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324 S Howes St 6 Unit Apartment Building $1,655,800 ($275,967/Unit) 5.59% Cap Rate Fort Collins, CO 80521
Executive Summary
Located in the heart of Old Town Fort Collins, 324 S. Howes is a charming and well-maintained six-unit multifamily residence built in 1906. This historic 6-plex offers:
• 6 bedrooms and 6 bathrooms across 3,744 SF of living space
• A prime corner lot at South Howes and West Magnolia, just blocks from College Avenue and the Mason Street Corridor
• Zoned for multi-unit residential use, ideal for investors seeking steady rental income in a high-demand area
• Partially updated interiors while retaining vintage character
• 6 bedrooms and 6 bathrooms across 3,744 SF of living space
• A prime corner lot at South Howes and West Magnolia, just blocks from College Avenue and the Mason Street Corridor
• Zoned for multi-unit residential use, ideal for investors seeking steady rental income in a high-demand area
• Partially updated interiors while retaining vintage character
Property Facts
| Price | $1,655,800 | Apartment Style | Low-Rise |
| Price Per Unit | $275,967 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.59% | Building Size | 5,834 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Zoning | D | ||
| Price | $1,655,800 |
| Price Per Unit | $275,967 |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,834 SF |
| No. Stories | 2 |
| Year Built | 1906 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | D |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | 97114-23-021 | Improvements Assessment | $76,963 |
| Land Assessment | $26,800 | Total Assessment | $103,763 |
Property Taxes
Parcel Number
97114-23-021
Land Assessment
$26,800
Improvements Assessment
$76,963
Total Assessment
$103,763
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324 S Howes St
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