Five-Bedroom Duplex with Finished
For Sale
Under Contract
$475,000
2615 Anemonie Dr, Loveland, CO 80537
Residential, Loveland, CO
Property Size3,196 SF
Lot Size0.14 Acres
Price / SF$148.62
Days on Market11
Property Features for 2615 Anemonie Dr
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R2
Bedrooms
5
Bathrooms
3
Full bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 3, Dining Room, Bedroom 4
Parking features
Open
Window features
Window Coverings
Pets allowed
Dogs OK, Cats OK
Interior features
Separate Dining Room, Cathedral Ceiling(s), Open Floorplan, Washer/Dryer Hookup, Kitchen Island, Sun Room
Exterior features
Sprinkler System
Fireplace
1
Basement
Partially Finished
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Water Softener Owned, Disposal, Fire Alarm
Subdivision
Cedar View 13th Sub
Lot features
Corner Lot
Elementary school
Milner (Sarah)
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 Under Contract
APN
R1612676
Size
3,196 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2676
HOA Fee
$240 Monthly
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Amenities
enclosed sunroom
dog run
whole-house water treatment system
brand-new kitchen appliances
Building Details
Year built
2001
Floors in Building
1
Building materials
Frame, Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Jennifer Low Homes
(970) 414-7136
Listed By:
Jennifer Low · License #100014313
(970) 331-4146
Added: Aug 20
Changed: Aug 24
Last Checked: Aug 30 at 12:06AM
MLS# 1066822
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 R2-zoned duplex in Loveland offers 3,196 square feet of living space on a 0.14-acre lot. The five-bedroom layout includes three bedrooms on the main level and two in the finished basement, along with three bathrooms, separate dining space, an open floorplan, cathedral ceilings, and a kitchen island. An enclosed sunroom connects to the dining room, while the basement provides additional finished space and storage. A fireplace, central air, forced-air heating, and public sewer support everyday comfort.
Recent improvements include fresh interior paint, new main-level carpeting, a composition roof installed during the week of April 1, 2026, and kitchen appliances added in August 2026. The property also includes a whole-house RainSoft water treatment system, sprinkler system, open parking, washer and dryer, and a 10-foot-diameter, 6-foot-high dog run. Located in Loveland, the property has cable availability and R2 zoning.
Recent improvements include fresh interior paint, new main-level carpeting, a composition roof installed during the week of April 1, 2026, and kitchen appliances added in August 2026. The property also includes a whole-house RainSoft water treatment system, sprinkler system, open parking, washer and dryer, and a 10-foot-diameter, 6-foot-high dog run. Located in Loveland, the property has cable availability and R2 zoning.
Key Highlights
- Five‑bedroom layout with 3 bedrooms upstairs and 2 in the finished basement
- 3,196 square feet on a 0.14‑acre lot
- Finished basement includes additional living space and storage
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
$32,896
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
6.93%
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%
$657,920
$657.9K
Cap Rate 7%
$469,943
$469.9K
Cap Rate 9%
$365,511
$365.5K
Market Conditions
NOI Build-Up for 3,196 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
$49.1K $15.36/SF
− Vacancy
−$2.1K −$0.66/SF
EGI
$47.0K $14.70/SF
− OpEx
−$14.1K −$4.41/SF
NOI
$32.9K $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%
$657,920
Cap Rate 7%
$469,943
Cap Rate 9%
$365,511
Alternative Uses
Best Use
Multifamily LT 5
$469.9K
$411.2K – $548.3K
NOI $32,896 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$857.9K
$750.6K – $1.00M
NOI $60,050 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
182
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned duplex with flexible living areas, an enclosed sunroom, and recent interior and exterior updates.
Where is this duplex located?
The property is located at 2615 Anemonie Dr Loveland, CO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Five‑bedroom layout with 3 bedrooms upstairs and 2 in the finished basement; 3,196 square feet on a 0.14‑acre lot; Finished basement includes additional living space and storage
