Updated Multifamily Property with
For Sale
$1,250,000
446 E 4th St, Loveland, CO 80537
Five-unit multifamily asset combining an updated house, two duplex buildings, and flexible former office configurations.
Property Size4,210 SF
Price / SF$296.91
Days on Market58
Property Features for 446 E 4th St
General Information
Standard status
Active
Size
4,210 SF
Property subtype
Multi-Family
Zoning
DT
Additional Details
Multifamily Units
5
Building Details
Year Built
1905
Listing Agency:
Real Broker, LLC DBA Real
Listed By:
Nanci Garnand · License #40002714
(970) 227-1327
Source:
Thestrohmangroup
Added: Aug 19
Changed: Oct 15
Last Checked: Oct 7 at 5:48PM
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 Real Broker, LLC DBA Real
Investment Insights
Based on property information with market context.
This multifamily property includes five rental units across an updated house and two duplex buildings on one lot. The 1905 house has received kitchen, appliance, and electrical improvements. A detached garage provides two separate spaces, while the grounds include a grass yard. The duplex residences offer living areas, kitchens, bedrooms, full bathrooms, mudroom entries, and designated washer-and-dryer areas. One Washington Street duplex unit has wood flooring, while the other features carpeting.
Located at 446 E 4th St in Downtown Loveland, the property is within Downtown Zoning and several development incentive districts, including the Enterprise Zone, Downtown Urban Renewal Area, General Improvement District #1, Historic Loveland BID, and Loveland DDA. The house and the duplex along E. 4th Street have previously served as office space, providing documented configuration flexibility. The Civic Center, library, restaurants, shopping, and downtown events are located nearby. Water is billed back to tenants.
Located at 446 E 4th St in Downtown Loveland, the property is within Downtown Zoning and several development incentive districts, including the Enterprise Zone, Downtown Urban Renewal Area, General Improvement District #1, Historic Loveland BID, and Loveland DDA. The house and the duplex along E. 4th Street have previously served as office space, providing documented configuration flexibility. The Civic Center, library, restaurants, shopping, and downtown events are located nearby. Water is billed back to tenants.
Key Highlights
- Five rental units on one lot: an updated house plus two duplex buildings
- 1905 house with kitchen, appliance, and electrical improvements
- Detached garage with 2 separate spaces and a grass yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,333
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,660
$866.7K
Cap Rate 7%
$619,043
$619.0K
Cap Rate 9%
$481,478
$481.5K
Market Conditions
NOI Build-Up for 4,210 SF
Gross rent
$64.7K $15.36/SF
− Vacancy
−$2.8K −$0.66/SF
EGI
$61.9K $14.70/SF
− OpEx
−$18.6K −$4.41/SF
NOI
$43.3K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,660
Cap Rate 7%
$619,043
Cap Rate 9%
$481,478
Alternative Uses
Best Use
Multifamily LT 5
$619.0K
$541.7K – $722.2K
NOI $43,333 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$572.4K
$500.9K – $667.8K
NOI $40,069 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.13M
$988.8K – $1.32M
NOI $79,102 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,715
Businesses Nearby
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Five-unit multifamily asset combining an updated house, two duplex buildings, and flexible former office configurations.
Where is this multifamily property located?
The property is located at 446 E 4th St Loveland, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five rental units on one lot: an updated house plus two duplex buildings; 1905 house with kitchen, appliance, and electrical improvements; Detached garage with 2 separate spaces and a grass yard
