4-Unit Brick
For Sale
$789,000
2264 S Colorado Ave, Loveland, CO 80537
Residential Income, Loveland, CO
Property Size3,700 SF
Lot Size0.30 Acres
Price / SF$213.24
Days on Market88
Property Features for 2264 S Colorado Ave
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
FA
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking
12
Window features
Window Coverings
Interior features
Eat-in Kitchen
Exterior features
Sprinkler System
Appliances
Electric Range, Dishwasher, Refrigerator, Disposal, Fire Alarm
Subdivision
Rolling Knolls Estates Add
Lot features
Level, Paved
Elementary school
Kitchen (Bf)
Middle school
Clark (Walt)
High school
Thompson Valley
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active
APN
R0707902
Size
3,700 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5666
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant
Cooling system
Wall/Window Unit(s), Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
private garages
on-site laundry
Building Details
Year built
1979
Floors in Building
2
Number of units
4
Building materials
Brick
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
RE/MAX Alliance-FTC South · RE/MAX International
(970) 226-3990
Listed By:
Dominic East · License #40025331
(970) 412-7743
Added: Jul 11
Changed: Oct 1
Last Checked: Oct 6 at 7:06PM
MLS# 1064023
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1979 brick quadplex contains four similar apartments, each with two bedrooms, one bathroom, and approximately 900 square feet. Each apartment has a detached one-car garage, with additional off-street parking available. Residents also have access to on-site laundry. The property totals 3,700 square feet on a 0.3-acre lot and is zoned FA. Separate electric meters serve the units, and there is no HOA.
Recent work includes vinyl windows installed throughout in 2026, a Class 4 roof, boiler servicing, and new carpet in two apartments. Individual units have also received improvements as they turned over. The property has an established rental history, and professional management is in place.
Recent work includes vinyl windows installed throughout in 2026, a Class 4 roof, boiler servicing, and new carpet in two apartments. Individual units have also received improvements as they turned over. The property has an established rental history, and professional management is in place.
Key Highlights
- Four 2‑bedroom/1‑bath units, each approximately 900 square feet
- Four detached one‑car garages, plus additional off‑street parking
- 3,700‑square‑foot building on a 0.3‑acre lot; zoned FA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,084
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,680
$761.7K
Cap Rate 7%
$544,057
$544.1K
Cap Rate 9%
$423,156
$423.2K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$56.8K $15.36/SF
− Vacancy
−$2.4K −$0.66/SF
EGI
$54.4K $14.70/SF
− OpEx
−$16.3K −$4.41/SF
NOI
$38.1K $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%
$761,680
Cap Rate 7%
$544,057
Cap Rate 9%
$423,156
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.7K
NOI $38,084 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$503.1K
$440.2K – $586.9K
NOI $35,215 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$993.1K
$869.0K – $1.16M
NOI $69,520 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four detached garages, on-site laundry access, and separate electric meters serve the property.
Where is this quadplex located?
The property is located at 2264 S Colorado Ave Loveland, CO.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Four 2‑bedroom/1‑bath units, each approximately 900 square feet; Four detached one‑car garages, plus additional off‑street parking; 3,700‑square‑foot building on a 0.3‑acre lot; zoned FA
