Duplex Property with Two
New
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 Market6
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: Sep 9
Last Checked: Sep 11 at 10:00AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,276
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
