1337 Merl Place Longmont, CO $ 625,000
1337 Merl Place
$ 625,000
Recently Listed
Open House 1/31 11am - 1pm
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1337 Merl Place

Longmont, CO, 80501
$ 625,000
Baths0.0 Sq 4,878

Monthly Estimate*

$ 3,848

Listed by Compass - Boulder
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Studio

Multi-Family Home for sale in Longmont, CO

for $625,000. This 4,878 square foot home was built in 1977 on a lot size of 0.31.

This is the investment property that you've been waiting for. With nearly $60,000/year in rental income, this property, even after calculating in the property management expense of 8%, yields a capitalization rate of nearly 7! Located in a quiet culdesac, backing to Carr Park and just steps from Northridge Elementary, this a highly desirable location for renters with historically low vacancy rates. Tenants are stable and prefer to stay but all leases expire on 5/31 allowing reasonable flexibility for the new owner. All 3 units are identical with 3 BRs upstairs and one full BA with the primary BR having access to a private, west facing balcony. The main levels offers a generously sized living room, dining room, kitchen and half bath. The bonus potential upside in these units is the unfinished basement which allows for future expansion of number of bedrooms and rental income. And with massive parking lots, there are plenty of spaces for all of the tenants without parking issues. A new roof, newer windows and newer LVP floors in two of the three units allow the property to be in overall good shape but the price allows for any improvements that the next owner may want to make. Property is priced to sell in as-is condition and will be marketed with 2 open houses- the only opportunity for showings, Saturday 1/31/26 from 11-2 and Wed 2/4/26 from 11:30-2:30. Any offers will be due by 5 pm on 2/5/26 with a response deadline of 5 pm on 2/6/26.

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Open House

1/31/2026 11:00 AM - 1:00 PM
1337 Merl Place Longmont, CO
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 625,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,222

Style

Lot Size

0.31

Year Built

1977

Town/City

Longmont

County/Region

Boulder

MLS | Web ID

IR1050580

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Available Natural Gas Available
Possession Rental Agreement
Roof Composition
Appliances Oven Refrigerator
Zoning Triplex
Construction Materials Frame
Year Built 1977
Tenant Pays Electricity Gas
View Mountain(s)
Levels Two
Property Subtype Triplex
Tax Year 2024
Ownership Individual
Gross Income 4935
County Boulder
Net Operating Income 47513.6
Operating Expense 10522
Property Type Residential Income
HOA N
Subdivision Name Yeager Garden Greens 2
Facing Direction East
Possible Use Multi-Family
Status Active
Directions South on Gay St. from 21st Ave. West on Merl Pl to property at the end of the culdesac
High School Longmont
City Longmont
High School District St. Vrain Valley RE-1J
Number Of Units Total 3
Lot Size Square Feet 13419
Listing Terms Cash Conventional
Elementary School Northridge
Tax Annual Amount 4222
Middle/Junior High School Longs Peak
Concessions No
Standard Status Active
Occupancy Type Tenant
Elementary School District St. Vrain Valley RE-1J
Cap Rate 7.6
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Interior
Basement Full Unfinished
Basement (Y/N) Y
Window Features Double Pane Windows
Laundry Features In Unit
Main Level Bedrooms 0
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Exterior
Exterior Amenities Balcony
Water Source Public
Total Parking 8
Building Area Total 4878
Lot Size Acres 0.31
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 1337
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* Excluded Features
List By
Compass - Boulder

Broker

(303) 931-5483

Phone

Affordability Calculator

$4,200
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,848
Monthly Property Taxes
$352
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
3043396 Elementary School
910891 Middle School
Longmont High School High School
Pricing History
DatePricePrice ChangeDescription
1/30/2026$625,000 Listed Price

Map


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1337 Merl Place, Longmont, CO, 80501 is a Multi-Family Home for sale at $625,000 with 4,878 sqft and a lot size of 0.31. 1337 Merl Place is a studio with 0.0 baths and was built in 1977. The property's zip code is 80501 which is in Longmont, CO