2113-2139 28th St — Sale in Greeley, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Greeley, CO 80631

Investment Figures

Cap rate
7.49%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 2113-2139 28th St, a 14-unit investment opportunity in Greeley, CO. This property features 2 Bed, 1.5 Bath Townhome-style units with in-unit washer/dryer, allowing the opportunity to increase rents above 2-bedroom comparables in the area. With 2 units featuring recently renovated, investors have the stability of proven rents, with 12 units presenting a value-add opportunity. This multifamily property offers residents immediate access to nearby retail hubs such as the Greeley Mall and Centerplace of Greeley. Major employment centers are within commuting distance, including JBS USA, Banner Health, Leprino Foods, and the University of Northern Colorado, while U.S. Highway 34 and U.S. Route 85 provide straightforward commuter routes. Investment Highlights: • The property offers a 6.94% cap rate in Year 1, supported by stable occupancy and large two-bedroom townhome units that attract long-term renters and reduce turnover risk. • With the majority of units unrenovated, future updates provide a straightforward opportunity to increase rents and unlock dependable income growth in a strong, resilient rental market. • Walkable to retail hubs like Greeley Mall and Centerplace, and minutes from job centers including JBS, Banner Health, Leprino, and UNC—driving steady renter interest and strong absorption.

Market Context

This multifamily in Greeley, CO is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 78 days. Compare it against other multifamily listings for sale in Greeley, CO — view the full market.

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