Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    351 E 2nd St Akron, CO 80720

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $260,000

    Professionally managed 5-unit property with modern updates and income potential.

    Type:Commercial
    Added:
    Apr 26, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 26 at 12:50 am

    Property Features for 351 E 2nd St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Mary Walter

    Listing agent Mary Walter License #40047505

    Listing office Cornerstone Brokers, LLC

    Listing date Apr 26, 2026

    Source Elliman

    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 Cornerstone Brokers, LLC

    Overview

    Turnkey 5-Plex with Recent Upgrades

    This professionally managed 5-plex is a turnkey addition to any portfolio. Each of the five units features a 1-bedroom, 1-bathroom layout with recent upgrades. Improvements include a brand-new roof, updated electrical with individual meters, new furnaces, fresh exterior and interior paint, new windows, updated flooring, and charming front decks. A newly added common laundry room enhances tenant convenience. Two additional rooms offer valuable storage or potential expansion to convert one unit into a spacious 2-bedroom. This income-producing property is ready to generate returns. The property is located in an area with a bike score of 42, indicating it is somewhat bikeable, and a walk score of 50, indicating it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Washington
    State
    Colorado
    Longitude
    -103.20933
    Latitude
    40.160251

    Nearby Similar for Sale

    • $177,500

      Remodeled Storefront in Akron, Colorado

      Remodeled storefront with reception, offices, and modern amenities.
      61 Main Ave, Akron, CO 80720
      View Details
    • $750,000
      6,240 SF

      Akron Automotive Business Opportunity

      Thriving auto shop with equipment and Napa Auto Parts sales.
      726 E 1st Street, Akron, CO 80720
      View Details
    • $260,000
      2,460 SF

      Turnkey Akron 5-Plex

      Professionally managed 5-unit property with recent upgrades in Akron, Colorado.
      351 E 2nd St, Akron, CO 80720
      View Details
    • $177,500

      Remodeled Storefront with Modern Features

      Remodeled storefront with reception, offices, new bathroom, and kitchen.
      61 Main Ave, Akron, CO 80720
      View Details
    • $239,000
      2,065 SF

      Akron Duplex with Additional Lot

      Duplex with two units and an additional lot included.
      602 E Fremont Ave, Akron, CO 80720
      View Details
    • $189,000
      1,000 SF

      Remodeled Storefront with Office Space

      Remodeled storefront featuring reception, offices, kitchen, and new amenities.
      61 Main Ave, Akron, CO 80720
      View Details

    FAQs

    What type of property is this?
    Apartment building - Professionally managed 5-unit property with modern updates and income potential.
    Where is this apartment building located?
    The property is located at 351 E 2nd St Akron, CO.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Turnkey 5‑plex: Ready to generate income.; Recent upgrades: New roof, electrical, furnaces, paint, windows, and flooring.; Individual electrical meters: Simplifies utility management.
    (970) 768-6839
    We can help!
    Listing Contact
    Mary Walter
    Real Estate License ID: 40047505
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!