Excellent opportunity to own a fully rented 4-plex in the heart of Loveland, just minutes from Lake Loveland, shopping, dining, and major commuter routes. Located at 414-420 Mulberry Drive, this well-maintained multi-family property offers four spacious units, each featuring 3 bedrooms and 2 bathrooms. Each unit provides approximately 1,184 finished square feet across three levels, including a bright main-level living room, functional kitchen with patio access, two upstairs bedrooms with a shared full bath, and a fully finished basement complete with a third bedroom, second bathroom, laundry area, utility space, and rec room - an ideal layout for tenants seeking space and flexibility. All four units are currently rented, providing immediate income and a strong addition to any investment portfolio. With a desirable Loveland location, strong rental configuration, and a proven income history, this property presents a rare opportunity for both seasoned and first-time investors.
For sale
Price cut: $75K (7/20)
$985,000
414-420 Mulberry Dr, Loveland, CO 80538
12beds
8baths
4,736sqft
Multi Family
Built in 1986
-- sqft lot
$958,700 Zestimate®
$208/sqft
$-- HOA
What's special
Fully finished basement
- 182 days |
- 189 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Spencer 970-214-0263,
Group Harmony,
Emily Jones 970-948-1008,
Group Harmony
Source: IRES as distributed by MLS GRID,MLS#: 1052120
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Forced Air
Appliances
- Included: Electric Range, Dishwasher, Refrigerator
- Laundry: Washer/Dryer Hookup
Features
- Eat-in Kitchen, Outside Entry
- Basement: Full,Partially Finished
Interior area
- Total structure area: 4,736
- Total interior livable area: 4,736 sqft
Property
Parking
- Total spaces: 8
- Details: 2 Spaces/Unit
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
Lot
- Size: 9,803 Square Feet
Details
- Parcel number: R0759341
- Zoning: R3
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Composition
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Electric: City of Loveland
- Gas: Xcel Energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Natural Gas Available, Electricity Available
Community & HOA
Community
- Subdivision: Ridgewood
HOA
- Has HOA: No
Location
- Region: Loveland
Financial & listing details
- Price per square foot: $208/sqft
- Annual tax amount: $4,433
- Date on market: 2/20/2026
- Listing terms: Cash,Conventional
- Exclusions: Tenants personal property, Washers (4), Dryer (4)
- Tenant pays: Deposit, Gas, Electricity, Water
- Electric utility on property: Yes
Estimated market value
$958,700
$911,000 - $1.01M
$1,857/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Price change | $985,000-7.1%$208/sqft |
Source:  IRES as distributed by MLS GRID #1052120 Report a problem | ||
| 2/20/2026 | Listed for sale | $1,060,000$224/sqft |
Source: IRES as distributed by MLS GRID #1052120 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 80538
Nearby schools
GreatSchools rating
- 7/10Lincoln Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Lucile Erwin Middle SchoolGrades: 6-8Distance: 1.7 mi
- 5/10Loveland High SchoolGrades: 9-12Distance: 0.8 mi
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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A local agent can set up tours, give advice and negotiate with sellers.
