901-903 W Kelly Drive Loveland, CO $ 480,000
901-903 W Kelly Drive
$ 480,000
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901-903 W Kelly Drive

Loveland, CO, 80537
$ 480,000
Baths0.0 Sq 1,433

Monthly Estimate*

$ 2,955

Listed by Group Centerra
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View a Virtual Tour
Studio

Multi-Family Home for sale in Loveland, CO

for $480,000. This 1,433 square foot home was built in 1963 on a lot size of 0.13.

Assumable FHA loan possibility! Great investment opportunity just west of downtown Loveland on a quiet street filled with trees. Duplex is fully rented with steady tenants. Unit 901: Currently leased at $1,700/month with the lease ending 2/28/26. This unit features 804 square feet, built in desk/office, beautiful hardwood floors, an attached garage, and a backyard with a patio overlooking the Barnes Irrigation river. Unit 903: Newly renovated and rented through 10/31/26 for $1500/mo. Recent updates include a new kitchen and appliances, freshly tiled bath, fresh paint, LVP flooring, upgraded doors and trim, new electrical outlets/covers, and new baseboards. Both units have been pre inspected.

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Multi-Family Active

Price

$ 480,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,950

Style

Lot Size

0.13

Year Built

1963

Town/City

Loveland

County/Region

Larimer

MLS | Web ID

IR1044600

Features
General
Heating Forced Air
Utilities Natural Gas Available
Possession Closing/DOD Rental Agreement
Roof Composition
Appliances Dishwasher Microwave Oven Refrigerator
Zoning R3E
Construction Materials Frame
Exclusions Tenants personal property
Year Built 1963
Tenant Pays Electricity Gas Trash Collection
Levels One
Property Subtype Duplex
Tax Year 2024
Ownership Individual
Gross Income 3200
County Larimer
Net Operating Income 35610
Operating Expense 2790
Property Type Residential Income
HOA N
Subdivision Name Romar
Possible Use Multi-Family
Status Active
High School Thompson Valley
City Loveland
High School District Thompson R2-J
Number Of Units Total 2
Lot Size Square Feet 5819
Listing Terms 1031 Exchange Cash Conventional FHA VA Loan
Elementary School Garfield
Tax Annual Amount 1950
Middle/Junior High School Other
Concessions No
Virtual Tour https://www.homes.com/property/901-w-kelly-dr-loveland-co/j5ndyz68t7yvt/?tab=1&dk=eemb9z88m6spx
Standard Status Active
Occupancy Type Tenant
Elementary School District Thompson R2-J
Cap Rate 7.41
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Interior
Basement None
Basement (Y/N) N
Main Level Bedrooms 0
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Exterior
Water Source Public
Building Area Total 1433
Lot Size Acres 0.13
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 901
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* Excluded Features
List By
Group Centerra

Broker

(970) 691-0056

Phone

Affordability Calculator

$3,118
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,955
Monthly Property Taxes
$163
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2195647 Elementary School
3043800 Middle School
Thompson Valley High School High School
Pricing History
DatePricePrice ChangeDescription
11/24/2025$480,000 -3.03% Price Down
10/21/2025$495,000 -1.00% Price Down
9/27/2025$500,000 Listed Price

Map


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901-903 W Kelly Drive, Loveland, CO, 80537 is a Multi-Family Home for sale at $480,000 with 1,433 sqft and a lot size of 0.13. 901-903 W Kelly Drive is a studio with 0.0 baths and was built in 1963. The property's zip code is 80537 which is in Loveland, CO