Fourplex with Deeded
3234 1/2 White Avenue #2 3 & 4, Clifton, CO 81520
For Sale
New
$495,000
Three apartments are offered individually or together, each with a fenced backyard.
Property Size3,072 SF
Price / SF$161.13
Days on Market1
Property Features for 3234 1/2 White Avenue #2 3 & 4
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fenced backyard
Pantry
Window Treatments
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
MOUNTAIN VALLEY REAL ESTATE
Listed By:
Micah Fritzel
(970) 261-1150
Source:
Chesnickrealtyllc
Added: Nov 6
Last Checked: Nov 6 at 1:39AM
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 MOUNTAIN VALLEY REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Three of the four separately deeded apartments in this 3,072-square-foot multifamily property are available for purchase, individually or as a group. Each apartment has two bedrooms, one bathroom, and a fenced backyard. Units 3 and 4 received interior and exterior updates in 2024; exterior painting also covered Unit 2.
The property was built in 1981 and is zoned RMF-8. The owner currently manages the HOA for utilities, and pets are allowed.
The property was built in 1981 and is zoned RMF-8. The owner currently manages the HOA for utilities, and pets are allowed.
Key Highlights
- Three of four separately deeded units are available, individually or together
- 3,072‑square‑foot multifamily property built in 1981
- Each unit has 2 bedrooms, 1 bathroom, and a fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,056
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,120
$561.1K
Cap Rate 7%
$400,800
$400.8K
Cap Rate 9%
$311,733
$311.7K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$55.3K $18.00/SF
− Vacancy
−$4.3K −$1.40/SF
EGI
$51.0K $16.61/SF
− OpEx
−$23.0K −$7.47/SF
NOI
$28.1K $9.13/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,120
Cap Rate 7%
$400,800
Cap Rate 9%
$311,733
Alternative Uses
Best Use
Apartment 5plus
$400.8K
$350.7K – $467.6K
NOI $28,056 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.83M
$5.10M – $6.80M
NOI $408,084 @ 7.0% cap · market cap 82.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 81520, CO
14,042
Population
5,411
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
81%
High-School Grad
20.5 sq mi
ZIP Area
685
Density / Sq Mi
$50,769
Median Household Income
$34,375
Median Earnings
$1,013
Median Rent
$228,000
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Mesa County, CO
Properties on Market for Multifamily properties in Mesa County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three apartments are offered individually or together, each with a fenced backyard.
Where is this multifamily property located?
The property is located at 3234 1/2 White Avenue #2 3 & 4 Clifton, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three of four separately deeded units are available, individually or together; 3,072‑square‑foot multifamily property built in 1981; Each unit has 2 bedrooms, 1 bathroom, and a fenced backyard
