Duplex Property with Two
For Sale
$575,000
1820 Daffodil Ave, Greeley, CO 80631
Two separate dwellings are occupied under month-to-month leases, providing flexible existing occupancy arrangements.
Property Size3,152 SF
Lot Size0.86 Acres
Days on Market52
Property Features for 1820 Daffodil Ave
General Information
Standard status
Active
Size
3,152 SF
Lot size
0.86 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,485
Building Details
Building Size
3,152 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
The little lady
Listed By:
Damariz Medrano Ramirez
(970) 888-4694
Source:
Elliman
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 5:19PM
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 The little lady
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Investment Insights
Based on property information with market context.
This duplex property includes two separate residences on a 0.86-acre parcel in Greeley. The larger home contains 2,534 square feet with 2 bedrooms and 2 bathrooms. A second dwelling provides 958 square feet with 2 bedrooms and 1 bathroom. Both residences are occupied under month-to-month leases.
Built in 1955, the property is accessed by a private road and is being offered in its current condition, with no seller repairs. The address is 1820 Daffodil Ave, Greeley, CO 80631. Zoning, permitted uses, development potential, utilities, lease details, and the legal status of the second dwelling require independent verification by the buyer.
Built in 1955, the property is accessed by a private road and is being offered in its current condition, with no seller repairs. The address is 1820 Daffodil Ave, Greeley, CO 80631. Zoning, permitted uses, development potential, utilities, lease details, and the legal status of the second dwelling require independent verification by the buyer.
Key Highlights
- Two separate residences on 0.86 acres
- Primary residence measures 2,534 sq ft with 2 bedrooms and 2 bathrooms
- Second dwelling measures 958 sq ft with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,276
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,520
$725.5K
Cap Rate 7%
$518,229
$518.2K
Cap Rate 9%
$403,067
$403.1K
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$54.8K $17.40/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$51.8K $16.44/SF
− OpEx
−$15.5K −$4.93/SF
NOI
$36.3K $11.51/SF
Area
Greeley, CO
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,520
Cap Rate 7%
$518,229
Cap Rate 9%
$403,067
Alternative Uses
Best Use
Multifamily LT 5
$518.2K
$453.5K – $604.6K
NOI $36,276 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$475.9K
$416.4K – $555.2K
NOI $33,314 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office B
$574.5K
$502.7K – $670.2K
NOI $40,212 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
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Business Placement
Demographics for 80631, CO
52,336
Population
18,871
Households
2.8
Avg Household Size
29
Median Age
18%
College-Educated
73%
High-School Grad
103.6 sq mi
ZIP Area
505
Density / Sq Mi
$52,470
Median Household Income
$33,062
Median Earnings
$1,209
Median Rent
$300,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate dwellings are occupied under month-to-month leases, providing flexible existing occupancy arrangements.
Where is this duplex located?
The property is located at 1820 Daffodil Ave Greeley, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two separate residences on 0.86 acres; Primary residence measures 2,534 sq ft with 2 bedrooms and 2 bathrooms; Second dwelling measures 958 sq ft with 2 bedrooms and 1 bathroom
