Renovated
For Sale
Contact for pricing
3414 West 7th Street, Greeley, CO 80634
Four residential units offer updated interiors, in-unit laundry, and separately metered gas and electric service.
Property Size3,834 SF
Price / SF$286.91
Days on Market60
Property Features for 3414 West 7th Street
General Information
Standard status
Active
Size
3,834 SF
Class
A
Property subtype
Multifamily
Zoning
0600
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$58,500
Additional Details
Multifamily Units
4
Building Details
Year Built
1967
Year Renovated
2021
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Tracy Taylor Properties
Listed By:
Tracy Taylor · License #Co ii-100054724
(303) 883-4498
Source:
Crexi
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 26 at 6:12AM
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 Tracy Taylor Properties
Investment Insights
Based on property information with market context.
This 3,834-square-foot quadplex was extensively renovated in 2022 after a full interior reconstruction. Improvements include a new roof, updated mechanical systems, modern appliances, in-unit washer and dryer equipment, and new flooring. Built in 1967, the property contains four residential units and has minimal deferred maintenance noted in the listing information.
Utilities are separately metered, with residents paying their own gas and electric service. Ownership responsibilities primarily include water and sewer, property taxes, liability insurance, and routine maintenance. The property reports 100% stabilized income, and professional management is available to a purchaser.
The property is positioned in west Greeley with access to shopping, schools, parks, and major commuter routes.
Utilities are separately metered, with residents paying their own gas and electric service. Ownership responsibilities primarily include water and sewer, property taxes, liability insurance, and routine maintenance. The property reports 100% stabilized income, and professional management is available to a purchaser.
The property is positioned in west Greeley with access to shopping, schools, parks, and major commuter routes.
Key Highlights
- 3,834‑square‑foot quadplex with four residential units
- Extensive 2022 renovation included a new roof and updated mechanical systems
- Modern appliances, new flooring, and in‑unit washer and dryer equipment
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
$44,125
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
4.01%
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%
$882,500
$882.5K
Cap Rate 7%
$630,357
$630.4K
Cap Rate 9%
$490,278
$490.3K
Market Conditions
NOI Build-Up for 3,834 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
$66.7K $17.40/SF
− Vacancy
−$3.7K −$0.96/SF
EGI
$63.0K $16.44/SF
− OpEx
−$18.9K −$4.93/SF
NOI
$44.1K $11.51/SF
Area
Greeley, CO
Vacancy
5.51%
Lease Rate
$17.40 /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%
$882,500
Cap Rate 7%
$630,357
Cap Rate 9%
$490,278
Alternative Uses
Best Use
Multifamily LT 5
$630.4K
$551.6K – $735.4K
NOI $44,125 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$578.9K
$506.5K – $675.4K
NOI $40,522 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office B
$698.7K
$611.4K – $815.2K
NOI $48,912 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 80634, CO
65,980
Population
25,802
Households
2.6
Avg Household Size
36
Median Age
32%
College-Educated
90%
High-School Grad
38.3 sq mi
ZIP Area
1,723
Density / Sq Mi
$83,255
Median Household Income
$46,808
Median Earnings
$1,567
Median Rent
$405,300
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?
Quadplex - Four residential units offer updated interiors, in-unit laundry, and separately metered gas and electric service.
Where is this quadplex located?
The property is located at 3414 West 7th Street Greeley, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,834‑square‑foot quadplex with four residential units; Extensive 2022 renovation included a new roof and updated mechanical systems; Modern appliances, new flooring, and in‑unit washer and dryer equipment
