Renovated Triplex with
929 5th St, Greeley, CO 80631
For Sale
$350,000
Three-unit property with a private-entry lower-level residence, detached garage, and off-street parking.
Property Size2,470 SF
Lot Size0.22 Acres
Price / SF$141.70
Days on Market58
Property Features for 929 5th St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
Rocky Mountain Real Estate Inc
Listed By:
Carrie Hill · License CO #7861538
(303) 530-0132
Source:
Elliman
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 12 at 8:03AM
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 Rocky Mountain Real Estate Inc
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Investment Insights
Based on property information with market context.
Built in 1903, this renovated triplex contains three units and 2,470 finished square feet on a 9,500-square-foot corner lot in central Greeley. The main-floor residence offers two bedrooms, a full bathroom, hardwood floors, and original woodwork. The upper unit occupies the entire floor and includes one bedroom and one full bathroom. A one-bedroom, one-bath lower-level unit features tile flooring and a private entrance. Two units are leased through 2027, while the third is open for occupancy or leasing.
Recent property work includes a roof installed in 2025, replacement windows from 2024, and new furnaces in two units. Exterior features include a detached two-car garage, two off-street parking spaces, a patio, and a partially fenced yard. The property is located at 929 5th St in Greeley, with a Walk Score of 76 and Bike Score of 58. Buyer to verify intended uses and property information with the City of Greeley.
Recent property work includes a roof installed in 2025, replacement windows from 2024, and new furnaces in two units. Exterior features include a detached two-car garage, two off-street parking spaces, a patio, and a partially fenced yard. The property is located at 929 5th St in Greeley, with a Walk Score of 76 and Bike Score of 58. Buyer to verify intended uses and property information with the City of Greeley.
Key Highlights
- Three‑unit 1903 triplex with 2,470 finished square feet
- 9,500‑square‑foot level corner lot in central Greeley
- Two units leased through 2027; third unit is open
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,427
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,540
$568.5K
Cap Rate 7%
$406,100
$406.1K
Cap Rate 9%
$315,856
$315.9K
Market Conditions
NOI Build-Up for 2,470 SF
Gross rent
$43.0K $17.40/SF
− Vacancy
−$2.4K −$0.96/SF
EGI
$40.6K $16.44/SF
− OpEx
−$12.2K −$4.93/SF
NOI
$28.4K $11.51/SF
Area
Greeley, CO
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,540
Cap Rate 7%
$406,100
Cap Rate 9%
$315,856
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.8K
NOI $28,427 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$372.9K
$326.3K – $435.1K
NOI $26,106 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office B
$450.2K
$393.9K – $525.2K
NOI $31,511 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
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Business Placement
Demographics for 80631, CO
52,336
Population
18,871
Households
2.8
Avg Household Size
29
Median Age
18%
College-Educated
73%
High-School Grad
103.6 sq mi
ZIP Area
505
Density / Sq Mi
$52,470
Median Household Income
$33,062
Median Earnings
$1,209
Median Rent
$300,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with a private-entry lower-level residence, detached garage, and off-street parking.
Where is this triplex located?
The property is located at 929 5th St Greeley, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit 1903 triplex with 2,470 finished square feet; 9,500‑square‑foot level corner lot in central Greeley; Two units leased through 2027; third unit is open
