Well-Maintained Fourplex with
2330 Wedgewood Avenue Longmont, CO 80503
2330 Wedgewood Avenue, Longmont, CO, 80503
$950,000
For Sale
$950,000
Well-maintained four-plex with four 2-bedroom, 1-bath units, each with a 1-car attached garage and an exterior parking space.
Property Size4,514 SF
Lot Size0.19 Acres
Price / SF$210.46
Days on Market222
Property Features for 2330 Wedgewood Avenue
General Information
- Standard status
- Active
- Size
- 4,514 SF
- Lot size
- 0.19 Acres
- Property subtype
- Income Property
Building Details
- Year Built
- 1978
Listing agency
Wisdom Real Estate
(720) 252-3854
Listed by
Wisdom Real Estate · License #100044550
(720) 252-3854
Source
Compass
Added: Dec 12, 2025 Updated: Jul 21 at 10:23PM Checked: Jul 21 at 10:23PM
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 Wisdom Real Estate
Investment Insights
Based on property information with market context.
This well-maintained four-plex includes four separate 2-bedroom, 1-bath units. Each unit also features a 1-car attached garage plus a 1-car exterior parking space. The building has a shared basement laundry area with individual hookups for each unit.
The property is located just off Hover Street in Longmont and is described as being near outdoor recreation options including McIntosh Lake, Dawson Park, and Garden Acres Park. It is Building 4 within a 14-building complex and is governed by an HOA.
The HOA provides services including common courtyard space and playground maintenance, along with snow removal up to each unit’s sidewalk. The seller reports the roof was replaced in 2024.
The property is located just off Hover Street in Longmont and is described as being near outdoor recreation options including McIntosh Lake, Dawson Park, and Garden Acres Park. It is Building 4 within a 14-building complex and is governed by an HOA.
The HOA provides services including common courtyard space and playground maintenance, along with snow removal up to each unit’s sidewalk. The seller reports the roof was replaced in 2024.
Key Highlights
- Four‑plex with four 2‑bed/1‑bath units, each with a 1‑car attached garage and a 1‑car exterior parking space
- Shared basement laundry area with common area access and individual hookups for each unit
- Roof replaced in 2024
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.5k | $17.40 |
| − Vacancy | −$4.3k | −$0.96 |
| EGI | $74.2k | $16.44 |
| − OpEx | −$22.3k | −$4.93 |
| NOI | $52.0k | $11.51 |
4,514 SF · lease $17.40/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$742.2K
$649.4K – $865.9K
NOI $51,951 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$681.6K
$596.4K – $795.2K
NOI $47,710 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office B
$822.7K
$719.8K – $959.8K
NOI $57,587 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Affordable Solar Longmont
Production Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-plex with four 2-bedroom, 1-bath units, each with a 1-car attached garage and an exterior parking space.
Where is this quadplex located?
The property is located at 2330 Wedgewood Avenue Longmont, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑plex with four 2‑bed/1‑bath units, each with a 1‑car attached garage and a 1‑car exterior parking space; Shared basement laundry area with common area access and individual hookups for each unit; Roof replaced in 2024
