Fully Rented
2208 10th Avenue Unit A and B, Greeley, CO 80631
For Sale
$698,000
Three residential units include six-, four-, and two-bedroom layouts with basement storage.
Property Size4,588 SF
Days on Market228
Property Features for 2208 10th Avenue Unit A and B
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Better Realty
Listed By:
Carey McGrath · License CO #100030108
(970) 397-3775
Source:
Eliselosassore
Added: Mar 30
Changed: Nov 8
Last Checked: Nov 10 at 3:51PM
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 Better Realty
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Investment Insights
Based on property information with market context.
Located at 2208 10th Avenue in Greeley, this triplex was built in 1946 and includes three residential units. The unit mix consists of six-bedroom, four-bedroom, and two-bedroom residences, creating a varied configuration within one property. All three units are currently rented.
The property sits next to the University of Northern Colorado in an area described as serving student rentals. Basement storage provides additional space that can be used by the owner or made available to tenants. The combination of three separate units, a defined bedroom mix, current occupancy, and proximity to the university gives the property a straightforward residential income profile.
The property sits next to the University of Northern Colorado in an area described as serving student rentals. Basement storage provides additional space that can be used by the owner or made available to tenants. The combination of three separate units, a defined bedroom mix, current occupancy, and proximity to the university gives the property a straightforward residential income profile.
Key Highlights
- Three‑unit triplex built in 1946
- Six‑bedroom, four‑bedroom, and two‑bedroom unit mix
- All three units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,803
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,060
$1.1M
Cap Rate 7%
$754,329
$754.3K
Cap Rate 9%
$586,700
$586.7K
Market Conditions
NOI Build-Up for 4,588 SF
Gross rent
$79.8K $17.40/SF
− Vacancy
−$4.4K −$0.96/SF
EGI
$75.4K $16.44/SF
− OpEx
−$22.6K −$4.93/SF
NOI
$52.8K $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%
$1,056,060
Cap Rate 7%
$754,329
Cap Rate 9%
$586,700
Alternative Uses
Best Use
Multifamily LT 5
$754.3K
$660.0K – $880.1K
NOI $52,803 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$692.7K
$606.2K – $808.2K
NOI $48,492 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office B
$836.2K
$731.6K – $975.5K
NOI $58,531 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
576
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include six-, four-, and two-bedroom layouts with basement storage.
Where is this triplex located?
The property is located at 2208 10th Avenue Unit A and B Greeley, CO.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1946; Six‑bedroom, four‑bedroom, and two‑bedroom unit mix; All three units are currently rented
