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For sale
  • Price cut: $30K (7/20)
    $760,000

    3609-3615 Butternut Dr, Loveland, CO 80538

    8beds
    4baths
    887sqft
    : 
    $4,627/mo
    Get pre-qualified
    Multi Family
    Built in 1971
    -- sqft lot
    $-- Zestimate®
    $857/sqft
    $-- HOA

    What's special

    Mature shade treesPrivate patiosLarge irrigated yardInviting porchesAutomatic sprinkler systemPrivate outdoor spacesGenerous off-street parking
    TURNKEY 4-PLEX INVESTMENT OPPORTUNITY IN THE HEART OF LOVELAND!Exceptional opportunity to own a well-maintained fourplex in one of Loveland's most convenient locations.With strong rental history, long-term tenants, and future upside potential, this property offers the ideal combination of immediate cash flow and long-term investment value.Each of the four spacious units offers approximately 887 sq ft of living space and features through-the-wall air conditioning, private outdoor spaces and individually metered electric service paid directly by tenants.Residents enjoy a unique residential feel rarely found in multifamily properties: a large irrigated yard,mature shade trees, automatic sprinkler system, inviting porches, private patios & generous off-street parking. Each unit is assigned its own driveway parking area with space for two vehicles, adding to tenant convenience.The property also includes a coin-operated laundry room,providing additional income potential and convenience for residents.Recent improvements demonstrate pride of ownership and thoughtful maintenance, including exterior paint completed within the last year, interior paint updates throughout the units within the past few years, updated flooring in three of the four units, & one of the two 50-gallon water heaters replaced within the last year. Units 3609, 3611, and 3613 feature newer luxury vinyl plank flooring and/or carpet,Current rental income totals $5,440 per month, with rents of $1,400, $1,300, $1,440, and $1,300 respectively. Several tenants have established long-term residency, all residents have expressed interest in renewing their leases, there is potential for future rent increases.Conveniently located near shopping, public transportation, this investment property offers stable income, low-maintenance ownership, strong tenant appeal, and turnkey management potential.Whether you're expanding your portfolio or entering the multifamily market, this Loveland fourplex is a rare opportunity.
    59 days
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    212
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    14
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tara Moreno 970-443-5034,

    RE/MAX Alliance-Loveland

    Source: IRES as distributed by MLS GRID,MLS#: 1062281MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Baseboard
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Electric Range, Dishwasher, Refrigerator, Disposal
      Features
      • Windows: Window Coverings
      • Basement: None
      Interior area
      • Total structure area: 887
      • Total interior livable area: 887 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 8
      • Details: 2 Spaces/Unit
      Accessibility
      • Accessibility features: Level Lot, Low Carpet, No Stairs, Main Floor Bath, Accessible Bedroom
      Features
      • Levels: One,Two
      • Stories: 2
      • Patio & porch: Deck
      • Exterior features: Sprinkler System
      • Fencing: Partial,Wood
      Lot
      • Size: 0.31 Acres
      • Features: Level, Paved, Curbs, Gutters, Sidewalks
      Details
      • Parcel number: R0348821
      • Zoning: R3E
      • Special conditions: Private Owner

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1971

      Utilities & green energy

      • Electric: CITY OF LOVELAND
      • Gas: XCEL
      • Sewer: Public Sewer
      • Water: City
      • Utilities for property: Natural Gas Available, Electricity Available

      Community & HOA

      Community
      • Features: Park, Community Laundry
      • Security: Fire Alarm
      • Subdivision: Sunset Acres
      HOA
      • Has HOA: No
      Location
      • Region: Loveland

      Financial & listing details

      • Price per square foot: $857/sqft
      • Annual tax amount: $4,875
      • Date on market: 6/19/2026
      • Listing terms: Conventional
      • Tenant pays: Deposit, Electricity
      • Income includes: Lease/Rents
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/20/2026Price change$760,000-3.8%$857/sqft
        Source: IRES as distributed by MLS GRID #1062281 Report a problem
        6/19/2026Listed for sale$790,000-7%$891/sqft
        Source: IRES as distributed by MLS GRID #1062281 Report a problem
        12/15/2024Listing removed$849,900$958/sqft
        Source: IRES as distributed by MLS GRID #1018495 Report a problem
        12/9/2024Price change$849,900-2.9%$958/sqft
        Source: IRES as distributed by MLS GRID #1018495 Report a problem
        10/22/2024Price change$875,000-1.1%$986/sqft
        Source: IRES as distributed by MLS GRID #1018495 Report a problem
        10/7/2024Price change$885,000-1.1%$998/sqft
        Source: IRES as distributed by MLS GRID #1018495 Report a problem
        9/12/2024Listed for sale$895,000$1,009/sqft
        Source: IRES as distributed by MLS GRID #1018495 Report a problem
        8/21/2024Listing removed$895,000$1,009/sqft
        Source: IRES as distributed by MLS GRID #1011026 Report a problem
        7/1/2024Price change$895,000-3.2%$1,009/sqft
        Source: IRES as distributed by MLS GRID #1011026 Report a problem
        6/1/2024Listed for sale$925,000$1,043/sqft
        Source: IRES as distributed by MLS GRID #1011026 Report a problem
        5/18/2024Listing removed--
        Source: IRES as distributed by MLS GRID #1000172 Report a problem
        3/28/2024Price change$925,000-1.5%$1,043/sqft
        Source: IRES as distributed by MLS GRID #1000172 Report a problem
        2/20/2024Price change$939,500-1.1%$1,059/sqft
        Source: IRES as distributed by MLS GRID #1000172 Report a problem
        1/16/2024Price change$950,000-2.6%$1,071/sqft
        Source: IRES as distributed by MLS GRID #1000172 Report a problem
        11/30/2023Listed for sale$975,000+55.8%$1,099/sqft
        Source: IRES as distributed by MLS GRID #1000172 Report a problem
        8/28/2020Sold$626,000+0.2%$706/sqft
        Source: IRES as distributed by MLS GRID #918785 Report a problem
        7/23/2020Pending sale$625,000$705/sqft
        Source: eXp Realty LLC #918785 Report a problem
        7/21/2020Listed for sale$625,000$705/sqft
        Source: eXp Realty LLC #918785 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 80538

        Getting around

        42 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lincoln
        • Middle: Erwin, Lucile
        • High: Loveland

        Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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