Four-Unit Income
For Sale
$1,000,000
202 Peterson St, Fort Collins, CO 80524
Residential Income, Fort Collins, CO
Property Size2,326 SF
Lot Size0.22 Acres
Price / SF$429.92
Days on Market48
Property Features for 202 Peterson St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
NCM/OT-B
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 2
Window features
Window Coverings
Patio and Porch features
Patio
Interior features
Outside Entry
Exterior features
Sprinkler System
Appliances
Electric Range, Refrigerator, Disposal, Fire Alarm
Subdivision
Ftc
Lot features
Corner Lot, Evergreen Trees, Level, Historic District, City Limits
Elementary school
Laurel
Middle school
Lesher
High school
Ft Collins
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Directions
From S. College Ave and Mulberry Street, go east on Mulberry to Peterson. Turn left on Peterson. Home is on the corner of Peterson and E. Oak
Standard status
Active
APN
R0045292
Size
2,326 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6405
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1892
Floors in Building
2
Number of units
4
Roof type
Composition
Architectural style
Tudor
Listing Agency:
eXp Realty LLC
(888) 440-2724
Listed By:
Dave Werner
(970) 581-8377
Added: Aug 31
Changed: Oct 8
Last Checked: Oct 17 at 3:06AM
MLS# 1067643
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,326-square-foot quadplex contains four separate one-bedroom, one-bath units, each with a kitchen and its own entrance. The property includes a patio, sprinkler system, forced-air heating, public water, public sewer, and a composition roof. Built in 1892, the building is situated on a 0.22-acre double lot and is zoned OT-B, identified in the record as Old Town medium density.
The property is in Historic Old Town Fort Collins, directly across from the Library and Library Park. Colorado State University is approximately one mile away, and Old Town amenities are within a few blocks. All four units are currently rented, with separate lease-end dates. The property has been professionally managed for many years, with regular in-person inspections and monthly utility billing recovered through the following year's rents.
The property is in Historic Old Town Fort Collins, directly across from the Library and Library Park. Colorado State University is approximately one mile away, and Old Town amenities are within a few blocks. All four units are currently rented, with separate lease-end dates. The property has been professionally managed for many years, with regular in-person inspections and monthly utility billing recovered through the following year's rents.
Key Highlights
- Four‑unit property with four one‑bedroom, one‑bath residences
- 2,326 square feet on a 0.22‑acre double lot
- OT‑B zoning identified as Old Town medium density
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,118
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,360
$622.4K
Cap Rate 7%
$444,543
$444.5K
Cap Rate 9%
$345,756
$345.8K
Market Conditions
NOI Build-Up for 2,326 SF
Gross rent
$46.9K $20.16/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$44.5K $19.11/SF
− OpEx
−$13.3K −$5.73/SF
NOI
$31.1K $13.38/SF
Area
Fort Collins, CO
Vacancy
5.20%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,360
Cap Rate 7%
$444,543
Cap Rate 9%
$345,756
Alternative Uses
Best Use
Multifamily LT 5
$444.5K
$389.0K – $518.6K
NOI $31,118 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$412.5K
$361.0K – $481.3K
NOI $28,876 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$605.7K
$530.0K – $706.6K
NOI $42,398 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,358
Businesses Nearby
Explore this area
Business Placement
Demographics for 80524, CO
39,030
Population
17,548
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
94%
High-School Grad
122.7 sq mi
ZIP Area
318
Density / Sq Mi
$84,440
Median Household Income
$45,046
Median Earnings
$1,623
Median Rent
$527,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented quadplex with individually entered one-bedroom residences and Old Town medium-density zoning.
Where is this quadplex located?
The property is located at 202 Peterson St Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four‑unit property with four one‑bedroom, one‑bath residences; 2,326 square feet on a 0.22‑acre double lot; OT‑B zoning identified as Old Town medium density
