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Sold on 12/20/2021

400 Chestnut St, Sterling, CO 80751

$439,000

Last sold 12/20/2021 for $300K

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    bed

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    bath

Multi-family not for sale
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About 400 Chestnut St

Property type Multi-family
Year built 1920
HOA fee $0/month
Lot size 0.35 Acre
Movoto estimate
Rental estimate
Property description
5 residential rental units and one office space. Each residential unit has a large bedroom, large dining room, large living room and 3/4 bath. Residential units have space heaters in the living/dining room area and electric heat in the bathroom. Each unit has a front covered porch and back enclosed porch with washer/dryer hook-ups. 3 units washer/dryer owned by management company, 2 sets transfer with sale. Commercial office space has a 1/2 bath, 4 rooms and enclosed back porch with hot water heat. Each unit has a stove, refrigerator and water heater. Owner pays water/trash/sewer and tenants pay their own gas/electric. Large parking area in rear of property plus additional on-street parking on side and front.
Listed by
Listing Agent - Michele Owen
Listing Agent Contact: 9705220999
Listing Office - RE/MAX Homestead Northeast
Source: IRESMLS mls logo
MLS#947445 • last updated 1 year ago
Movoto checked IRESMLS for data 2 minutes ago
Overview
Cooling/AC Ceiling Fan(s)
Heating Space Heater, 2 Or More Heat Sources, 2 Or More H20 Heaters
Levels/Style One
MLS # 947445
Type Residential Income
Status Sold
SubType Multi Family
Lot Size (Acres) 0.35
Annual Tax 1177
Interior
Basement None, Crawl Space
Window Features Window Coverings
Interior Features Separate Dining Room, Washer/Dryer Hookup
Exterior
Roof Rubber, Flat
Construction Frame, Stucco, Painted/Stained
Lot Features Paved, Curbs, Gutters, Sidewalks, Street Light, Alley, Fire Hydrant Within 500 Feet
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available, Cable Available
Sewer/ Septic Public Sewer
Electricity XCEL
Water Source City
Appliances No Units Furnished, Electric Range, Refrigerator, Some Appliances, Fire Alarm
Location
View City
County Logan
Subdivision JENKINS & NAUGLE, K&S ADDITION
Middle School Sterling
High School District Valley RE 1
APN 38052529430016
Directions FROM MAIN GO NORTH ON 3RD AVENUE, 5TH STREET OR DIVISION, TAKE A RIGHT ON CHESTNUT. ACROSS THE STREET FROM SONIC.
Multifamily Details
Tenant Pays Deposit, Gas, Electricity
Total # of Units 244
Cap Rate -0.71
Operating Expense 5177
Income Includes Lease/Rents
Gross Income 2700
Lot/ Land Details
Possible Use Multi-Family
Road Frontage City Street, Alley
Road Surface Asphalt
$439K
Range: $263K-$614K
Last 30 days 
Rental est.: $1,338/month
Gross rent multiplier: 18.7
  • Dec 2021
    mls logo MLS # 947445
  • Dec 20, 2021 Sold
    $300,000 (-14.3%)
  • Dec 6, 2021 Pending
    —
  • Aug 2, 2021 Listed
    $350,000
  • Jul 31, 2021 Listed
    $350,000 (+91.4%)
  • Aug 2007
    Public Records
  • Aug 2, 2007 Sold
    $182,900 (+4.5%)
  • May 2006
    Public Records
  • May 23, 2006 Sold
    $175,000
  • Year Property taxes Tax assessment
  • 2025
    $1,312 +143.1%
    $16,099 +25.87%
  • 2024
    $540 +16.7%
    $12,790 -18.43%
  • 2023
    $462 -65.0%
    $15,680 -2.37%
  • 2022
    $1,321 -31.5%
    $16,060
  • 2021
    $1,928 +63.2%
    $16,060 -42.56%
  • 2019
    $1,182
    $27,960
  • 400 Chestnut St
    $300K
  • —
  • 80751
    $230K -14% y/y
  • Sterling
    $232K -13% y/y
No chart available
Statistics calculated by Movoto

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4/10
Campbell Elementary School
public Grades 3-5
Valley Re-1 School District
N/A
Ayres Elementary School
public Grades K-2
Valley Re-1 School District
5/10
Sterling Middle School
public Grades 6-8
Valley Re-1 School District
4/10
Sterling High School
public Grades 9-12
Valley Re-1 School District
Source: GreatSchools.org © 2026. All rights reserved.

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