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Evans, CO 80620 Evans, CO 80620

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For Sale
$780,000

Six-unit multifamily property in Evans, Colorado with value-add potential.

Type:Multifamily
Property size:
4,448 SF
Added:
Jan 27, 2026
Days on Market:
64
Last Refresh:
Mar 26 at 12:44 am

Property Features

General Information

Standard status
Active
Size
4,448 SF
Property subtype
Multifamily

Building Details

Year Built
1971

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Listing Contact
Greg Knott
Greg Knott

Listing agent Greg Knott License #FA.001312096

Listing office Unique Properties, Inc.

Listing date Jan 27, 2026

Source Tcnworldwide

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 Unique Properties, Inc.


Overview

Evans Multifamily Investment Opportunity

The property at 2947 Glendale Drive is a six-unit multifamily building in Evans, Colorado, featuring one 1-bedroom, 1-bathroom unit and five 2-bedroom, 1-bathroom units. The property has undergone several recent upgrades, including a new roof, new gutters, a new boiler, new exterior stairwells, and updated landscaping. Situated approximately 1 mile south of the University of Northern Colorado and less than a mile east of Greeley Mall, the location offers convenient access to local amenities. With an in-place cap rate of 7.04%, the property provides immediate returns. Further value-add opportunities exist through interior and exterior renovations, particularly by updating the five unrenovated units, which could potentially increase rents and drive returns to an approximate 9% cash-on-cash return. The building contains a total of 4,448 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Evans
County
Weld
State
Colorado
Longitude
-104.694
Latitude
40.391

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property in Evans, Colorado with value-add potential.
Where is this apartment building located?
The property is located at Evans, CO.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Value‑add opportunity with potential to increase cash‑on‑cash return to approximately 9% through interior and exterior renovations.; Solid in‑place cap rate of 7.04% offering immediate returns.; Recent upgrades including a new roof, new gutters, new boiler, and new exterior stairwells.
More about this property
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