Brick Duplex in
For Sale
$520,000
2216-2218 Albany Court, Loveland, CO 80538
Side-by-side duplex with rental income potential in a prime location.
Property Size2,098 SF
Price / SF$247.86
Days on Market412
Property Features for 2216-2218 Albany Court
General Information
Standard status
Active
Size
2,098 SF
Property subtype
Duplex
Amenities
Fireplace
Central Air
Forced Air
Dishwasher
Microwave
Oven
Refrigerator
Patio, Electricity Available, Natural Gas Available, Composition
Building Details
Building Size
2,098 SF
Year Built
1979
Listing Agency:
Group Mulberry
Listed By:
Jim Hauan · License #IR1042068
(970) 481-9280
Source:
Kw
Added: Aug 22, 2025
Changed: Oct 2
Last Checked: Oct 5 at 5:32PM
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 Group Mulberry
Investment Insights
Based on property information with market context.
This is a brick side-by-side duplex situated at the end of a cul-de-sac. One unit, located at 2218 Albany, features 2 bedrooms, 1 full bath, a 1-car garage, and a covered back patio. It is available for showing and is move-in or rental ready. The other unit, located at 2216 Albany, includes 2 bedrooms, 2 bathrooms, and a 1-car garage. As of the current data, this unit is leased through June 2026, generating a monthly income of $1800, with tenants responsible for utilities. The unit at 2216 Albany also has central A/C. Both units have a crawl space and a sprinkler system. The property offers an opportunity for investment or owner-occupancy of one unit. The property size is 2098 square feet.
Key Highlights
- Great investment property or live in one side.
- One unit (2216) is already leased through June 2026, generating $1800/month income (plus tenant pays utilities).
- Desirable location at the end of a cul‑de‑sac.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,594
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,880
$431.9K
Cap Rate 7%
$308,486
$308.5K
Cap Rate 9%
$239,933
$239.9K
Market Conditions
NOI Build-Up for 2,098 SF
Gross rent
$32.2K $15.36/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$30.8K $14.70/SF
− OpEx
−$9.3K −$4.41/SF
NOI
$21.6K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,880
Cap Rate 7%
$308,486
Cap Rate 9%
$239,933
Alternative Uses
Best Use
Multifamily LT 5
$308.5K
$269.9K – $359.9K
NOI $21,594 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$285.3K
$249.6K – $332.8K
NOI $19,968 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$563.1K
$492.8K – $657.0K
NOI $39,420 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with rental income potential in a prime location.
Where is this duplex located?
The property is located at 2216-2218 Albany Court Loveland, CO.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Great investment property or live in one side.; One unit (2216) is already leased through June 2026, generating $1800/month income (plus tenant pays utilities).; Desirable location at the end of a cul‑de‑sac.
