Stabilized 24-Unit Apartment
For Sale
Contact for pricing
715-719 16th Street SW, Loveland, CO 80537
Stabilized 24-unit multifamily property with detached garages and all two-bedroom residences.
Property Size17,880 SF
Price / SF$214.77
Days on Market21
Property Features for 715-719 16th Street SW
General Information
Standard status
Active
Size
17,880 SF
Total Parking Spaces
24
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
24
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Charles Burkhart · License #FA100103787
Source:
Crexi
Added: Jul 16
Changed: Jul 23
Last Checked: Aug 4 at 7:34AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This stabilized 24-unit multifamily community at 715–719 16th Street SW consists entirely of two-bedroom residences. The property is complemented by 24 detached garages, providing an on-site parking amenity tied to each unit.
The location provides access to US-34 and Interstate 25, with nearby access to Downtown Loveland and Centerra. The remarks also note proximity to major employers and regional recreational opportunities, with the broader Fort Collins–Loveland MSA identified as a growing rental market.
With ownership having completed significant capital improvements, the property is positioned to operate with in-place cash flow while allowing for future rental growth opportunities. The asset is presented as a well-maintained income-producing offering.
The location provides access to US-34 and Interstate 25, with nearby access to Downtown Loveland and Centerra. The remarks also note proximity to major employers and regional recreational opportunities, with the broader Fort Collins–Loveland MSA identified as a growing rental market.
With ownership having completed significant capital improvements, the property is positioned to operate with in-place cash flow while allowing for future rental growth opportunities. The asset is presented as a well-maintained income-producing offering.
Key Highlights
- Stabilized 24‑unit multifamily community in Loveland with all units as 2‑bedroom residences
- 24 detached garages—an amenity package matched to this 24‑unit layout
- Year built: 1970
Financial Insights For Apartment 5plus
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 | $324.0k | $18.12 |
| − Vacancy | −$14.6k | −$0.82 |
| EGI | $309.4k | $17.30 |
| − OpEx | −$139.2k | −$7.79 |
| NOI | $170.2k | $9.52 |
17,880 SF · lease $18.12/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,173 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,949 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
448
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 24-unit multifamily property with detached garages and all two-bedroom residences.
Where is this apartment building located?
The property is located at 715-719 16th Street SW Loveland, CO.
What is the asking price?
The asking price for this property is $3,840,000.
What are key features of this property?
This property features: Stabilized 24‑unit multifamily community in Loveland with all units as 2‑bedroom residences; 24 detached garages—an amenity package matched to this 24‑unit layout; Year built: 1970
