Corner Lot Duplex with
For Sale
$465,000
Pending
914-916 Red Fir Place, Loveland, CO 80538
Duplex offers two-bedroom units with garages, separate meters, and outdoor space including sunroom and private deck.
Property Size1,800 SF
Days on Market160
Property Features for 914-916 Red Fir Place
General Information
Standard status
Pending
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,150
Amenities
eat-in kitchen
hardwood-style flooring
laundry room
private deck
sunroom/patio
fenced backyard
powered shed
storage sheds
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
Real Broker, LLC DBA Real
(720) 807-2890
Listed By:
Nanci Garnand · License #40002714
(970) 227-1327
Source:
Exitrealty
Added: May 21
Changed: Oct 25
Last Checked: Sep 30 at 11:39AM
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 Real Broker, LLC DBA Real
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex on a corner lot features two separate units, each with 2 bedrooms and 1 full bathroom. Both units include an eat-in kitchen and hardwood-style flooring, with room for laundry and an attached 1-car garage. Each side also has its own storage, and the property includes a large fenced backyard.
The east unit opens to a private deck, while the west unit has a sunroom/patio. Units have separate meters for independent utility billing. The backyard includes a producing peach tree, a large powered shed, and three additional storage sheds suitable for storing outdoor equipment.
A practical option for owner-occupants or investors, the layout supports living in one side and leasing the other while maintaining separate spaces, meters, and storage for each unit.
The east unit opens to a private deck, while the west unit has a sunroom/patio. Units have separate meters for independent utility billing. The backyard includes a producing peach tree, a large powered shed, and three additional storage sheds suitable for storing outdoor equipment.
A practical option for owner-occupants or investors, the layout supports living in one side and leasing the other while maintaining separate spaces, meters, and storage for each unit.
Key Highlights
- Duplex built in 1978 with two 2‑bedroom, 1‑bath units, each with approximately 900 SF
- Each unit features an eat‑in kitchen, laundry room space, hardwood‑style flooring, and an attached 1‑car garage
- Separate utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,527
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,540
$370.5K
Cap Rate 7%
$264,671
$264.7K
Cap Rate 9%
$205,856
$205.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.6K $15.36/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$26.5K $14.70/SF
− OpEx
−$7.9K −$4.41/SF
NOI
$18.5K $10.29/SF
Area
Larimer County, CO
Vacancy
4.27%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,540
Cap Rate 7%
$264,671
Cap Rate 9%
$205,856
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.6K – $308.8K
NOI $18,527 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$244.7K
$214.2K – $285.5K
NOI $17,132 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$483.1K
$422.8K – $563.7K
NOI $33,820 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 80538, CO
49,084
Population
21,923
Households
2.2
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
480
Density / Sq Mi
$85,057
Median Household Income
$49,074
Median Earnings
$1,730
Median Rent
$472,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two-bedroom units with garages, separate meters, and outdoor space including sunroom and private deck.
Where is this duplex located?
The property is located at 914-916 Red Fir Place Loveland, CO.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Duplex built in 1978 with two 2‑bedroom, 1‑bath units, each with approximately 900 SF; Each unit features an eat‑in kitchen, laundry room space, hardwood‑style flooring, and an attached 1‑car garage; Separate utility meters for each unit
