Corner-Lot Quadplex Near Medical
For Sale
$730,000
1934 12th Ave, Greeley, CO 80631
Four residential units offer consistent two-bedroom, one-bathroom layouts in a corner-lot property near a newly opened medical campus.
Property Size3,292 SF
Lot Size0.25 Acres
Price / SF$221.75
Days on Market49
Property Features for 1934 12th Ave
General Information
Standard status
Active
Size
3,292 SF
Lot size
0.25 Acres
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1956
Listing Agency:
CBRE, Inc.
Listed By:
Charlie Mitelhaus
(303) 583-2038
Source:
Thestrohmangroup
Added: Aug 19
Changed: Oct 1
Last Checked: Oct 5 at 9:51PM
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.
Investment Insights
Based on property information with market context.
This quadplex contains four residential units, each arranged with two bedrooms and one bathroom, for a combined 3,292 SF of living area. The property occupies a quarter-acre corner lot and was built in 1956, providing an established residential configuration in Greeley’s Cranford neighborhood.
The asset is located at 1934 12th Ave, directly opposite the newly opened University of Northern Colorado College of Osteopathic Medicine. Its four-unit layout and proximity to the campus place the property within a residential setting connected to a major nearby institutional use.
The asset is located at 1934 12th Ave, directly opposite the newly opened University of Northern Colorado College of Osteopathic Medicine. Its four-unit layout and proximity to the campus place the property within a residential setting connected to a major nearby institutional use.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 1 bathroom layouts
- 3,292 SF residential property on a quarter‑acre corner lot
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,887
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,740
$757.7K
Cap Rate 7%
$541,243
$541.2K
Cap Rate 9%
$420,967
$421.0K
Market Conditions
NOI Build-Up for 3,292 SF
Gross rent
$57.3K $17.40/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$54.1K $16.44/SF
− OpEx
−$16.2K −$4.93/SF
NOI
$37.9K $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%
$757,740
Cap Rate 7%
$541,243
Cap Rate 9%
$420,967
Alternative Uses
Best Use
Multifamily LT 5
$541.2K
$473.6K – $631.5K
NOI $37,887 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$497.1K
$434.9K – $579.9K
NOI $34,794 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office B
$600.0K
$525.0K – $700.0K
NOI $41,998 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
494
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer consistent two-bedroom, one-bathroom layouts in a corner-lot property near a newly opened medical campus.
Where is this quadplex located?
The property is located at 1934 12th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 1 bathroom layouts; 3,292 SF residential property on a quarter‑acre corner lot; Built in 1956
