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    Remodeled Duplex with Hail-Resistant Roof Title is generated by Realmo AI

    3738 Roosevelt Ave, Wellington, CO 80549

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    For Sale
    $495,000

    MULTI_FAMILY - Contemporary - Wellington, CO

    Type:Single Family Residence
    Property size:
    1,904 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $259/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 3738 Roosevelt Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    R4
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Basement
    Parking
    4
    Window features
    Window Coverings
    Interior features
    Eat-in Kitchen, Walk-In Closet(s)
    Fencing
    Fenced
    Basement
    Full, Partially Finished
    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

    We can help!

    Listing Contact
    Will Harper

    Listing agent Will Harper

    Listing office RE/MAX Alliance-FTC South 4703-A Boardwalk Dr, CO

    Listing date Jun 4, 2026

    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.

    HighLights

    • Frame home built in 1935, remodeled into two units and rebuilt basically down to the studs
    • New Class 4 hail‑resistant roof and exterior paint completed in 2025
    • Central air conditioning plus forced‑air and baseboard heating
    • Appliances include electric range, dishwasher, refrigerator, washer, and dryer
    • Eat‑in kitchen with walk‑in closets
    • Utilities include natural gas available and public sewer; fenced property

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wellington
    County
    Larimer
    State
    Colorado
    Longitude
    -105.005763
    Latitude
    40.702416

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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: Frame home built in 1935, remodeled into two units and rebuilt basically down to the studs; New Class 4 hail‑resistant roof and exterior paint completed in 2025; Central air conditioning plus forced‑air and baseboard heating
    (970) 222-2890
    We can help!
    Listing Contact
    Will Harper
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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