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Fourplex with Sprinkler System
For Sale
$760,000

3609 Butternut Dr, Loveland, CO 80538

MULTI_FAMILY - Loveland, CO

Property Size887 SF
Lot Size0.31 Acres
Price / SF$856.82
Days on Market53

Property Features for 3609 Butternut Dr

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3E
Parking 8
Window features Window Coverings
Patio and Porch features Deck
Exterior features Sprinkler System
Appliances No Units Furnished, Electric Range, Dishwasher, Refrigerator, Disposal, Fire Alarm
Subdivision Sunset Acres
Lot features Level, Paved, Curbs, Gutters, Sidewalks
Elementary school Lincoln
Middle school Erwin, Lucile
High school Loveland
Elementary school district Thompson R2-J
Middle school district Thompson R2-J
High school district Thompson R2-J
Directions When heading south on North Garfield Ave (Or College) take a right onto West 37th, and a left onto Sheridan. Then take a left onto Butternut. Home will be on the left hand side.
Standard status Active
APN R0348821
Size 887 SF
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4875

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Baseboard
Cooling system Window Unit(s), Wall/Window Unit(s)

Amenities

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

Building Details

Year built 1971
Floors in Building 2
Number of units 144
Building materials Frame
Roof type Composition
Listing Agency: RE/MAX Alliance-Loveland · RE/MAX International
Listed By: Tara Moreno
Added: Jun 17 Changed: Aug 1 Last Checked: Aug 8 at 2:06PM
MLS# 1062281

Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fourplex offers four residential units with approximately 887 SF of living space each. Units are equipped with through-the-wall air conditioning, private outdoor spaces, and individually metered electric service paid directly by residents. A coin-operated laundry room adds convenience for tenants. Outdoor amenities include an irrigated yard with mature shade trees, an automatic sprinkler system, inviting porches, and private patios. Each unit has assigned driveway parking with space for two vehicles, supporting a comfortable residential feel.

The property sits on a 0.31-acre lot and was built in 1971. Exterior features include a sprinkler system, deck/patio elements, composition roofing, and frame construction. Heating is baseboard, with window and wall/window air conditioning.

Recent updates reflect consistent maintenance, including exterior paint completed within the last year, interior paint updates throughout the units within the past few years, updated flooring in three of the four units, and replacement of one of the two 50-gallon water heaters within the last year.

Key Highlights

  • Fourplex with 4 units, each approximately 887 SF
  • 0.31‑acre lot zoned R3E
  • Automatic sprinkler system plus irrigated yard and mature shade trees

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,015
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Well-maintained fourplex zoned R3E with coin-operated laundry, sprinkler system, and individually metered electric services.
Where is this quadplex located?
The property is located at 3609 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: Fourplex with 4 units, each approximately 887 SF; 0.31‑acre lot zoned R3E; Automatic sprinkler system plus irrigated yard and mature shade trees
More about this property
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