1218 8th St Greeley, CO 80631
City Center NeighborhoodEstimated payment $2,230/month
Highlights
- Deck
- No HOA
- Outdoor Storage
- Meadows Elementary School Rated A-
- Eat-In Kitchen
- 5-minute walk to Lincoln Park
About This Home
Fantastic triplex investment opportunity in Downtown Greeley! Major improvements are already done, including two new furnaces, three new water heaters, and a new roof in 2024-making this a low-maintenance, high-performing addition to your portfolio. Discover an excellent opportunity to own a versatile multi-unit property proving the following rents: Unit 1 (main floor level): 1 bed, 3/4 bath - currently rented for $1300/mo. Unit 2 (main floor level): 1 bed / 1 bath - freshly updated with new carpet and paint recently rented for $1050/mo-currently vacant. Unit 3 (upper level): 2 bed / 1 bath was also refreshed with new paint, carpet, new kitchen counter tops and flooring and is currently rented for $1300/mo. THIS IS AN 8.41 CAP RATE! Updated GFCIs throughout. 3 separate meters. In addition, there is a storage shed, and has a prime location near downtown shops and restaurants. Don't miss this chance to add a fantastic multi-unit investment to your portfolio! No pictures were taken of Unit 1.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,730
Year Built
- Built in 1892
Lot Details
- 5,750 Sq Ft Lot
- Wood Fence
- Chain Link Fence
- Sprinkler System
Parking
- Alley Access
Home Design
- Property Attached
- Composition Roof
- Wood Siding
Interior Spaces
- 2,011 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Partial Basement
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Outdoor Features
- Deck
- Exterior Lighting
- Outdoor Storage
Schools
- Maplewood Elementary School
- Franklin Middle School
- Northridge High School
Utilities
- Forced Air Heating System
- High Speed Internet
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Tenant pays for deposit, gas, electricity
- Assessor Parcel Number R3015186
Community Details
Overview
- No Home Owners Association
- 3 Units
- Greeley City Subdivision
Building Details
- Gross Income $42,486
- Net Operating Income $33,646
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,731 | $21,380 | $2,520 | $18,860 |
| 2024 | $1,731 | $21,380 | $2,520 | $18,860 |
| 2023 | $1,651 | $24,330 | $2,720 | $21,610 |
| 2022 | $1,779 | $20,400 | $2,130 | $18,270 |
| 2021 | $1,876 | $21,450 | $2,240 | $19,210 |
| 2020 | $1,347 | $15,450 | $1,670 | $13,780 |
| 2019 | $1,350 | $15,450 | $1,670 | $13,780 |
| 2018 | $928 | $11,200 | $1,410 | $9,790 |
| 2017 | $933 | $11,200 | $1,410 | $9,790 |
| 2016 | $667 | $9,010 | $870 | $8,140 |
| 2015 | $664 | $9,010 | $870 | $8,140 |
| 2014 | $646 | $8,550 | $760 | $7,790 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $395,000 | -2.7% | $196 / Sq Ft | |
| 06/13/2022 06/13/22 | Off Market | $406,000 | -- | -- | |
| 03/15/2022 03/15/22 | Sold | $406,000 | +1.5% | $162 / Sq Ft | View Prior Sale |
| 02/17/2022 02/17/22 | Pending | -- | -- | -- | |
| 02/15/2022 02/15/22 | For Sale | $400,000 | +27.8% | $160 / Sq Ft | |
| 08/01/2019 08/01/19 | Off Market | $313,000 | -- | -- | |
| 04/01/2019 04/01/19 | Sold | $313,000 | 0.0% | $125 / Sq Ft | View Prior Sale |
| 04/01/2019 04/01/19 | Pending | -- | -- | -- | |
| 03/31/2019 03/31/19 | Off Market | $313,000 | -- | -- | |
| 01/26/2019 01/26/19 | Pending | -- | -- | -- | |
| 10/31/2018 10/31/18 | Price Changed | $319,000 | -7.5% | $128 / Sq Ft | |
| 08/06/2018 08/06/18 | For Sale | $345,000 | -- | $138 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | New Title Company Name | |
| Warranty Deed | $406,000 | Land And Title | |
| Quit Claim Deed | -- | Land Title Guarantee Co | |
| Warranty Deed | $300,000 | First American | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $94,000 | -- | |
| Deed | $35,500 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $304,500 | New Conventional | |
| Previous Owner | $91,000 | Seller Take Back |
Source: IRES MLS
MLS Number: 1047594
APN: R3015186
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Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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Information deemed reliable but not guaranteed by the MLS.
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