Renovated Duplex with Attached
For Sale
Under Contract
$575,000
2327 W 18th St, Loveland, CO 80538
Residential Income, Loveland, CO
Property Size2,052 SF
Lot Size0.24 Acres
Price / SF$280.21
Days on Market95
Property Features for 2327 W 18th St
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Open
Patio and Porch features
Patio
Interior features
Open Floorplan, Walk-In Closet(s), Washer/Dryer Hookup
Fencing
Fenced, Chain Link
Fireplace
1
Appliances
Electric Range, Dishwasher, Refrigerator, Disposal, Fire Alarm
Subdivision
Lakemont
Lot features
Level, Paved, Curbs, Gutters, Sidewalks
Elementary school
Namaqua
Middle school
Bill Reed
High school
Loveland
Elementary school district
Thompson R2-J
Middle school district
Thompson R2-J
High school district
Thompson R2-J
Standard status
Active Under Contract
APN
R0362077
Size
2,052 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2661
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
private patios
zeroscaped backyards
shed storage
attached garages
RV/boat parking
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Frame, Brick
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
RE/MAX Alliance-FTC South · RE/MAX International
(970) 226-3990
Listed By:
Gus Bergs
(970) 308-4733
Added: Jun 10
Changed: Sep 12
Last Checked: Sep 12 at 7:06AM
MLS# 1061510
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 side-by-side duplex in Loveland contains 2,052 square feet across two separate residences. The west unit offers 1 bedroom, 1 bathroom, and two living spaces, while the east unit provides 2 bedrooms and 1 bathroom. Both residences have open-concept layouts, updated kitchens and bathrooms, newer appliances, wood flooring, and individual attached one-car garages. Private fenced patios, low-maintenance zeroscaped yards, and a storage shed for each unit add practical outdoor space. Major capital items have been replaced within approximately the last 6 years, and the property was built in 1972 with frame and brick construction.
The 0.24-acre property is located at 2327 W 18th St in Loveland, between Lake Loveland and Rist Benson Reservoir. The R1-zoned property has public sewer service, cable availability, a composition roof, forced-air heating, and wall/window cooling units. One residence has been rented furnished with utilities included, while the other pays all utilities except water; the property has a single water meter. The east unit also includes fenced RV/boat parking.
The 0.24-acre property is located at 2327 W 18th St in Loveland, between Lake Loveland and Rist Benson Reservoir. The R1-zoned property has public sewer service, cable availability, a composition roof, forced-air heating, and wall/window cooling units. One residence has been rented furnished with utilities included, while the other pays all utilities except water; the property has a single water meter. The east unit also includes fenced RV/boat parking.
Key Highlights
- 2,052‑square‑foot side‑by‑side duplex on a 0.24‑acre lot
- West unit: 1 bedroom, 1 bathroom, and two living spaces
- East unit: 2 bedrooms and 1 bathroom with fenced RV/boat parking
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
$21,121
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
3.67%
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%
$422,420
$422.4K
Cap Rate 7%
$301,729
$301.7K
Cap Rate 9%
$234,678
$234.7K
Market Conditions
NOI Build-Up for 2,052 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
$31.5K $15.36/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$30.2K $14.70/SF
− OpEx
−$9.1K −$4.41/SF
NOI
$21.1K $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 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%
$422,420
Cap Rate 7%
$301,729
Cap Rate 9%
$234,678
Alternative Uses
Best Use
Multifamily LT 5
$301.7K
$264.0K – $352.0K
NOI $21,121 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,530 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$550.8K
$481.9K – $642.6K
NOI $38,555 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
630
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
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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?
Duplex - Side-by-side units feature updated interiors, private patios, fenced yards, and separate attached garage parking.
Where is this duplex located?
The property is located at 2327 W 18th St Loveland, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,052‑square‑foot side‑by‑side duplex on a 0.24‑acre lot; West unit: 1 bedroom, 1 bathroom, and two living spaces; East unit: 2 bedrooms and 1 bathroom with fenced RV/boat parking
