Remodeled Two-Unit Residential
3736 Roosevelt Ave Wellington, CO 80549
3736 Roosevelt Ave, Wellington, CO, 80549
$495,000
For Sale
$495,000
MULTI_FAMILY - Contemporary - Wellington, CO
Property Size1,944 SF
Lot Size0.15 Acres
Price / SF$254.63
Days on Market48
Property Features for 3736 Roosevelt Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bedroom 4
- Parking
- 4
- Window features
- Window Coverings
- Interior features
- Eat-in Kitchen, Walk-In Closet(s)
- Basement
- Partially Finished, Full
- Appliances
- Electric Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- R1397605
- Size
- 1,944 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2773
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Contemporary
- Additional Structures
- Storage
Listing Agency
RE/MAX Alliance-FTC South
(970) 226-3990
4703-A Boardwalk Dr, CO
Listed by
Will Harper
(970) 222-2890
Added: Jun 4 Updated: Jul 7 at 10:34 am Checked: Jul 21 at 5:06 am
MLS# 1060972
Listing URL
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 property has been completely remodeled into two separate units after being moved to its current location. The work was performed basically down to the studs and rebuilt, resulting in a residential income configuration designed for two occupants or tenants. In 2025, the home received a new Class 4 hail-resistant roof and new exterior paint.
The site is located at 3736 Roosevelt Ave in Wellington, Colorado, in Larimer County. The property is zoned R4 and sits on a 0.15-acre lot.
For buyers seeking a small multifamily option, the current two-unit setup provides straightforward residential income use within an R4 zoning framework. The recent roof and exterior refresh from 2025, combined with the extensive rebuild, support a practical path for an owner who wants a maintained two-unit structure without relying on deferred exterior work.
The site is located at 3736 Roosevelt Ave in Wellington, Colorado, in Larimer County. The property is zoned R4 and sits on a 0.15-acre lot.
For buyers seeking a small multifamily option, the current two-unit setup provides straightforward residential income use within an R4 zoning framework. The recent roof and exterior refresh from 2025, combined with the extensive rebuild, support a practical path for an owner who wants a maintained two-unit structure without relying on deferred exterior work.
Key Highlights
- Completely remodeled home rebuilt into two units, basically down to the studs
- New Class 4 hail‑resistant roof and exterior paint completed in 2025
- Two units feature eat‑in kitchen and walk‑in closets
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.9k | $15.36 |
| − Vacancy | −$1.3k | −$0.66 |
| EGI | $28.6k | $14.70 |
| − OpEx | −$8.6k | −$4.41 |
| NOI | $20.0k | $10.29 |
1,944 SF · lease $15.36/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.8K
$250.1K – $333.5K
NOI $20,009 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.4K
NOI $18,502 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$521.8K
$456.6K – $608.8K
NOI $36,526 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two fully rebuilt units in an R4 zoned residential income property, updated with a 2025 roof and exterior paint.
Where is this duplex located?
The property is located at 3736 Roosevelt Ave Wellington, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Completely remodeled home rebuilt into two units, basically down to the studs; New Class 4 hail‑resistant roof and exterior paint completed in 2025; Two units feature eat‑in kitchen and walk‑in closets
