Updated Brick Fourplex Investment Opportunity

2132 27th Ave Ct, Greeley, CO 80634

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For Sale

$1,199,900

Updated fourplex with great tenants and revenue potential.

Type:Investment

Property size:

9,072 SF

Price / SF:

$132/SF

HighLights

High‑return investment property with all units currently rented by reliable tenants.
Opportunity to increase revenue by raising rents on units A and B to market value.
Potential for instant equity by deeding units separately, with comparable units selling for $360k-$380k+ each.
Each unit is spacious (2268 sq ft) and includes an attached garage, patio, and outdoor space.
Units feature a desirable layout with a bright, open main floor, fireplace, half bathroom, 3 bedrooms, a spacious bathroom upstairs, and a large unfinished basement.
Convenient location near parks, the university, hospitals, shopping, and highway access.

We can help!

Listing Contact

Ifiok Udowana

Learn more

For Sale

$1,199,900

Updated fourplex with great tenants and revenue potential.

Type:Investment

Property size:

9,072 SF

Price / SF:

$132/SF

Added:: Apr 24, 2026
Days on Market:: 51
Last Refresh:: Apr 24 at 4:35 pm

Property Features for 2132 27th Ave Ct

General Information

Standard status: Active
Size: 9,072 SF
Property subtype: Investment

Building Details

Year Built: 1983

We can help!

Listing Contact

Ifiok Udowana

Listing agent Ifiok Udowana

Listing office Hitch Realty LLC

Listing date Apr 24, 2026

Source Elliman

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 Hitch Realty LLC

HighLights

High‑return investment property with all units currently rented by reliable tenants.
Opportunity to increase revenue by raising rents on units A and B to market value.
Potential for instant equity by deeding units separately, with comparable units selling for $360k-$380k+ each.
Each unit is spacious (2268 sq ft) and includes an attached garage, patio, and outdoor space.
Units feature a desirable layout with a bright, open main floor, fireplace, half bathroom, 3 bedrooms, a spacious bathroom upstairs, and a large unfinished basement.
Convenient location near parks, the university, hospitals, shopping, and highway access.

Overview

This updated brick fourplex presents an investment opportunity in a desirable location. The property is well-maintained and fully rented with tenants in place. Units A and B are currently rented below market value at $1700, offering potential for increased revenue. Unit C is rented for $2000, and Unit D is rented for $2075. Each unit features an identical floor plan, including a bright and open main floor with a fireplace and half bathroom, three bedrooms and a spacious bathroom upstairs, and a large unfinished basement. Each unit provides 2268 square feet of living space, along with an attached garage, patio, and outdoor space, all set within mature landscaping. Units C and D have been updated, while the remaining units are move-in ready. The property is located close to multiple parks, the university, hospitals, shopping, and offers easy access to Highway 34. The location has a bike score of 58, indicating it is bikeable, and a walk score of 45, suggesting car dependence.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$157.9k	$17.40
− Vacancy	−$8.7k	−$0.96
EGI	$149.2k	$16.44
− OpEx	−$44.7k	−$4.93
NOI	$104.4k	$11.51

9,072 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,409 @ 7.0% cap · market cap 8.70%

Second Best

Apartment 5plus

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,884 @ 7.0% cap · market cap 7.99%

Theoretical Best

Office B

$1.65M

$1.45M – $1.93M (±1% cap)

NOI $115,736 @ 7.0% cap · market cap 9.65%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Greeley
County: Weld
State: Colorado
Longitude: -104.7253285
Latitude: 40.4037625

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For sale
Quadplexes
CO
Greeley
80634
2132 27th Ave Ct

What type of property is this?

Quadplex - Updated fourplex with great tenants and revenue potential.

Where is this quadplex located?

The property is located at 2132 27th Ave Ct Greeley, CO.

What is the asking price?

The asking price for this property is $1,199,900.

What are key features of this property?

This property features: High‑return investment property with all units currently rented by reliable tenants.; Opportunity to increase revenue by raising rents on units A and B to market value.; Potential for instant equity by deeding units separately, with comparable units selling for $360k-$380k+ each.

2132 27th Ave Ct, Greeley, CO 80634

Updated fourplex with great tenants and revenue potential.

Property Features for 2132 27th Ave Ct

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Greeley Commercial Property Investment Opportunity

Turnkey Triplex Income Property

Professional Office Condo

Updated Fourplex in Prime Location

Mixed-Use Opportunity in Downtown Greeley

Versatile Industrial/Manufacturing Building in Greeley

All-Brick Duplex Investment Opportunity

Greeley Industrial Building with Yard

Versatile Industrial/Manufacturing Building in Greeley

Mixed-Use Investment Opportunity in Greeley

Greeley Fourplex: Investor Opportunity

West Greeley Corner Office Space

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