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Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,766 sqft
Subdivision Romar
MLS Listing ID IRE1062482
Sold Date 09/24/26
HOA Y/N No
Year Built 1961
Annual Tax Amount $2,315
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Duplex
Source ires
Property Description
Exceptional investment opportunity in the heart of Loveland. Situated on a distinctive corner lot at the intersection of two quiet streets, this well-maintained side-by-side duplex offers a rare blend of vintage charm and modern updates. Built in the early 1960s, the property has been carefully preserved to showcase its original character, including mid century cabinetry, built-in storage, spacious closets, and classic bath features, while benefiting from significant improvements such as a newer roof (2017), new vinyl windows (2026), updated flooring, and mechanical upgrades.Each unit features 2 bedrooms, 1 bathroom, a large living room, separate dining area, washer/dryer hookups, abundant kitchen cabinetry, built-in storage, and an oversized one-car attached garage with opener. The west unit includes a spacious screened porch, while both units enjoy mature landscaping, sprinkler system, large yard areas, and beautiful shade trees.This property has a proven history of stable occupancy with long-term tenants and zero vacancy. The east unit is leased at $1,560/month through 6/30/27. The west unit is currently leased at $1,560/month through 10/31/26, with a lease extension in place at $1,626/month through 10/31/27. Additional improvements include a new furnace in the east unit (2024), east-side electric water heater (2010), and west-side electric water heater (2021). A turnkey income-producing property offering reliable cash flow, pride of ownership, and timeless appeal in one of Loveland's most established neighborhoods. No HOA or Metro District!
Location
State CO
County Larimer
Community Romar
Area Loveland/Berthoud
Zoning R3E
Direction Normal GPS directions.
Rooms
Basement None
Interior
Interior Features Eat-in Kitchen, Washer/Dryer Hookup
Heating Forced Air
Cooling Wall/Window Unit(s), Ceiling Fan(s)
Appliance No Units Furnished, Electric Range, Self Cleaning Oven, Dishwasher, Refrigerator, Disposal, Fire Alarm
Exterior
Exterior Feature Sprinkler System
Utilities Available Natural Gas Available, Electricity Available, Cable Available, Satellite Avail, High Speed Avail
View Y/N No
Roof Type Composition
Improvements No
Porch Enclosed
Garage No
Building
Lot Description Deciduous Trees, Level, House/Lot Faces NW, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Vinyl Siding
New Construction false
Schools
Elementary Schools Garfield
Middle Schools Bill Reed
High Schools Thompson R2-J
School District Thompson R2-J
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Private Owner
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