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621 13th St 5 Unit Apartment Building $575,000 ($115,000/Unit) 9.26% Cap Rate Greeley, CO 80631
Investment Highlights
- Walkablity
- Hardwood Floors
- Natural Light
Executive Summary
**Prime investment opportunity** Looking for a multifamily investment that actually makes money? Welcome to 621 13th Street - a fully occupied 5-unit property sitting in the heart of Greeley, where the tenants are long-term, the rent checks are consistent, and the headaches are remarkably few.This cash-flowing gem features a mix of one and two-bedroom units, all currently occupied by real humans who actually pay their rent on time. (Yes, those exist.) Whether you're a seasoned investor or just tired of the stock market, this one pencils out beautifully from day one.The building just received a fresh coat of paint, the roof is solid and drama-free, and the front yard is fully xeriscaped - because nobody has time for a city notice about weeds and dead grass. No value-add story needed. No lease-up risk. No vacant units staring back at you from a pro forma. Just five happy tenants, strong cash flow, and a property that's ready to go to work for its next owner.Opportunities like this don't grow on trees - but they do apparently grow on 13th Street.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$71,400
|
$19.99
|
| Other Income |
$975
|
$0.27
|
| Vacancy Loss |
$2,142
|
$0.60
|
| Effective Gross Income |
$70,233
|
$19.66
|
| Taxes |
$3,199
|
$0.90
|
| Operating Expenses |
$13,802
|
$3.86
|
| Total Expenses |
$17,001
|
$4.76
|
| Net Operating Income |
$53,232
|
$14.90
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $71,400 |
| Annual Per SF | $19.99 |
| Other Income | |
|---|---|
| Annual | $975 |
| Annual Per SF | $0.27 |
| Vacancy Loss | |
|---|---|
| Annual | $2,142 |
| Annual Per SF | $0.60 |
| Effective Gross Income | |
|---|---|
| Annual | $70,233 |
| Annual Per SF | $19.66 |
| Taxes | |
|---|---|
| Annual | $3,199 |
| Annual Per SF | $0.90 |
| Operating Expenses | |
|---|---|
| Annual | $13,802 |
| Annual Per SF | $3.86 |
| Total Expenses | |
|---|---|
| Annual | $17,001 |
| Annual Per SF | $4.76 |
| Net Operating Income | |
|---|---|
| Annual | $53,232 |
| Annual Per SF | $14.90 |
Property Facts
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Hardwood Floors
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,300 | - |
| 2+1 | 3 | $1,125 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R3247386 | Total Assessment | $32,830 (2026) |
| Land Assessment | $4,070 (2026) | Annual Taxes | $3,199 ($0.90/SF) |
| Improvements Assessment | $28,760 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
R3247386
Land Assessment
$4,070 (2026)
Improvements Assessment
$28,760 (2026)
Total Assessment
$32,830 (2026)
Annual Taxes
$3,199 ($0.90/SF)
Tax Year
2025
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NoCo Nest Real Estate
621 13th St
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