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Fourplex with Private Patios

3609 Butternut Dr, Loveland, CO 80538

For Sale
$760,000

Residential Income, Loveland, CO

Property Size887 SF
Lot Size0.31 Acres
Price / SF$856.82
Days on Market144

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)
Water source Public

Amenities

through-the-wall air conditioning
private patios
inviting porches
irrigated yard
mature shade trees
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 · License #100041810
Added: Jun 17 Changed: Nov 3 Last Checked: Nov 7 at 7:06AM
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.

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Investment Insights

Based on property information with market context.

This 1971 fourplex contains four units of 887 square feet each on a 0.31-acre parcel. Each residence has through-the-wall air conditioning and private outdoor space. The property also includes a coin-operated laundry room, irrigated yard, automatic sprinkler system, mature shade trees, porches, and deck or patio areas. Each unit has assigned driveway parking with room for two vehicles, and electric service is individually metered. Zoning is R3E.

Exterior paint was completed within the past year, and interior paint has been updated in the units over the past few years. Three units have updated flooring, including newer luxury vinyl plank flooring and/or carpet in units 3609, 3611, and 3613. One of the two 50-gallon water heaters was replaced within the past year. The property is in Loveland, near shopping and public transportation.

Key Highlights

  • Four units, each measuring 887 square feet, on a 0.31‑acre parcel
  • Built in 1971; zoned R3E
  • Separate electric meters for each unit

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Quadplexes in Larimer County, CO

$394 Jul
$348 Aug
$320 Sep
$344 Oct

Properties on Market for Quadplexes in Larimer County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four residences share coin-operated laundry, irrigated grounds, and assigned driveway parking for two vehicles apiece.
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: Four units, each measuring 887 square feet, on a 0.31‑acre parcel; Built in 1971; zoned R3E; Separate electric meters for each unit
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