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 Market374
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
(970) 481-9280
Listed By:
Jim Hauan · License #IR1042068
(970) 481-9280
Source:
Kw
Added: Aug 22, 2025
Changed: Aug 26
Last Checked: Aug 29 at 5:14PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,594
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
