5-Unit Apartment
For Sale
$569,000
905 S 2nd Avenue, Sterling, CO 80751
Five 1-bed, 1-bath units with private patios, in-unit laundry, and recent updates, fully leased through June 30, 2026.
Property Size3,006 SF
Price / SF$189.29
Days on Market336
Property Features for 905 S 2nd Avenue
General Information
Standard status
Active
Size
3,006 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$1,265
Building Details
Year Built
1959
Tenancy
Multi
Listing Agency:
Mountain East Real Estate
(303) 828-2800
Listed By:
Deborah Kleppe · License #100018113
(303) 828-2800
Source:
Exitrealty
Added: Sep 9, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:51AM
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 Mountain East Real Estate
Investment Insights
Based on property information with market context.
The Patio Apartments is a well-kept 5-unit multifamily property configured as a fourplex plus a single unit. Each apartment features one bedroom and one bathroom, with a kitchen, living room, laundry area, and a private patio. Recent improvements include new exterior paint and landscaping, new perimeter fencing, and LED lighting added inside two updated units and throughout exterior areas. All apartments have in-unit washer/dryers, and some units include new electric cook tops. Two units were recently refreshed with new paint and lighting, and the property also provides five exterior storage units available for tenant rental.
The property offers ample public parking directly in front for tenants and guests. It is currently fully leased through June 30, 2026, with long-term residents including one tenant who has lived at the property for over 20 years.
For investors or operators seeking a turn-ready residential income asset, this property’s unit layout and in-unit laundry support day-to-day leasing and tenant satisfaction. The tenancy is described as supported by local employment and nearby demand factors, including Sterling Correctional Facility, along with broader community amenities in Sterling, Colorado. The Patio Apartments presents a straightforward ownership profile with a clear unit mix and recent capital updates already in place.
The property offers ample public parking directly in front for tenants and guests. It is currently fully leased through June 30, 2026, with long-term residents including one tenant who has lived at the property for over 20 years.
For investors or operators seeking a turn-ready residential income asset, this property’s unit layout and in-unit laundry support day-to-day leasing and tenant satisfaction. The tenancy is described as supported by local employment and nearby demand factors, including Sterling Correctional Facility, along with broader community amenities in Sterling, Colorado. The Patio Apartments presents a straightforward ownership profile with a clear unit mix and recent capital updates already in place.
Key Highlights
- 5‑unit multifamily property at 905 S 2nd Ave, Sterling, CO (built 1959).
- All units are 1 bed / 1 bath with kitchen, living room, laundry, and a private patio.
- Fully leased through June 30, 2026, with reliable long‑term tenants.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Explore this area
Business Placement
Demographics for 80751, CO
17,702
Population
6,864
Households
2.6
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
475.8 sq mi
ZIP Area
37
Density / Sq Mi
$49,221
Median Household Income
$32,814
Median Earnings
$1,033
Median Rent
$232,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five 1-bed, 1-bath units with private patios, in-unit laundry, and recent updates, fully leased through June 30, 2026.
Where is this apartment building located?
The property is located at 905 S 2nd Avenue Sterling, CO.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 5‑unit multifamily property at 905 S 2nd Ave, Sterling, CO (built 1959).; All units are 1 bed / 1 bath with kitchen, living room, laundry, and a private patio.; Fully leased through June 30, 2026, with reliable long‑term tenants.
