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Renovated Multifamily Property with Income
For Sale
$949,000

401 11th Ave, Greeley, CO 80631

Seven-unit multifamily property with renovated apartments and houses.

Property SizeContact for details
Lot Size0.41 Acres
Days on Market174

Property Features for 401 11th Ave

General Information

Standard status Active
Lot size 0.41 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $4,739

Building Details

Year Built 1930
Units 7
Listing Agency: Pro Realty Inc
Listed By: Brandon Jasper
Source: Elliman
Added: Mar 11 Changed: Aug 13 Last Checked: Aug 30 at 3:24PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pro Realty Inc

Investment Insights

Based on property information with market context.

This multifamily property features a total of seven units, including a five-unit apartment building and two houses. All units have been fully renovated, with updates including new kitchens, baths, flooring, paint, fixtures, windows, and roofs. The apartment building contains three one-bedroom units, one two-bedroom unit, and one three-bedroom unit. One of the houses has three bedrooms, while the other is a studio. A new coin-operated laundry is available for additional income. The three-bedroom house has separate utility meters for gas and electric, which are paid by the tenant. Utilities for the other units are currently paid by the landlord. The property was recently appraised for $1.1M. Rent table shows current lease rates on some long-term leases; "Potential Rental Income" assumes current market rates, but buyer to verify.

Key Highlights

  • Recently appraised for $1.1M.
  • Completely renovated 7‑unit multifamily property.**
  • All units fully renovated with new kitchens, baths, flooring, paint, fixtures, windows, and roofs.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Skin Care Clinic Computer & Electronic Repair Fish Market Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,078
Businesses Nearby

Demographics for 80631, CO

52,336
Population
18,871
Households
2.8
Avg Household Size
29
Median Age
18%
College-Educated
73%
High-School Grad
103.6 sq mi
ZIP Area
505
Density / Sq Mi
$52,470
Median Household Income
$33,062
Median Earnings
$1,209
Median Rent
$300,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-unit multifamily property with renovated apartments and houses.
Where is this apartment building located?
The property is located at 401 11th Ave Greeley, CO.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Recently appraised for $1.1M.; Completely renovated 7‑unit multifamily property.**; All units fully renovated with new kitchens, baths, flooring, paint, fixtures, windows, and roofs.
More about this property
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