Triplex with Value-Add Conversion
629 Stover St Fort Collins, CO 80524
629 Stover St, Fort Collins, CO, 80524
$999,000
For Sale
$999,000
MULTI_FAMILY - Fort Collins, CO
Property Size2,772 SF
Lot Size0.31 Acres
Price / SF$360.39
Days on Market48
Property Features for 629 Stover St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NCM
- Bedrooms
- 7
- Bathrooms
- 7
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 7, Basement, Bathroom 6, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 5
- Parking
- 5
- Parking features
- Carport
- Basement
- Partial
- Appliances
- Electric Range, Refrigerator, Microwave, Disposal, Fire Alarm
- Standard status
- Active
- APN
- R0049441
- Size
- 2,772 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4433
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
Building Details
- Year built
- 1936
- Floors in Building
- 1
- Number of units
- 6
- Building materials
- Frame
- Roof type
- Composition
Listing Agency
C3 Real Estate Solutions, LLC
(970) 225-5152
2720 Council Tree Ave, #178, Fort Collins, CO
Listed by
Ryan Embry
(970) 286-4640
Added: Jun 2 Checked: Jul 19 at 10:06 pm
MLS# 1060667
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.
Investment Insights
Based on property information with market context.
This triplex at 629 Stover St is currently configured with three separate living spaces. The main residence is a 2 bed/2 bath approximately 1,200 SF. There is also a rear 1 bed/1 bath approximately 700 SF unit, along with an additional rear 1 bed/1 bath approximately 650 SF unit. The property is served by two utility meters, and there is space available for a potential third meter. Seller has already begun exploring conversion steps with the goal of establishing a conforming multifamily configuration.
The seller notes that, based on discussions with contractors and city consultants, completion of a conforming duplex process may require approximately $20,000 in improvements and city-related costs. One item discussed is installation of a firewall separation between the main residence and rear living spaces. Zoning is listed as NCM. The buyer will need to verify zoning, permitted uses, and any short-term rental regulations, including licensing requirements, occupancy classifications, and future development potential with the City of Fort Collins.
For tenants, owner-occupants, or investors, the current layout provides multiple operating strategies depending on approvals. Options discussed include living in the front residence while using the rear spaces for income, or continuing the conversion process toward a conforming multifamily configuration subject to city approval. Buyers should review local requirements to confirm which approaches are supportable for their intended use.
The seller notes that, based on discussions with contractors and city consultants, completion of a conforming duplex process may require approximately $20,000 in improvements and city-related costs. One item discussed is installation of a firewall separation between the main residence and rear living spaces. Zoning is listed as NCM. The buyer will need to verify zoning, permitted uses, and any short-term rental regulations, including licensing requirements, occupancy classifications, and future development potential with the City of Fort Collins.
For tenants, owner-occupants, or investors, the current layout provides multiple operating strategies depending on approvals. Options discussed include living in the front residence while using the rear spaces for income, or continuing the conversion process toward a conforming multifamily configuration subject to city approval. Buyers should review local requirements to confirm which approaches are supportable for their intended use.
Key Highlights
- Value‑add investor/house‑hack setup at 629 Stover St in Old Town Fort Collins with three separate living spaces
- Main residence: 2 bed/2 bath approximately 1,200 SF (frame construction; forced air heat; composition roof)
- Rear unit options include a 1 bed/1 bath approximately 700 SF and an additional 1 bed/1 bath approximately 650 SF
Local 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 | $55.9k | $20.16 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $53.0k | $19.11 |
| − OpEx | −$15.9k | −$5.73 |
| NOI | $37.1k | $13.38 |
2,772 SF · lease $20.16/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.8K
$463.6K – $618.1K
NOI $37,084 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$491.6K
$430.2K – $573.6K
NOI $34,413 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$721.8K
$631.6K – $842.1K
NOI $50,528 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate residences with two utility meters and space for a potential third, plus an in-progress conforming multifamily conversion.
Where is this triplex located?
The property is located at 629 Stover St Fort Collins, CO.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Value‑add investor/house‑hack setup at 629 Stover St in Old Town Fort Collins with three separate living spaces; Main residence: 2 bed/2 bath approximately 1,200 SF (frame construction; forced air heat; composition roof); Rear unit options include a 1 bed/1 bath approximately 700 SF and an additional 1 bed/1 bath approximately 650 SF
