Multifamily Community with Detached
For Sale
$3,840,000
719 16th St SW, Loveland, CO 80537
Stabilized 24-unit multifamily property featuring all two-bedroom residences and 24 detached garages in Loveland, Colorado.
Property Size29,268 SF
Days on Market101
Property Features for 719 16th St SW
General Information
Standard status
Active
Size
29,268 SF
Total Parking Spaces
24
Property subtype
Multifamily
Occupancy
95%
Financials
Cap Rate
6.77%
Business Included
Yes
Additional Details
Highway Access
Yes
Multifamily Units
24
Amenities
Offered at an attractive 6.77% in-place cap rate, providing immediate, stable income with limited operational risk.
The property delivers dependable in-place cash flow while providing investors the opportunity to increase income through continued rental growth as leases naturally roll.
All 24 apartments feature spacious two-bedroom layouts, appealing to families, roommates, and long-term workforce tenants while supporting strong occupancy and tenant retention.
A one-to-one garage ratio provides a highly desirable amenity that differentiates the property from competing apartment communities, enhances tenant satisfaction, and offers additional revenue potential.
Building Details
Building Size
29,268 SF
Units
24
Tenancy
Multi
Listing Agency:
Denver Office
Listed By:
David Bomgaars · License #License(s): CO: FA100104456
(303) 328-2069
Source:
Marcusmillichap
Added: Jul 17
Changed: Oct 23
Last Checked: Oct 24 at 1:24PM
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 Denver Office
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Investment Insights
Based on property information with market context.
715–719 16th Street SW is a stabilized 24-unit multifamily community consisting entirely of spacious two-bedroom residences. The property is complemented by 24 detached garages, providing parking and storage as part of the existing amenity package.
Ownership has completed significant capital improvements, positioning the asset for continuity in in-place operations with limited near-term capital expenditure requirements. The community is located just minutes from Highway 34, Downtown Loveland, and Centerra, with convenient access to major employers in the Northern Colorado region.
For buyers seeking a well-maintained income-producing multifamily asset, this property offers a consistent unit mix and a garage amenity that is specifically integrated into the community’s current configuration.
Ownership has completed significant capital improvements, positioning the asset for continuity in in-place operations with limited near-term capital expenditure requirements. The community is located just minutes from Highway 34, Downtown Loveland, and Centerra, with convenient access to major employers in the Northern Colorado region.
For buyers seeking a well-maintained income-producing multifamily asset, this property offers a consistent unit mix and a garage amenity that is specifically integrated into the community’s current configuration.
Key Highlights
- Stabilized 24‑unit multifamily community in Loveland, CO
- All residences are two‑bedroom units
- Includes 24 detached garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$278,559
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,571,180
$5.6M
Cap Rate 7%
$3,979,414
$4.0M
Cap Rate 9%
$3,095,100
$3.1M
Market Conditions
NOI Build-Up for 29,268 SF
Gross rent
$530.3K $18.12/SF
− Vacancy
−$23.9K −$0.82/SF
EGI
$506.5K $17.30/SF
− OpEx
−$227.9K −$7.79/SF
NOI
$278.6K $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%
$5,571,180
Cap Rate 7%
$3,979,414
Cap Rate 9%
$3,095,100
Alternative Uses
Best Use
Apartment 5plus
$3.98M
$3.48M – $4.64M
NOI $278,559 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.86M
$6.87M – $9.17M
NOI $549,920 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
24
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
561
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
Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 24-unit multifamily property featuring all two-bedroom residences and 24 detached garages in Loveland, Colorado.
Where is this apartment building located?
The property is located at 719 16th St 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, CO; All residences are two‑bedroom units; Includes 24 detached garages
