1040-1042 Ponderosa Drive Fort Collins, CO $ 589,000
1040-1042 Ponderosa Drive
$ 589,000
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1040-1042 Ponderosa Drive

Fort Collins, CO, 80521
$ 589,000
Baths0.0 Sq 2,092

Monthly Estimate*

$ 3,675

Listed by Kittle Real Estate
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View a Virtual Tour
Studio

Multi-Family Home for sale in Fort Collins, CO

for $589,000. This 2,092 square foot home was built in 1965 on a lot size of 0.22.

Discover a fantastic investment opportunity with this side-by-side duplex situated on a large corner lot. Each unit offers distinct living spaces, featuring one 3-bed, 2-bath and one 2-bed, 1-bath. Both include private fenced yards, giving each side its own outdoor retreat, plus an extended one-car garage for added storage and convenience. With an excellent rental history, this property has already proven its strength as a reliable income producer. The location is an added bonus, just minutes from CSU, Old Town, and Horsetooth Reservoir, with shopping and dining right around the corner. This makes daily life smooth and simple, while also boosting the property's value. Whether you want to live in one side and rent the other, or maximize income by renting both, this property gives you flexibility and long-term opportunity. No HOA! Photos are of the 3 bed, 2 bath unit.

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Multi-Family Pending

Price

$ 589,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,499

Style

Lot Size

0.22

Year Built

1965

Town/City

Fort Collins

County/Region

Larimer

MLS | Web ID

IR1042569

Features
Interior
Interior Amenities Eat-in Kitchen
Basement None
Basement (Y/N) N
Laundry Features In Unit
Main Level Bedrooms 0
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General
Sewer Public Sewer
Heating Forced Air
Cooling Ceiling Fan(s) Central Air
Utilities Electricity Available Natural Gas Available
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Disposal Dryer Microwave Oven Refrigerator Washer
Zoning RL
Patio/Porch Features Patio
Security Features Smoke Detector(s)
Construction Materials Brick Frame
Exclusions Tenant's Personal Property
Year Built 1965
Tenant Pays Electricity Gas
View Mountain(s)
Levels One
Property Subtype Duplex
Tax Year 2024
Ownership Individual
Gross Income 3450
County Larimer
Net Operating Income 33365
Operating Expense 8035
Property Type Residential Income
HOA N
Subdivision Name Miller Miller Alvin Foothills
Possible Use Multi-Family Residential
Status Pending
High School Rocky Mountain
City Fort Collins
High School District Poudre R-1
Number Of Units Total 2
Lot Size Square Feet 9706
Listing Terms Cash Conventional FHA VA Loan
Elementary School Bauder
Tax Annual Amount 3499
Middle/Junior High School Blevins
Concessions No
Virtual Tour http://1040-1042PonderosaDr.KittleRealEstateListings.com
Standard Status Active Under Contract
Occupancy Type Tenant
Elementary School District Poudre R-1
Cap Rate 5.66
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Exterior
Lot Features Corner Lot Level
Water Source Public
Total Parking 2
Building Area Total 2092
Lot Size Acres 0.22
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 1040
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* Excluded Features
List By
Kittle Real Estate

Broker

(970) 460-4444

Phone

Affordability Calculator

$3,966
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,675
Monthly Property Taxes
$292
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3043196 Elementary School
3043885 Middle School
Rocky Mountain High School High School
Pricing History
DatePricePrice ChangeDescription
9/23/2025$589,000 -1.67% Price Down
8/29/2025$599,000 Listed Price

Map


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1040-1042 Ponderosa Drive, Fort Collins, CO, 80521 is a Multi-Family Home for sale at $589,000 with 2,092 sqft and a lot size of 0.22. 1040-1042 Ponderosa Drive is a studio with 0.0 baths and was built in 1965. The property's zip code is 80521 which is in Fort Collins, CO