629 Stover St Fort Collins, CO 80524
For Sale
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Investor / House Hack Opportunity in Old Town Fort Collins. Exceptional value-add opportunity near Old Town at 629 Stover St. Currently configured with three separate living spaces offering multiple paths for income generation, owner-occupancy, or future redevelopment. The property includes: Main residence: 2 bed / 2 bath approximately 1,200 SFRear unit: 1 bed / 1 bath approximately 700 SF Additional rear unit: 1 bed / 1 bath approximately 650 SF. The property is currently served by two utility meters with space available for a potential third meter. Seller has already begun exploring the process of converting the property into a conforming multifamily configuration but does not have the time to complete the process. According to seller discussions with contractors/city consultants, completing the process to establish a conforming duplex may require approximately $20,000 in improvements and city-related costs, including installation of a firewall separation between the main residence and rear living spaces.Ideal opportunity for: Owner-occupants seeking mortgage-offset potential Investors looking for value-add upside. Buyers interested in short-term rental income potential (buyer to verify local regulations and licensing requirements) Current configuration presents multiple possible strategies: Live in the front residence and utilize rear spaces for short-term rentals. Continue improvement process toward future multifamily potential subject to city approval. Strong upside potential with flexible use options in one of Fort Collins' most desirable central locations. Buyer to verify zoning, permitted uses, short-term rental regulations, square footage, occupancy classifications, and all future development potential with the City of Fort Collins. bikeScore: 100, Biker's Paradise walkScore: 74, Very Walkable transitScore: 42, Some Transit
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
