifamily property in Greeley, Colorado.
    Where is this apartment building located?
    The property is located at 1817 28th Street Greeley, CO.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 12‑unit investment property in Greeley, Colorado.; Unparalleled access to Greeley's premier amenities.; Quick access to major job centers.
    More about this property
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