$265,000
$15K PRICE DROP

351 E 2nd St Akron, CO 80720

Estimated payment $1,416/month

Total Views 3,389
5 Beds
5 Baths
2,460 Sq Ft
$108 Price per Sq Ft

Highlights

  • City View
  • No HOA
  • Level Lot
  • Deck
  • South Facing Home
  • Wall Furnace

About This Home

This professionally managed 5-plex is a turnkey addition to any portfolio. Each of the five units features a 1-bedroom, 1-bathroom layout with recent upgrades that ensure low maintenance and long-term value. Improvements include a brand-new roof, updated electrical with individual meters, new furnaces, fresh exterior and interior paint, new windows, updated flooring, and charming front decks. A newly added common laundry room enhances tenant convenience, while two additional rooms offer valuable storage or potential expansion-convert one unit into a spacious 2-bedroom! With strong rental appeal and modern updates throughout, this income-producing property is ready to generate returns from day one.

Listing Agent

Mary Walter

CENTURY 21 Cornerstone Listed on: 06/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $128

Year Built

  • Built in 1955

Lot Details

  • 3,920 Sq Ft Lot
  • Property fronts an alley
  • South Facing Home
  • Level Lot

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,460 Sq Ft Home
  • 1-Story Property
  • City Views
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Alley Access

Schools

  • Akron Elementary And Middle School
  • Akron High School

Additional Features

  • Deck
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 92002014005

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Ak 1St Add Subdivision

Building Details

  • Gross Income $3,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$128

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Inclusions: Clothes Washer,Clothes Dryer,All Appliances
  • Year Built: 1955
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.09
  • Road Frontage Type: City Street, Alley
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Ak 1st Add
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2460
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Washer, Dryer, All Appliances
  • Has Basement: Partial, Partially Finished
  • Total Bedrooms: 5

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Gutters, Sidewalks, Level, Within City Limits
  • View: City
  • View: Yes
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure, Lead Paint Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame
  • Direction Faces: South
  • Patio And Porch Features: Deck
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access
  • Total Parking Spaces: 1

Utilities

  • Electric: Electric, YW Electric
  • Heating: 2 or more Heat Sources, Wall Furnace
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: City Sewer
  • Water Source: City Water, Town of Akron
  • Gas Company: Natural Gas, YW Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Akron
  • HighSchool: Akron
  • Junior High Dist: Akron R-1
  • Middle Or Junior School: Akron

Lot Info

  • Zoning: RES
  • Land Lease Amount Frequency: Other--See Remarks
  • Lot Size Sq Ft: 3920
  • Parcel #: 92002014005
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 128

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 3175
  • Income Includes: ["Lease/Rents","Laundry"]
  • Annual Operating Expense: 5326

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Price Changed $265,000 -3.6% $108 / Sq Ft
08/05/2025 08/05/25 Price Changed $275,000 -1.8% $112 / Sq Ft
06/20/2025 06/20/25 For Sale $280,000 +23.9% $114 / Sq Ft
03/28/2024 03/28/24 Sold $226,000 -13.4% $86 / Sq Ft
02/23/2024 02/23/24 For Sale $261,000 -- $99 / Sq Ft
Source: IRES MLS

Source: IRES MLS

MLS Number: 1037337

IRES MLS

APN: 92002014005