Multifamily Property for Sale in Longmont, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Longmont, CO 80501

Description

Marcus & Millichap is pleased to present 316 21st Ave, a four-unit investment opportunity in Longmont, CO. The property consists of four spacious 2-bedroom units, each equipped with in-unit washer and dryer and attached garages, making it an ideal fit for both an owner-user or an investor seeking a long-term, value-add asset. With garage parking and below-market rents, the property offers clear and immediate avenues for income growth. Situated near Horizon Park, a vibrant retail center anchored by King Soopers alongside co-tenants such as Dollar Tree, Planet Fitness, and Big Lots, 316 21st Ave benefits from strong local consumer traffic and convenience. Additionally, Longmont’s labor market remains robust, supported by expanding sectors such as retail, advanced manufacturing, and professional services, and major employers including Seagate and UC Health, further strengthening the property’s investment profile. Investment Highlights: • Four spacious 2-bed units with garages and in-unit laundry; below-market rents create strong potential for income growth and higher returns for investors. • Close to Horizon Park retail hub and major employers like Seagate and UCHealth; Longmont's thriving economy and limited new supply ensure long-term rental demand. • Fee-simple ownership in a stable market with strong rent growth; property offers clear value-add opportunities and attractive projected returns for savvy buyers.

Market Context

This multifamily in Longmont, CO is listed for sale. It is offered at an approximate 4.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Longmont, CO — <a href="/search/sale/multifamily/colorado/longmont">view the full market</a>.

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