Remodeled Triplex with Shared
407 E Corona Ave Wiggins, CO 80654
For Sale
$625,000
MULTI_FAMILY - Contemporary - Wiggins, CO
Property Size3,356 SF
Lot Size0.48 Acres
Price / SF$186.23
Days on Market105
Property Features for 407 E Corona Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residentia
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Basement, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 5
- Parking
- 9
- Window features
- Window Coverings
- Patio and Porch features
- Deck, Patio
- Exterior features
- Sprinkler System, Balcony
- Basement
- Partially Finished
- Appliances
- Electric Range, Gas Range, Dishwasher, Refrigerator, Microwave, Water Softener Owned
- Standard status
- Active
- APN
- 122311302001
- Size
- 3,356 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2923
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Contemporary
- Additional Structures
- Storage
Listing Agency:
LPT Realty, LLC.
(877) 366-2213
Listed By:
Amanda Robinson
(303) 912-4904
Added: Apr 13
Changed: Jul 20
Last Checked: Jul 26 at 3:06PM
MLS# 1056483
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 triplex includes three residential units: two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. One 2-bedroom unit and the 1-bedroom unit have been remodeled with fresh paint, updated kitchens with tile flooring, durable laminate flooring, and refreshed bathrooms. The remaining 2-bedroom unit is in original condition, offering an opportunity to renovate and modernize. A large shared deck off the two upper units provides an outdoor space for the occupants.
The property is located at 407 E Corona Ave in Wiggins, Colorado, within the North Ridge Addition area. Parking is abundant with six dedicated off-street spaces (two per unit), plus an oversized two-car garage. Dedicated tenant storage adds convenience. Exterior improvements include newly refreshed landscaping and fresh sod, along with an updated sprinkler system and mature trees.
As currently configured, the home is generating $5,175 per month in total rent for all three units combined, and that figure includes utilities. With two remodeled units and one unit already move-in ready, the property can suit an owner-occupant looking to live in the 1-bedroom unit, or an investor seeking a maintained triplex with a clear path to value-add on the remaining unit.
The property is located at 407 E Corona Ave in Wiggins, Colorado, within the North Ridge Addition area. Parking is abundant with six dedicated off-street spaces (two per unit), plus an oversized two-car garage. Dedicated tenant storage adds convenience. Exterior improvements include newly refreshed landscaping and fresh sod, along with an updated sprinkler system and mature trees.
As currently configured, the home is generating $5,175 per month in total rent for all three units combined, and that figure includes utilities. With two remodeled units and one unit already move-in ready, the property can suit an owner-occupant looking to live in the 1-bedroom unit, or an investor seeking a maintained triplex with a clear path to value-add on the remaining unit.
Key Highlights
- Income‑producing triplex with 3 units: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Combined current rent of $5,175/month includes utilities
- Two units feature updates including fresh paint, updated kitchens with tile flooring, refreshed bathrooms, and durable laminate flooring
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 | $51.5k | $15.36 |
| − Vacancy | −$3.4k | −$1.02 |
| EGI | $48.1k | $14.34 |
| − OpEx | −$14.4k | −$4.30 |
| NOI | $33.7k | $10.04 |
3,356 SF · lease $15.36/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.2K
$421.1K – $561.4K
NOI $33,684 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$432.6K
$378.5K – $504.7K
NOI $30,281 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$982.6K
$859.8K – $1.15M
NOI $68,785 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with two updated 2-bedroom/1-bath units, a move-in-ready 1-bedroom, and a large shared deck.
Where is this triplex located?
The property is located at 407 E Corona Ave Wiggins, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Income‑producing triplex with 3 units: two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Combined current rent of $5,175/month includes utilities; Two units feature updates including fresh paint, updated kitchens with tile flooring, refreshed bathrooms, and durable laminate flooring
