3542 Butternut Drive Loveland, CO $ 1,034,000
3542 Butternut Drive
$ 1,034,000
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3542 Butternut Drive

Loveland, CO, 80538
$ 1,034,000
Baths0.0 Sq 3,748

Monthly Estimate*

$ 6,367

Listed by WK Real Estate
3542 Butternut Drive, Loveland, CO 80538 - Image 1
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3542 Butternut Drive, Loveland, CO 80538 - Image 8
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3542 Butternut Drive, Loveland, CO 80538 - Image 11
Studio

Multi-Family Home for sale in Loveland, CO

for $1,034,000. This 3,748 square foot home was built in 1978 on a lot size of 0.21.

Fully rebuilt, head-to-toe 4-plex investment opportunity featuring four 2-bed / 1.5-bath units with documented, in-place income - not projections. Ideal for adding to an existing portfolio or for investors seeking strong cash flow with minimal capital expenses anticipated for the next 5+ years. Each unit offers a functional two-story layout with a half bath on the main level, two bedrooms and a full bath upstairs, a private patio off the kitchen, and individual washer/dryer hookups. Unit C is available for showings with notice to tenants. Major improvements include a new roof and gutters (September 2021). All current leases and financials are available for review. Conveniently located with easy access to Fort Collins and throughout Northern Colorado, and close to shopping, dining, and everyday amenities. This is a turn-key, low-maintenance asset with real numbers and immediate income. Don't miss it.

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Multi-Family Active

Price

$ 1,034,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,600

Style

Lot Size

0.21

Year Built

1978

Town/City

Loveland

County/Region

Larimer

MLS | Web ID

IR1049230

Features
General
Sewer Public Sewer
Heating Baseboard
Utilities Electricity Available
Possession Rental Agreement
Roof Composition
Appliances Dishwasher Dryer Oven Refrigerator Washer
Zoning R3E
HOA Fee 60
Construction Materials Brick Frame Wood Siding
Year Built 1978
Tenant Pays Electricity Gas Water
View City
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Ownership Individual
Gross Income 6240
Assoc Fee Paid Per Monthly
County Larimer
Net Operating Income 56346
Operating Expense 14790
Property Type Residential Income
HOA Y
Subdivision Name 219862 - SUNSET ACRES
Possible Use Multi-Family
Status Active
Directions From 287 and 37th head west on 37th turn left on Sheridan Ave turn left on Butternut 4-plex is just around the curve on the left.
High School Loveland
City Loveland
Association Name Triangle Plan
High School District Thompson R2-J
Number Of Units Total 4
Lot Size Square Feet 9087
Listing Terms Cash Conventional
Elementary School Lincoln
Tax Annual Amount 3600
Middle/Junior High School Lucile Erwin
Concessions No
Standard Status Active
Occupancy Type Tenant
Elementary School District Thompson R2-J
Cap Rate 5.45
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Interior
Basement Crawl Space None
Basement (Y/N) N
Main Level Bedrooms 0
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Exterior
Vegetation Wooded
Lot Features Cul-De-Sac Level
Water Source Public
Building Area Total 3748
Lot Size Acres 0.21
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 3542
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* Excluded Features
List By
Wk Real Estate

Broker

(720) 373-9297

Phone

Affordability Calculator

$6,667
Per Month
95%
5%
0%
Monthly Principal & Interest
$6,367
Monthly Property Taxes
$300
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
3043547 Elementary School
3043707 Middle School
Loveland High School High School
Pricing History
DatePricePrice ChangeDescription
1/11/2026$1,034,000 Listed Price

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3542 Butternut Drive, Loveland, CO, 80538 is a Multi-Family Home for sale at $1,034,000 with 3,748 sqft and a lot size of 0.21. 3542 Butternut Drive is a studio with 0.0 baths and was built in 1978. The property's zip code is 80538 which is in Loveland, CO