Triplex with Central
New
For Sale
$900,000
629 Stover St, Fort Collins, CO 80524
Residential Income, Fort Collins, CO
Property Size2,200 SF
Lot Size0.31 Acres
Price / SF$409.09
Days on Market5
Property Features for 629 Stover St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
NCM
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Basement
Window features
Window Coverings
Fencing
Fenced
Basement
Partial
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances, Disposal, Fire Alarm
Subdivision
Ftc
Lot features
Paved
Elementary school
Laurel
Middle school
Lesher
High school
Ft Collins
Elementary school district
Poudre
Middle school district
Poudre
High school district
Poudre
Standard status
Active
APN
R0049441
Size
2,200 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4433
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s), Ductless
Building Details
Year built
1936
Floors in Building
1
Number of units
3
Building materials
Frame
Roof type
Composition
Listing Agency:
C3 Real Estate Solutions, LLC
(970) 225-5152
Listed By:
Ryan Embry
(970) 286-4640
Added: Sep 18
Last Checked: Sep 22 at 10:06PM
MLS# 1069063
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 three-unit multifamily property contains 2,200 square feet on a 0.31-acre lot and was built in 1936. The improvements include frame construction, a composition roof, a basement, fencing, and natural gas availability. Central air, ceiling fans, ductless cooling, and forced-air heating serve the property. The appliance package includes electric ranges, dishwashers, refrigerators, microwaves, disposals, washers, and dryers, along with fire alarms.
Located at 629 Stover St in Fort Collins, the property is near Downtown Fort Collins, Colorado State University, restaurants, shopping, entertainment, parks, and major transportation routes. The property is identified as NCM zoning and includes three separate residential units, supporting multifamily ownership and rental use.
Located at 629 Stover St in Fort Collins, the property is near Downtown Fort Collins, Colorado State University, restaurants, shopping, entertainment, parks, and major transportation routes. The property is identified as NCM zoning and includes three separate residential units, supporting multifamily ownership and rental use.
Key Highlights
- Three separate residential units
- 2,200 square feet on a 0.31‑acre lot
- NCM zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,432
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,640
$588.6K
Cap Rate 7%
$420,457
$420.5K
Cap Rate 9%
$327,022
$327.0K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$44.4K $20.16/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$42.0K $19.11/SF
− OpEx
−$12.6K −$5.73/SF
NOI
$29.4K $13.38/SF
Area
Fort Collins, CO
Vacancy
5.20%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,640
Cap Rate 7%
$420,457
Cap Rate 9%
$327,022
Alternative Uses
Best Use
Multifamily LT 5
$420.5K
$367.9K – $490.5K
NOI $29,432 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$390.2K
$341.4K – $455.2K
NOI $27,312 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$572.9K
$501.3K – $668.4K
NOI $40,102 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 80524, CO
39,030
Population
17,548
Households
2.2
Avg Household Size
37
Median Age
52%
College-Educated
94%
High-School Grad
122.7 sq mi
ZIP Area
318
Density / Sq Mi
$84,440
Median Household Income
$45,046
Median Earnings
$1,623
Median Rent
$527,700
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?
Triplex - Three-unit multifamily property with fenced grounds, natural gas availability, and a mix of central, ceiling-fan, and ductless cooling.
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 $900,000.
What are key features of this property?
This property features: Three separate residential units; 2,200 square feet on a 0.31‑acre lot; NCM zoning
