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Source Home Group

admin@sourceofhome.com +1(970) 528-0604

$765,000

Est. payment - /mo

8 Beds

4 Baths

3,596 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,596 sqft

Price per Sqft $212

Subdivision 22742 - Ridgewood

MLS Listing ID 5369991

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 3,594

Year Built 1979

Annual Tax Amount $4,223

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Quadruplex

Source recolorado

Property Description

Marcus & Millichap is pleased to present 3681 Butternut Drive, a well-located four-unit multifamily property in the heart of Loveland, Colorado. Situated just minutes from Downtown Loveland, residents enjoy convenient access to a wide array of retail, dining, and entertainment options, including The Promenade Shops at Centerra, The Marketplace at Centerra, and numerous local restaurants and services. The property also benefits from proximity to major employers such as UCHealth Medical Center of the Rockies, McKee Medical Center, Hach, Woodward, and Banner Health, while offering easy access to Highway 34 and Interstate 25. Outdoor recreation is abundant, with nearby Benson Sculpture Garden, Mehaffey Park, Boyd Lake State Park, Devil's Backbone Open Space, and the extensive Loveland Recreation Trail system providing year-round amenities that continue to attract and retain residents.

The asset features an increasingly scarce unit mix comprised entirely of spacious two-bedroom residences, offering floorplans that appeal to a broad tenant base including young professionals, roommates, small families, and long-term renters seeking more living space. Offered at pricing below recent comparable sales, 3681 Butternut Drive presents investors with an attractive basis in one of Northern Colorado's strongest rental markets. In addition, the property offers meaningful operational upside through continued rental growth, allowing new ownership to capitalize on below-market rents while benefiting from Loveland's strong population
growth, expanding employment base, and long-term housing demand

Location

State CO

County Larimer

Zoning R3

Interior

Heating Baseboard

Cooling None

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 8

Garage No

Building

Lot Description Level

Sewer Public Sewer

Level or Stories Bi-Level

Structure Type Frame

Schools

Elementary Schools Lincoln

Middle Schools Bill Reed

High Schools Loveland

School District Thompson R2-J

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Nearby School & Business

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Source Home Group

+1(970) 528-0604

Agent | FA.100072314

Agent FA.100072314

3681 Butternut DR Loveland, CO 80538

Source Home Group

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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