Longmont Four-Unit Investment
For Sale
$750,000
316 21st Ave, Longmont, CO 80501
Four spacious units with in-unit laundry and attached garages.
Property Size3,689 SF
Days on Market195
Property Features for 316 21st Ave
General Information
Standard status
Active
Size
3,689 SF
Property subtype
Multifamily
Occupancy
95%
Amenities
Four spacious 2-bed units with garages and in-unit laundry; below-market rents create strong potential for income growth and higher returns for investors.
Close to Horizon Park retail hub and major employers like Seagate and UCHealth; Longmont's thriving economy and limited new supply ensure long-term rental demand.
Fee-simple ownership in a stable market with strong rent growth; property offers clear value-add opportunities and attractive projected returns for savvy buyers.
Building Details
Building Size
3,689 SF
Units
4
Listing Agency:
Denver Office
Listed By:
David J. Bomgaars · License #License(s): CO: FA100104456
(303) 328-2069
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Jul 16 at 11:32AM
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 Denver Office
Investment Insights
Based on property information with market context.
The property at 316 21st Ave in Longmont, CO, presents a four-unit investment opportunity. It features four spacious 2-bedroom units, each equipped with in-unit washer and dryer and attached garages. The property is suitable for an owner-user or an investor seeking a long-term, value-add asset. Garage parking and below-market rents offer avenues for income growth. The location is near Horizon Park, a retail center anchored by King Soopers, with co-tenants such as Dollar Tree, Planet Fitness, and Big Lots, benefiting from local consumer traffic and convenience. Longmont’s labor market is supported by expanding sectors such as retail, advanced manufacturing, and professional services, and major employers including Seagate and UC Health, strengthening the property’s investment profile.
Key Highlights
- Four spacious 2‑bedroom units, each with in‑unit washer and dryer.
- Attached garages** for each unit.
- Value‑add opportunity with below‑market rents.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,957
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,140
$1.4M
Cap Rate 7%
$985,100
$985.1K
Cap Rate 9%
$766,189
$766.2K
Market Conditions
NOI Build-Up for 3,689 SF
Gross rent
$105.4K $28.56/SF
− Vacancy
−$6.8K −$1.86/SF
EGI
$98.5K $26.70/SF
− OpEx
−$29.6K −$8.01/SF
NOI
$69.0K $18.69/SF
Area
Boulder County, CO
Vacancy
6.50%
Lease Rate
$28.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,140
Cap Rate 7%
$985,100
Cap Rate 9%
$766,189
Alternative Uses
Best Use
Multifamily LT 5
$985.1K
$862.0K – $1.15M
NOI $68,957 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$917.4K
$802.7K – $1.07M
NOI $64,219 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$1.11M
$973.9K – $1.30M
NOI $77,912 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
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?
Quadplex - Four spacious units with in-unit laundry and attached garages.
Where is this quadplex located?
The property is located at 316 21st Ave Longmont, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four spacious 2‑bedroom units, each with **in‑unit washer and dryer**.; Attached garages** for each unit.; Value‑add opportunity with below‑market rents.
