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REATHA BUTLER

reatha@reathabutler.com +1(719) 200-6940

$ 515,000

Est. payment -/mo

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Active

1839 11th AVE #1-3 Greeley, CO 80631

2,580 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,580 sqft

Price per Sqft $199

Subdivision Cranfords 1St Add

MLS Listing ID IR1059901

Style Cottage

HOA Y/N No

Year Built 1912

Annual Tax Amount $2,728

Tax Year 2025

Lot Size 6,580 Sqft

Acres 0.15

Property Sub-Type Triplex

Source recolorado

Property Description

Not your typical Greeley triplex. New sewer line incoming, active rental income in place, UNC-area location - and motivated sellers $50K below last year's ask.This is part of an active rental portfolio - tenants are already in place, income is already flowing. The sellers aren't moving out; they're moving on. And before they do, they're doing the work that protects the next owner.Here's what's actually happening: a brand-new sewer line is part of the deal - already in progress and set to be completed. On a 1912 building, that's the kind of infrastructure upgrade that separates a clean acquisition from a due-diligence surprise. The basement unit is also getting fresh new flooring, landing move-in-ready and positioned for strong market rents.Unit mix: a 4-bed/1-bath, a 3-bed/1-bath with basement access, and a 1-bed/1-bath. All three currently tenanted at $2,110, $1,115, and $925 per month - $4,150 in total monthly gross rent. Tenants pay their own gas, electricity, water, and sewer.Built on a 6,580 sq ft lot in Greeley's R-H corridor with ten off-street parking spaces. Full basement, partially finished, with solid utility access. Forced-air heat. Frame construction that's been standing since 1912.Walking distance to the University of Northern Colorado - one of the most consistent rental demand drivers in Northern Colorado, year after year, regardless of what the broader market is doing. Bike score of 76. Greeley Central is 0.6 miles down the road.Priced at $515,000. That's $50,000 below the 2025 ask. Annual taxes: $2,728. Cash, conventional, and 1031 exchange all work. Sellers are motivated and not playing games.Building and maintaining a portfolio? This one checks the boxes.

Location

State CO

County Weld

Zoning R-H

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace N

Appliance Disposal

Exterior

Utilities Available Electricity Available, Natural Gas Available

Roof Type Composition

Total Parking Spaces 10

Building

Lot Description Level

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame

Schools

Elementary Schools Maplewood

Middle Schools Heath

High Schools Greeley Central

School District Greeley 6

Others

Ownership Individual

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by eXp - Greeley

REATHA BUTLER

Broker | License ID: 100019486

+1(719) 200-6940 | reatha@reathabutler.com

REATHA BUTLER

1839 11th AVE #1-3 Greeley, CO 80631

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1839 11th AVE #1-3