3681 Butternut Drive
Loveland, CO, 80538 $ 765,000
Bedrooms8 Baths4.0 Sq 3,596 Monthly Estimate*
$ 4,830
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
for $765,000 with 8 bedrooms and 4 full baths. This 3,596 square foot home was built in 1979 on a lot size of 0.26.
Marcus & Millichap is pleased to present 3681 Butternut Drive, a well-located four-unit multifamily property in the heart of Loveland, Colorado. Situated just minutes from Downtown Loveland, residents enjoy convenient access to a wide array of retail, dining, and entertainment options, including The Promenade Shops at Centerra, The Marketplace at Centerra, and numerous local restaurants and services. The property also benefits from proximity to major employers such as UCHealth Medical Center of the Rockies, McKee Medical Center, Hach, Woodward, and Banner Health, while offering easy access to Highway 34 and Interstate 25. Outdoor recreation is abundant, with nearby Benson Sculpture Garden, Mehaffey Park, Boyd Lake State Park, Devil’s Backbone Open Space, and the extensive Loveland Recreation Trail system providing year-round amenities that continue to attract and retain residents. The asset features an increasingly scarce unit mix comprised entirely of spacious two-bedroom residences, offering floorplans that appeal to a broad tenant base including young professionals, roommates, small families, and long-term renters seeking more living space. Offered at pricing below recent comparable sales, 3681 Butternut Drive presents investors with an attractive basis in one of Northern Colorado’s strongest rental markets. In addition, the property offers meaningful operational upside through continued rental growth, allowing new ownership to capitalize on below-market rents while benefiting from Loveland’s strong population growth, expanding employment base, and long-term housing demand
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FeaturesGeneralSewer Public Sewer
Heating Baseboard
Cooling None
Roof Composition
Zoning R3
Garage Spaces 0
Construction Materials Frame
Exclusions n/a
Year Built 1979
Levels Bi-Level
Property Subtype Quadruplex
Tax Year 2025
Ownership Individual
County Larimer
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name 22742 - RIDGEWOOD
Status Active
High School Loveland
City Loveland
Senior Community Y/N N
High School District Thompson R2-J
Lot Size Units Acres
Lot Size Square Feet 11325.6
Carport Spaces 0
Listing Terms Cash Conventional Other
Elementary School Lincoln
Tax Annual Amount 4223
Middle/Junior High School Bill Reed
Structure Type Quadruplex
Standard Status Active
Occupancy Type Owner
Middle/Junior School District Thompson R2-J
Elementary School District Thompson R2-J
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ExteriorLot Features Level
Total Parking 8
Lot Size Area 0.26
Building Area Total 3596
Lot Size Acres 0.26
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InteriorBasement (Y/N) N
Above Grade Finished Area 3594
Total Bedrooms 8
Total Baths 4
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* Excluded FeaturesList ByMarcus & Millichap Real Estate Investment Services Of Atlanta, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $4,830
- Monthly Property Taxes
- $352
- 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.
Learn more about how to save NearbyMulti-family listings in Loveland, CO
Average List Price $614,092
Percent of Sale Price 20%
About Loveland, CO 76,459 Population
43% Since 2002
$ 62,013 Median Income
40.69 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
3043547 Elementary School
1524306 Middle School
Loveland High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/16/2026 | $765,000 | | Listed Price |