Remodeled Duplex with Hail-Resistant
3738 Roosevelt Ave Wellington, CO 80549
3738 Roosevelt Ave, Wellington, CO, 80549
$495,000
For Sale
$495,000
MULTI_FAMILY - Contemporary - Wellington, CO
Property Size1,904 SF
Lot Size0.15 Acres
Price / SF$259.98
Days on Market48
Property Features for 3738 Roosevelt Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Basement, Bedroom 4
- Parking
- 4
- Window features
- Window Coverings
- Interior features
- Eat-in Kitchen, Walk-In Closet(s)
- Fencing
- Fenced
- Basement
- Partially Finished, Full
- Appliances
- Electric Range, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- R1397613
- Size
- 1,904 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2509
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1935
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Contemporary
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 10:35 am Checked: Jul 21 at 5:06 am
MLS# 1061069
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 is a duplex that was moved to its current site and completely remodeled into two units. The rebuild process went “down to the studs,” with the home reconstructed as a contemporary two-unit configuration. Improvements include a new Class 4 hail-resistant roof and new exterior paint completed in 2025.
The duplex sits on a 0.15-acre lot and is zoned R4. It is located at 3738 Roosevelt Ave in Wellington, Colorado (80549), within Larimer County.
For buyers seeking a straightforward residential income setup, the asset is already configured as two separate units and has been maintained and owned by a construction company per the seller’s notes. The current operating history described is that the units have been consistently rented with virtually no deferred maintenance. With the major 2025 exterior and roof updates in place, the duplex may appeal to an owner-operator or investor looking for a two-unit property with recently refreshed exterior improvements.
The duplex sits on a 0.15-acre lot and is zoned R4. It is located at 3738 Roosevelt Ave in Wellington, Colorado (80549), within Larimer County.
For buyers seeking a straightforward residential income setup, the asset is already configured as two separate units and has been maintained and owned by a construction company per the seller’s notes. The current operating history described is that the units have been consistently rented with virtually no deferred maintenance. With the major 2025 exterior and roof updates in place, the duplex may appeal to an owner-operator or investor looking for a two-unit property with recently refreshed exterior improvements.
Key Highlights
- Complete remodel into two units, rebuilt essentially down to the studs
- New Class 4 hail‑resistant roof and exterior paint completed in 2025
- Central air plus forced‑air and baseboard heating
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 | $29.2k | $15.36 |
| − Vacancy | −$1.2k | −$0.66 |
| EGI | $28.0k | $14.70 |
| − OpEx | −$8.4k | −$4.41 |
| NOI | $19.6k | $10.29 |
1,904 SF · lease $15.36/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.0K
$245.0K – $326.6K
NOI $19,598 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$258.9K
$226.5K – $302.0K
NOI $18,121 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$511.1K
$447.2K – $596.2K
NOI $35,774 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Completely rebuilt duplex offers two rental units with a new hail-resistant roof and fresh exterior paint from 2025.
Where is this duplex located?
The property is located at 3738 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: Complete remodel into two units, rebuilt essentially down to the studs; New Class 4 hail‑resistant roof and exterior paint completed in 2025; Central air plus forced‑air and baseboard heating
