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Sold on 09/14/2021

218 E 5th Ave, Frederick, CO 80530

  • $300,000

    Last sold 09/14/2021 after 132 Days

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    bed

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    bath

Multi-family not for sale
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About 218 E 5th Ave

Property type Multi-family
Year built 1922
HOA fee $0/month
Lot size 6,098 Sqft
Rental estimate
Property description
A nice little 1124 sq ft building on a 6250 sq ft commercial lot. Currently houses Bold Brokers real estate company with a lease until July 31, 2021 at $925/mo. Tenant pays all utilities. Owner pays taxes and insurance. Two new restaurants opened next door to the West. Could be stand alone business or scraped to rebuild a larger commercial space. Sheds in back included. Lot runs from 5th Street to the alley. Priced at appraised value in February of $355,000. Used potential rent of $1500/mo in the example.
Listed by
Listing Agent - Tom Fowler
Listing Agent Contact: 3034495000
Listing Office - Coldwell Banker Res-CanyonBlvd
Source: IRESMLS mls logo
MLS#939420 • last updated 7 months ago
Movoto checked IRESMLS for data 5 minutes ago
Overview
Heating Forced Air
Levels/Style One
MLS # 939420
Type Residential Income
Status Sold
Lot Size (Acres) 0.14
Annual Tax 3975
Interior
Basement Unfinished
Exterior
Roof Composition
Construction Frame
Lot Features City Limits, Paved, Sidewalks
Other Structures Storage
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available
Sewer/ Septic Public Sewer
Water Source City
Appliances Fire Alarm
Location
County Weld
Subdivision Frederick Town
Middle School Frederick
High School District ST Vrain Dist RE 1J
APN R5554386
Directions East On Highway 52 From I25. Left On Colorado Blvd And Then Right On 5th St. It Will Be On The Right Hand Side.
Multifamily Details
Tenant Pays Deposit, Gas, Electricity, Water, Sewer, Interior Maintenance
Total # of Units 1
Cap Rate 2.94
Operating Expense 7375
Income Includes Lease/Rents
Gross Income 17820
Lot/ Land Details
Possible Use Commercial, Industrial
Road Frontage City Street
Road Surface Asphalt
Rental est.: $3,040/month
Gross rent multiplier: 9.7 - Good
  • Sep 2021
    mls logo MLS # IR939420
  • Sep 14, 2021 Sold
    $300,000
  • Jul 27, 2021 Active
    —
  • May 5, 2021 Listed
    $365,000
  • Sep 2021
    mls logo MLS # 939420
  • Sep 14, 2021 Sold
    $300,000 (-15.5%)
  • May 15, 2021 Price Change
    $355,000 (-2.7%)
  • May 5, 2021 Listed
    $365,000
  • 218 E 5th Ave
    $300K
  • —
  • 80530
    $529K 0% y/y
  • Frederick
    $530K 0% y/y
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Statistics calculated by Movoto

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3/10
Thunder Valley PK-8
public Grades PK, K-8
St Vrain Valley Re 1j School District
Source: GreatSchools.org © 2026. All rights reserved.

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