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Two-Building Triplex Property
For Sale
$849,000

221 E Iowa Ave, Fountain, CO 80817

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

Property SizeContact for details
Days on Market45

Property Features for 221 E Iowa Ave

General Information

Standard status Active
Property subtype Residential Income

Site & Location

Highway Access Yes
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $1,709

Building Details

Buildings 2
Tenancy Multi
Listing Agency: VIP Property Management
Listed By: Todd Adams
Source: Exprealty
Added: Jun 23 Changed: Aug 3 Last Checked: Aug 3 at 6:34AM

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

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

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Pharmacy (Bike/Boat/Book/etc) Store Real Estate Agency Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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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 Ave 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
More about this property
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