The Valley Apartments consists of 13 units across Three (3) buildings, centrally located at 604 - 606 E Eisenhower Blvd Loveland, Colorado. The property spans two separate parcels, including a converted office building with Five (5) units comprised of Four (4) 1bed/1bath and One (1) studio unit, and a second parcel featuring Eight (8) units from a converted motel consisting of Five (5) 1bed/1bath units, One (1) studio, One (1) large 2bed/1bath unit, and One (1) #bed/1bath unit. The asset represents a true value-add opportunity driven by below market in place rents, interior renovation potential, and operational inefficiencies. Several units feature dated finishes and offer immediate upside through a light to moderate renovation program including flooring, kitchens, bathrooms, fixtures, and appliances, with market rents in the Loveland submarket supporting meaningful rent growth upon turnover. Additional upside exists through utility expense optimization, improved property management practices, and lease restructuring, while the two-parcel configuration and diverse unit mix provide flexibility for future repositioning or redevelopment.
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Zillow last checked:
Listing updated:
Listed by:
Philip Dankner303-321-5888,
Unique Properties
Source: IRES as distributed by MLS GRID,MLS#: 1053608
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 5
Heating
Forced Air
Features
Basement: None
Has fireplace: Yes
Fireplace features: Two or More
Interior area
Total structure area: 9,660
Total interior livable area: 9,660 sqft
Property
Features
Levels: Two
Stories: 2
Lot
Size: 0.55 Acres
Details
Parcel number: R0380288
Zoning: B
Special conditions: Private Owner
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Frame
Roof: Flat
Condition
New construction: No
Year built: 1949
Utilities & green energy
Water: City
Utilities for property: Electricity Available
Community & HOA
Community
Subdivision: Highland Park
HOA
Has HOA: No
Location
Region: Loveland
Financial & listing details
Price per square foot: $129/sqft
Annual tax amount: $8,873
Date on market: 3/12/2026
Listing terms: Cash,Conventional
Tenant pays: Deposit
Electric utility on property: Yes
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/27/2026
Price change
$1,250,000-3.8%$129/sqft
Source: IRES as distributed by MLS GRID #1053608Report a problem
3/12/2026
Listed for sale
$1,300,000$135/sqft
Source: IRES as distributed by MLS GRID #1053608Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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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.