Four-Unit Residential
For Sale
$770,000
1934 12th Avenue, Greeley, CO 80631
Four residential units provide a consistent two-bedroom, one-bathroom configuration in a corner-lot property.
Property Size3,292 SF
Lot Size0.25 Acres
Price / SF$233.90
Days on Market51
Property Features for 1934 12th Avenue
General Information
Standard status
Active
Size
3,292 SF
Lot size
0.25 Acres
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,292
Building Details
Building Size
3,292 SF
Year Built
1956
Listing Agency:
CBRE Inc
Listed By:
Charlie Mitelhaus
(303) 583-2038
Source:
Eliselosassore
Added: Aug 18
Changed: Sep 21
Last Checked: Oct 5 at 9:42PM
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.
Built in 1956, this residential quadplex comprises four units with a consistent layout of two bedrooms and one bathroom per residence. The property contains 3,292 SF and occupies a quarter-acre corner lot in the Cranford neighborhood.
The asset is located at 1934 12th Avenue in Greeley, Colorado, directly opposite the newly opened University of Northern Colorado College of Osteopathic Medicine. Its four-unit configuration and established residential improvements provide a clearly defined multifamily property format.
The asset is located at 1934 12th Avenue in Greeley, Colorado, directly opposite the newly opened University of Northern Colorado College of Osteopathic Medicine. Its four-unit configuration and established residential improvements provide a clearly defined multifamily property format.
Key Highlights
- Four‑unit residential quadplex
- Each unit includes 2 bedrooms and 1 bathroom
- 3,292 SF building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,887
Cap Rate
4.92%
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 4.92%
Second Best
Apartment 5plus
$497.1K
$434.9K – $579.9K
NOI $34,794 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office B
$600.0K
$525.0K – $700.0K
NOI $41,998 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
548
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
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?
Quadplex - Four residential units provide a consistent two-bedroom, one-bathroom configuration in a corner-lot property.
Where is this quadplex located?
The property is located at 1934 12th Avenue Greeley, CO.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Four‑unit residential quadplex; Each unit includes 2 bedrooms and 1 bathroom; 3,292 SF building area
