811 E Prospect Road Fort Collins, CO $ 1,150,000
811 E Prospect Road
$ 1,150,000
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811 E Prospect Road

Fort Collins, CO, 80525
$ 1,150,000
Bedrooms-- Baths-- Sq 4,797

Monthly Estimate*

$ 7,261

Listed by MODUS Real Estate
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Commercial Property for sale in Fort Collins, CO

for $1,150,000. This 4,797 square foot building was built in 1946 on a lot size of 0.38.

MODUS Real Estate is pleased to present the opportunity to acquire 811 E Prospect Rd, an eight-unit value-add multifamily asset in central Fort Collins, located approximately 1.5 miles from Colorado State University and within walking distance of the MAX Bus Rapid Transit and the Mason Corridor. The property consists of two studios, four 1BR/1BA units, and two 2BR/1BA units across approximately 4,700 net rentable square feet, with an on-site common laundry room currently under a lease held by the seller. The property is currently 100% occupied with weighted-average in-place rents of $831/month, well below the $1,206/month market rent supported by recent leasing activity in the immediate Prospect and CSU-adjacent submarket. Offered by a long-term owner with long-term tenants in place, the asset's stable tenancy has kept in-place rents from keeping pace with the market, which is the source of the opportunity on offer. This 34.5% loss-to-lease represents the central value-add thesis: a new owner can execute a unit-by-unit turn strategy to bring rents to market and drive NOI from $44,745 (T-12) to $78,961 (Year 1 pro forma), a near-doubling of cash flow. All leases turn in August, providing flexibility for a new owner to implement their value-add strategy immediately. Built in 1946, the property sits on a 0.38-acre lot with on-site parking and a double-structure layout that delivers single-family-style entrances and outdoor space uncommon in the Fort Collins rental stock. Recent capital investment further de-risks the acquisition: the boiler was replaced in 2026, and thermostats and zone valves were updated in all units this year. Strong fundamentals such as durable CSU-anchored demand, a constrained Fort Collins supply pipeline, and a sub-2% historical vacancy rate mitigate execution risk while the buyer drives rents to market.

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Commercial Active

Price

$ 1,150,000

Property Type

Commercial

Taxes

$ 7,225

Style

Lot Size

0.38

Year Built

1946

Town/City

Fort Collins

County/Region

Larimer

MLS | Web ID

5510299

Features
General
Sewer Public Sewer
Roof Composition
Zoning LMN
Garage Spaces 0
Construction Materials Wood Siding
Year Built 1946
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family
County Larimer
Property Type Commercial Sale
Attached Garage N
Status Active
City Fort Collins
Number Of Units Total 8
Lot Size Units Acres
Lot Size Square Feet 16552.8
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 7225
Leasable Area 4700
Standard Status Active
Cap Rate 3.89
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Exterior
Total Parking 10
Lot Size Area 0.38
Building Area Total 4797
Lot Size Acres 0.38
Road Surface Type Paved
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Internal Only
Street Number 1 811
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* Excluded Features
List By
Modus Real Estate

Broker

(720) 496-8868

Phone

Affordability Calculator

$7,863
Per Month
92%
8%
0%
Monthly Principal & Interest
$7,261
Monthly Property Taxes
$602
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/13/2026$0 Listed Price

Map


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811 E Prospect Road, Fort Collins, CO, 80525 is a Commercial Property for sale at $1,150,000 with 4,797 sqft and a lot size of 0.38. 811 E Prospect Road was built in 1946. The property's zip code is 80525 which is in Fort Collins, CO