Renovated Eight-Unit Townhome
3035 17th Ave Longmont, CO 80503
3035 17th Ave, Longmont, CO, 80503
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For Sale
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Fully renovated eight-unit townhome building with private patios and in-unit laundry, featuring updated roofs, windows, HVAC, and water heaters.
Property Size6,912 SF
Lot Size0.27 Acres
Price / SF$287.91
Days on Market116
Property Features for 3035 17th Ave
General Information
- Standard status
- Active
- Size
- 6,912 SF
- Lot size
- 0.27 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1975
Listing agency
Kaufman Hagan Commercial Real Estate
(650) 740-9570
Listed by
Brandon Kaufman · License #FA100071442
Source
Crexi
Added: Mar 30 Updated: Jul 22 at 6:46AM Checked: Jul 22 at 6:46AM
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 Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully renovated eight-unit townhome property consists of two two-story buildings constructed of brick with pitched roofs. Recent capital improvements include new roofs, windows, exterior finishes, electrical panels, HVAC systems, and water heaters. Each unit has been entirely renovated with modern interiors, offers a private back patio, and includes in-unit laundry.
The property provides surface parking with 20 spaces and is served by individual utilities (water and sewer) with master electric/gas noted as individual. Zoning is listed as R-MF.
The asset is positioned as residential income housing with two buildings totaling eight units, offering a straightforward, low-complexity configuration for property management and leasing operations.
The property provides surface parking with 20 spaces and is served by individual utilities (water and sewer) with master electric/gas noted as individual. Zoning is listed as R-MF.
The asset is positioned as residential income housing with two buildings totaling eight units, offering a straightforward, low-complexity configuration for property management and leasing operations.
Key Highlights
- Fully renovated 8‑unit townhome building (2 buildings, 2 stories) built in 1975 in Boulder County
- Capital improvements include new roofs, windows, exterior finishes, electrical panels, HVAC systems, and water heaters
- Each unit features private back patios and in‑unit laundry
Local Financial Insights For Apartment 5plus
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 | $141.0k | $20.40 |
| − Vacancy | −$8.2k | −$1.18 |
| EGI | $132.8k | $19.22 |
| − OpEx | −$59.8k | −$8.65 |
| NOI | $73.1k | $10.57 |
6,912 SF · lease $20.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$913.2K – $1.22M
NOI $73,055 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.26M
$1.10M – $1.47M
NOI $88,180 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully renovated eight-unit townhome building with private patios and in-unit laundry, featuring updated roofs, windows, HVAC, and water heaters.
Where is this apartment building located?
The property is located at 3035 17th Ave Longmont, CO.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Fully renovated 8‑unit townhome building (2 buildings, 2 stories) built in 1975 in Boulder County; Capital improvements include new roofs, windows, exterior finishes, electrical panels, HVAC systems, and water heaters; Each unit features private back patios and in‑unit laundry
