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Fourplex with Private Patios
For Sale
$760,000

3609-3615 Butternut Dr, Loveland, CO 80538

Individually metered electric service is paid directly by residents, with private outdoor areas and assigned parking.

Property SizeContact for details
Days on Market27

Property Features for 3609-3615 Butternut Dr

General Information

Standard status Active
Property subtype Multi-Family

Financials

Gross Income $65,280
Average Monthly Rent $1,360

Units

Multifamily Units 4
Parking per Unit 2

Additional Details

Public Transit Yes

Amenities

through-the-wall air conditioning
private outdoor spaces
large irrigated yard
mature shade trees
inviting porches
private patios
generous off-street parking
coin-operated laundry room

Building Details

Year Built 1971
Buildings 1
Listing Agency: RE/MAX Alliance-Loveland
Listed By: Tara Moreno
Source: Thestrohmangroup
Added: Aug 3 Changed: Aug 29 Last Checked: Aug 29 at 5:38PM

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 RE/MAX Alliance-Loveland

Investment Insights

Based on property information with market context.

This 1971 quadplex contains four residential units, each measuring approximately 887 square feet. Unit features include through-the-wall air conditioning, private outdoor areas, and individually metered electric service paid directly by residents. The property also provides a coin-operated laundry room, irrigated yard, mature shade trees, automatic sprinklers, porches, patios, and off-street parking with space for two vehicles per unit.

Located at 3609-3615 Butternut Dr in Loveland, Colorado, the property is near shopping and public transportation. Recent maintenance includes exterior painting completed within the last year, interior paint updates throughout the units within the past few years, newer flooring in three units, and replacement of one 50-gallon water heater within the last year.

Key Highlights

  • Four residential units, each approximately 887 sq ft
  • Individually metered electric service paid directly by tenants
  • Private patios, porches, irrigated yard, mature shade trees, and automatic sprinkler system

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Food Market Computer & Electronic Repair Home Appliance Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,305
Businesses Nearby

Demographics for 80538, CO

49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Individually metered electric service is paid directly by residents, with private outdoor areas and assigned parking.
Where is this quadplex located?
The property is located at 3609-3615 Butternut Dr Loveland, CO.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Four residential units, each approximately 887 sq ft; Individually metered electric service paid directly by tenants; Private patios, porches, irrigated yard, mature shade trees, and automatic sprinkler system
More about this property
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