1640-1642 Cheyenne Avenue Loveland, CO $ 640,000
1640-1642 Cheyenne Avenue
$ 640,000
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1640-1642 Cheyenne Avenue

Loveland, CO, 80538
$ 640,000
Baths0.0 Sq 1,800

Monthly Estimate*

$ 3,941

Listed by Group Harmony
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Studio

Multi-Family Home for sale in Loveland, CO

for $640,000. This 1,800 square foot home was built in 1974 on a lot size of 0.14.

Calling all investors and house hackers! Don't miss this beautifully updated duplex in central Loveland. Great opportunity to live in one and rent out the other! This building received a full facelift top to bottom in 2024, all new landscaping, new windows, new furnaces, central air conditioning (rare in loveland duplexes), floors, kitchens/appliances, baths, the list goes on. Both units have an attached 1 car garage plus driveway parking and street parking. Both units also have private fenced backyards. This is an excellent opportunity for aspiring landlords who want minimum maintenance for years to come, or house hackers looking for quality construction and modern finishes. This opportunity is located just minutes from Loveland High, McKee hospital, The Sculpture park, Lake Loveland, shopping, and much much more. Set up your showing today! 1640 is ready to show, while 1642 is leased through August 2026 at $2,000/mo + utilities. With proven rents at $2,000/mo per unit this is a great opportunity for a high performing long term hold.

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Multi-Family Active

Price

$ 640,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,558

Style

Contemporary

Lot Size

0.14

Year Built

1974

Town/City

Loveland

County/Region

Larimer

MLS | Web ID

IR1055427

Features
Interior
Interior Amenities No Stairs
Basement Crawl Space
Basement (Y/N) N
Window Features Double Pane Windows
Laundry Features In Unit
Main Level Bedrooms 0
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Electricity Available Natural Gas Available
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Disposal Microwave Oven Refrigerator
Zoning R3E
Architectural Style Contemporary
Security Features Smoke Detector(s)
Construction Materials Brick Frame
Exclusions tenant and seller personal property
Year Built 1974
Tenant Pays Electricity Gas Water
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Individual
Gross Income 4000
County Larimer
Net Operating Income 43582
Operating Expense 4418
Property Type Residential Income
HOA N
Subdivision Name Mckee Meadows
Facing Direction West
Possible Use Multi-Family Residential
Status Active
High School Mountain View
City Loveland
High School District Thompson R2-J
Number Of Units Total 2
Lot Size Square Feet 6120
Listing Terms Cash Conventional FHA
Elementary School Monroe
Tax Annual Amount 2558
Middle/Junior High School Other
Concessions No
Standard Status Active
Occupancy Type Tenant
Elementary School District Thompson R2-J
Cap Rate 6.81
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Exterior
Lot Features Level Sprinklers In Front
Water Source Public
Total Parking 2
Building Area Total 1800
Lot Size Acres 0.14
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 1640
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* Excluded Features
List By
Group Harmony

Broker

(970) 691-5690

Phone

Affordability Calculator

$4,154
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,941
Monthly Property Taxes
$213
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
5072775 Elementary School
3043800 Middle School
Mountain View High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2026$640,000 Listed Price

Map


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1640-1642 Cheyenne Avenue, Loveland, CO, 80538 is a Multi-Family Home for sale at $640,000 with 1,800 sqft and a lot size of 0.14. 1640-1642 Cheyenne Avenue is a studio with 0.0 baths and was built in 1974. The property's zip code is 80538 which is in Loveland, CO