$500,000
UNDER CONTRACT

1244 N Lincoln Ave Loveland, CO 80537

Estimated payment $3,218/month

Total Views 1,304
2 Beds
3 Baths
2,032 Sq Ft
$246 Price per Sq Ft

Highlights

  • No HOA
  • High Speed Internet
  • 1-Story Property
  • Forced Air Heating System

About This Home

Unique Loveland property in a prime location! Just a few blocks from downtown! Mixed use tri-plex has 2 office suites facing Lincoln & residential unit in the back! Off street & on street parking, 3 phase power, 1" gas line, new roof in 23. Owner financing possible. Tucked away in the back, the property takes advantage of the large corner lot w/ a 2 bedroom 1 bath & several flex spaces that could be used as office space or additional bedroom space. Large fenced back yard would be a great space to recreate/entertain/play, park your toys like trailers, garden or build your products. Perfect property to live and work or as a great multi-unit income property or redevelopment project. This is the type of property where dreams come to grow with great potential cash flow. Front offices easily turned into one office with existing header in dividing wall. Please note this property will take some vision. With all units rented the units wont look staged. Vehicals in back yard to be removed by May 3rd.

Listing Agent

Rick Scott

Coldwell Banker Realty-NOCO

Coldwell Banker Realty-NOCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,200

Year Built

  • Built in 1904

Lot Details

  • 8,838 Sq Ft Lot

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,032 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Schools

  • Truscott Elementary School
  • Bill Reed Middle School
  • Thompson Valley High School

Utilities

  • Forced Air Heating System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R0381861

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Warnock Subdivision

Building Details

  • Gross Income $34,800
  • Net Operating Income $20,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,200

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Year Built: 1904
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.2
  • Subdivision Name: Warnock
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Special Features: UnderContract
  • Stories: 1

Interior Features

  • Possible Use: Single Family, Multi-Family, Commercial or Industrial
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2
  • Interior Amenities: High Speed Internet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Waterfront: No
  • Construction Type: Wood/Frame
  • Property Condition: Not New, Previously Owned

Utilities

  • Electric: Electric, City Loveland
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available
  • Heating Yn: Yes
  • Water Source: City Water, City of Loveland
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Truscott
  • HighSchool: Thompson Valley
  • Junior High Dist: Thompson R2-J
  • Middle Or Junior School: Bill Reed

Lot Info

  • Zoning: B
  • Lot Size Sq Ft: 8838
  • Parcel #: R0381861
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5200

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 34800
  • Annual Operating Expense: 13900

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

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 $5,015 $77,208 $13,932 $63,276
2024 $5,015 $77,208 $13,932 $63,276
2022 $5,441 $68,375 $12,404 $55,971
2021 $5,473 $68,863 $12,516 $56,347
2020 $5,202 $65,420 $9,073 $56,347
2019 $5,114 $65,420 $9,073 $56,347
2018 $4,040 $49,090 $9,093 $39,997
2017 $3,479 $49,090 $9,093 $39,997
2016 $3,255 $44,385 $9,401 $34,984
2015 $3,229 $44,390 $9,400 $34,990
2014 $3,455 $45,950 $9,400 $36,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2025 04/05/25 For Sale $500,000 -- $246 / Sq Ft
Source: IRES MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $76,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $133,153 Commercial
Closed $150,000 Commercial
Closed $11,750 Credit Line Revolving
Source: Public Records

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Source: IRES MLS

MLS Number: 1030283

IRES MLS

APN: 95132-11-004