24-Unit Apartment Building with
For Sale
$3,840,000
719-715 16th St Sw, Loveland, CO 80537
Two-bedroom residences feature detached garages and completed capital improvements in Loveland, Colorado.
Property Size17,880 SF
Price / SF$214.77
Days on Market97
Property Features for 719-715 16th St Sw
General Information
Standard status
Active
Size
17,880 SF
Total Parking Spaces
24
Property subtype
Residential Income
Units
Unit Mix
24 x 2BR
Multifamily Units
24
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$22,449
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
(303) 328-2000
Listed By:
Charles Burkhart · License #100103787
(214) 336-6064
Source:
Exprealty
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 26 at 9:57PM
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 Real Estate Investment Services of Atlanta, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 24-unit apartment community at 715-719 16th Street SW in Loveland, Colorado, contains an all-two-bedroom unit mix and 24 detached garages. The property measures 17,880 square feet, and completed capital improvements support its current multifamily configuration.
The community is positioned near US-34, Interstate 25, Downtown Loveland, Centerra, Boyd Lake State Park, Devil’s Backbone Open Space, and Northern Colorado employers. Residents also have access to the region’s trail system and the surrounding Fort Collins-Loveland area. The property is located in an established residential neighborhood within Northern Colorado’s rental market.
The community is positioned near US-34, Interstate 25, Downtown Loveland, Centerra, Boyd Lake State Park, Devil’s Backbone Open Space, and Northern Colorado employers. Residents also have access to the region’s trail system and the surrounding Fort Collins-Loveland area. The property is located in an established residential neighborhood within Northern Colorado’s rental market.
Key Highlights
- 24‑unit multifamily community with an all‑two‑bedroom unit mix
- 24 detached garages included with the apartment community
- 17,880‑square‑foot property at 715‑719 16th Street SW
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,173
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,403,460
$3.4M
Cap Rate 7%
$2,431,043
$2.4M
Cap Rate 9%
$1,890,811
$1.9M
Market Conditions
NOI Build-Up for 17,880 SF
Gross rent
$324.0K $18.12/SF
− Vacancy
−$14.6K −$0.82/SF
EGI
$309.4K $17.30/SF
− OpEx
−$139.2K −$7.79/SF
NOI
$170.2K $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%
$3,403,460
Cap Rate 7%
$2,431,043
Cap Rate 9%
$1,890,811
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.
How Realmo checks its estimates
Property Analytics
Lease Details
24
Residential units
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 - Two-bedroom residences feature detached garages and completed capital improvements in Loveland, Colorado.
Where is this apartment building located?
The property is located at 719-715 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: 24‑unit multifamily community with an all‑two‑bedroom unit mix; 24 detached garages included with the apartment community; 17,880‑square‑foot property at 715‑719 16th Street SW
