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For sale
  • $569,000

    905 S 2nd Avenue, Sterling, CO 80751

    5beds
    5baths
    3,006sqft
    : 
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    Quadruplex
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $189/sqft
    $-- HOA

    What's special

    Private patioElectric cook topsNew exterior paintExterior storage unitsLed lighting
    This is a rare opportunity to own a well-kept, fully leased property in a strong rental market. Whether you’re expanding your portfolio or seeking a stable income-producing asset, the Patio Apartments in Sterling are an investment you won’t want to miss! Now available, The Patio Apartments, a unique and highly desirable 5-unit multifamily property located at 905 S 2nd Ave, Sterling, CO. This well-maintained income property is a proven earner with a strong rental history, long-term tenants, and recent updates that make it truly turnkey. Property Highlights: • Fourplex + Single Unit (5 total) – Each unit is 1 bed / 1 bath with kitchen, living room, laundry, and private patio. • Renovation Upgrades Include: o New exterior paint and landscaping o New perimeter fencing o LED lighting inside two updated units & throughout exterior o In-unit washer/dryers in every apartment o Some units with new electric cook tops o Two units recently refreshed with new paint and lighting • 5 exterior storage units available for tenant rental • Ample public parking directly in front for tenants and guests Investment Advantage: • Fully leased through June 30, 2026 with reliable tenants • One tenant has called this property home for over 20 years • Units are easy to rent due to desirable layout and convenient location • Stable rental demand from nearby Sterling Correctional Facility and strong local employment base Sterling is the largest city in Northeastern Colorado, offering a balance of small-town charm and essential amenities. With a growing economy, anchored by healthcare, corrections, education, and local businesses, Sterling provides a steady pool of reliable tenants. Outdoor enthusiasts appreciate its proximity to North Sterling State Park for boating, fishing, and recreation. The city’s vibrant downtown, local shops, and community events add to the appeal for both residents and investors. Call Jon for additional information at 303-246-8740 mobile/text
    310 days
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    111
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    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Deborah Kleppe 303-828-2800 deb@mountain-east.com,

    Mountain East Real Estate

    Source: REcolorado as distributed by MLS GRID,MLS#: 9240327MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      Heating
      • Forced Air
      Cooling
      • None
      Features
      • Has basement: No
      • Common walls with other units/homes: 1 Common Wall
      Interior area
      • Total structure area: 3,006
      • Total interior livable area: 3,006 sqft
      • Finished area above ground: 3,006

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered
      • Exterior features: Balcony
      Details
      • Parcel number: 6686000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Materials
      • Brick, Metal Siding, Wood Siding
      • Roof: Composition
      Condition
      • Year built: 1959

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Available, Internet Access (Wired), Natural Gas Available, Phone Available

      Community & HOA

      Community
      • Subdivision: Reval Area 1
      HOA
      • Has HOA: No
      Location
      • Region: Sterling

      Financial & listing details

      • Price per square foot: $189/sqft
      • Tax assessed value: $302,637
      • Annual tax amount: $1,265
      • Date on market: 9/8/2025
      • Listing terms: 1031 Exchange,Cash,Conventional,Jumbo,VA Loan
      • Exclusions: None
      • Ownership: Corporation/Trust
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/8/2025Listed for sale$569,000+13.8%$189/sqft
        Source: REcolorado as distributed by MLS GRID #9240327 Report a problem
        4/12/2023Sold$500,000+0%$166/sqft
        Source: Public Record Report a problem
        12/2/2022Price change$499,900-8.9%$166/sqft
        Source: RE/MAX International #3514140 Report a problem
        10/29/2022Price change$549,000-3.5%$183/sqft
        Source: RE/MAX International #3514140 Report a problem
        9/25/2022Listed for sale$569,000+26.4%$189/sqft
        Source: RE/MAX International #3514140 Report a problem
        12/30/2021Sold$450,000$150/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,083 -26.9%$20,270 -1%
        2023$1,483 +0.1%$20,470
        2022$1,482 -0.7%--
        2021$1,493 +0.3%--
        2020$1,489 --
        2019$1,489 +126%$35,220 +352.7%
        2018$659 $7,780 -79.4%
        2017$659 -28.1%$37,800 -5.6%
        2015$917 $40,030 -13.9%
        2014$917 $46,500
        2013$917 $46,500 -7.7%
        2012-- $50,370 -1.1%
        2010-- $50,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 80751

        Getting around

        50 / 100
        Car-Dependent
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Ayres
        • Middle: Sterling
        • High: Sterling
        • District: Valley RE-1

        Source: REcolorado 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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