Multifamily Apartment
For Sale
$1,250,000
604 - 606 E Eisenhower Blvd, Loveland, CO 80537
Thirteen-unit apartment property across three buildings on two parcels in Loveland, Colorado.
Property Size6,490 SF
Days on Market105
Property Features for 604 - 606 E Eisenhower Blvd
General Information
Standard status
Active
Size
6,490 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
13
Building Details
Building Size
6,490 SF
Year Built
1949
Listed By:
Phil Dankner · License #CO FA.100052493
(303) 931-0793
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 6
Last Checked: Oct 5 at 5:26PM
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 Phil Dankner
Investment Insights
Based on property information with market context.
The Valley Apartments is a 13-unit multifamily property spread across three buildings on two separate parcels. One parcel includes a converted office building with five units, consisting of four 1-bed/1-bath units and one studio unit. The second parcel includes eight units converted from a motel, featuring five 1-bed/1-bath units, one studio, one large 2-bed/1-bath unit, and one additional 1-bed/1-bath unit.
The property is centrally located at 604–606 E Eisenhower Blvd in Loveland, Colorado.
The property is centrally located at 604–606 E Eisenhower Blvd in Loveland, Colorado.
Key Highlights
- 13‑unit apartment property across three buildings in Loveland, Colorado
- Two‑parcel setup: includes a converted office building and a converted motel
- Converted office building has 5 units: four 1 bed/1 bath units and one studio unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,769
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,380
$1.2M
Cap Rate 7%
$882,414
$882.4K
Cap Rate 9%
$686,322
$686.3K
Market Conditions
NOI Build-Up for 6,490 SF
Gross rent
$117.6K $18.12/SF
− Vacancy
−$5.3K −$0.82/SF
EGI
$112.3K $17.30/SF
− OpEx
−$50.5K −$7.79/SF
NOI
$61.8K $9.52/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,380
Cap Rate 7%
$882,414
Cap Rate 9%
$686,322
Alternative Uses
Best Use
Apartment 5plus
$882.4K
$772.1K – $1.03M
NOI $61,769 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,941 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,182
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Apartment building - Thirteen-unit apartment property across three buildings on two parcels in Loveland, Colorado.
Where is this apartment building located?
The property is located at 604 - 606 E Eisenhower Blvd 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: 13‑unit apartment property across three buildings in Loveland, Colorado; Two‑parcel setup: includes a converted office building and a converted motel; Converted office building has 5 units: four 1 bed/1 bath units and one studio unit
