Do Real Estate on the Go!
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Do Real Estate on the Go!
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$625,000
9 Beds
6 Baths
4,878sqft
1337 Merl Pl, Longmont, CO 80501
$625,000
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Triplex
Built in 1977
$-- HOA
13,419 sqft lot
$128/sq.ft
Description
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 gen...
Continue Reading- Houzeo last checked: 35 Minutes ago
- Listing updated: February 3, 2026 at 2:11 pm
- Listing Provided by: Brian Sundberg (303) 931-5483 , Karen Schaefer | Compass - Boulder (303) 487-5472
- Source: DENVER (RE COLORADO) MLS-CO | MLS#: IR1050580
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1977
HOA Fees
-
Finished Area
4,878 sqft
Lot Size
13,419 sqft lot
Basement Area
- sqft
MLS Name
DENVER (RE COLORADO) MLS
MLS Number
IR1050580
MLS Status
Active
Days on Market
4
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