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Two-Building Triplex Property

221 E Iowa Avenue, Fountain, CO 80817

For Sale
$849,000

Six multifamily units offer private entries, individual mechanical systems, and separate electric and natural-gas metering.

Property SizeContact for details
Days on Market96

Property Features for 221 E Iowa Avenue

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Highway Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $1,709

Building Details

Year Built 1942
Buildings 2
Tenancy Multi
Listing Agency: VIP Property Management
Listed By: Todd Adams
Source: Exitrealty
Added: Aug 3 Changed: Nov 1 Last Checked: Nov 1 at 3:48AM

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 VIP Property Management

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Investment Insights

Based on property information with market context.

This multifamily property includes two triplex buildings with six total units. Each apartment provides a private entrance, two bedrooms, one bathroom, and an efficiency-style kitchen equipped with a full-size stove and refrigerator. Every unit has its own furnace and water heater, while one apartment also includes a stackable washer/dryer. Gravel parking is located in front of both buildings.

The property is at 221 E Iowa Ave in Fountain, just east of downtown, with access to I-25 and Highway 85/87. Schools, shopping, and dining are also identified nearby. Electricity and natural gas are separately metered by unit. A single water meter serves the complex; water and sewer costs have been handled differently under older and newer leases.

Key Highlights

  • Two triplex buildings with 6 total units
  • Each unit includes 2 bedrooms and 1 bathroom
  • Private entrances and efficiency kitchens with full‑size stoves and refrigerators

Property Analytics

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Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

296
Businesses Nearby

Demographics for 80817, CO

31,621
Population
11,649
Households
2.7
Avg Household Size
31
Median Age
32%
College-Educated
95%
High-School Grad
115.1 sq mi
ZIP Area
275
Density / Sq Mi
$85,121
Median Household Income
$50,434
Median Earnings
$1,758
Median Rent
$377,300
Median Home Value
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Six multifamily units offer private entries, individual mechanical systems, and separate electric and natural-gas metering.
Where is this triplex located?
The property is located at 221 E Iowa Avenue Fountain, CO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two triplex buildings with 6 total units; Each unit includes 2 bedrooms and 1 bathroom; Private entrances and efficiency kitchens with full‑size stoves and refrigerators
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