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Sold on 08/17/2022
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1509 3rd Ave, Greeley, CO 80631

  • $1,226,000

    Last sold 08/17/2022 for $880K

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    bed

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    bath

Multi-family not for sale
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About 1509 3rd Ave

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Lot size 9,583 Sqft
Movoto estimate
Rental estimate
Property description
Very nice investment property! Eight-unit building, one bedroom one bath, four units upstairs and four units on the main level. Off street parking, fully occupied, quick easy access to Hwy 85 bypass. Upper-level units have ac window units, lower-level ac units are tenant owned. Six leases are month to month tenancies, one is up 5-31-22, and the other 1-31-23. Mineral rights included. Buyer should verify ALL measurements. T.R.I. Employing Broker is related to the Seller.
Listed by
Listing Agent - Andrew Martinez
Listing Agent Contact: 9703521025
Listing Office - T.R.I.
Source: IRESMLS mls logo
MLS#963193 • last updated 9 months ago
Movoto checked IRESMLS for data 8 minutes ago
Overview
Heating Radiant
Levels/Style Two
MLS # 963193
Type Residential Income
Status Sold
SubType Multi Family
Lot Size (Acres) 0.22
Annual Tax 5101.66
Interior
Basement None
Interior Features Separate Dining Room
Exterior
Roof Composition
Construction Brick
Exterior Features Sprinkler System, Balcony
Lot Features Deciduous Trees, City Limits, Paved, Curbs, Gutters, Sidewalks, Alley, Mineral Rights Included
Amenities / Utilities
Green Features: Energy Efficiency Doors
Utilities Natural Gas Available, Electricity Available
Sewer/ Septic Public Sewer
Electricity Xcel Energy
Water Source City
Appliances Electric Range, Refrigerator
Location
View City
County Weld
Subdivision HALL & MORGER
Middle School Brentwood
High School District Greeley 6
APN R3232786
Directions From Hwy 85 Bypass Turn West On 16th Street Then North On 2nd Avenue To 15th Street. Turn West On 15th Street To 3rd Avenue, Turn South And Building Will Be On The West Side Of The Street.
Multifamily Details
Tenant Pays Deposit, Electricity
Total # of Units 8
Cap Rate 4.75
Operating Expense 19236.66
Income Includes Lease/Rents
Gross Income 70500
Lot/ Land Details
Possible Use Multi-Family
Road Frontage City Street
Road Surface Asphalt
$1.22M
Range: $1M-$1.44M
Last 30 days 
Rental est.: $958/month
Gross rent multiplier: 76.5
  • Mar 2025
    mls logo MLS # 1028623
  • Mar 17, 2025 Listed
    $1,360,000 (+54.5%)
  • Aug 2022
    Public Records
  • Aug 18, 2022 Sold
    $880,000
  • Aug 2022
    mls logo MLS # 963193
  • Aug 17, 2022 Sold
    $880,000 (-18.5%)
  • Jun 9, 2022 Pending
    —
  • Apr 18, 2022 Listed
    $1,080,000
  • 1509 3rd Ave
    $880K
  • Sunrise
    $252K -12% y/y
  • 80631
    $389K +1% y/y
  • Greeley
    $444K -5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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