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1337 Merl Place, Longmont, CO 80501

Local realty services provided by:CENTURY 21 CapRock Real Estate
1337 Merl Place,Longmont, CO 80501
$625,000
  • - Beds
  • - Baths
  • 4,878 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sat, Jan 31
    11:00 am - 01:00 pm
  • Wed, Feb 04
    11:30 am - 02:30 pm
Listed by: brian sundberg, karen schaefer3039315483
Office: compass - boulder
MLS#:IR1050580
Source:ML

Price summary

  • Price:$625,000
  • Price per sq. ft.:$128.13

About this home

This is the investment property that you've been waiting for. With nearly $60,000/year in rental income, this property, even after calculating in the property management expense of 8%, yields a capitalization rate of nearly 7! Located in a quiet culdesac, backing to Carr Park and just steps from Northridge Elementary, this a highly desirable location for renters with historically low vacancy rates. Tenants are stable and prefer to stay but all leases expire on 5/31 allowing reasonable flexibility for the new owner. All 3 units are identical with 3 BRs upstairs and one full BA with the primary BR having access to a private, west facing balcony. The main levels offers a generously sized living room, dining room, kitchen and half bath. The bonus potential upside in these units is the unfinished basement which allows for future expansion of number of bedrooms and rental income. And with massive parking lots, there are plenty of spaces for all of the tenants without parking issues. A new

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Home facts

  • Year built:1977
  • Listing ID #:IR1050580

Rooms and interior

  • Living area:4,878 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1977
  • Building area:4,878 sq. ft.
  • Lot area:0.31 Acres

Schools

  • High school:Longmont
  • Middle school:Longs Peak
  • Elementary school:Northridge

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$625,000
  • Price per sq. ft.:$128.13
  • Tax amount:$4,222 (2024)
MLS LogoBased on information submitted to the MLS GRID as of January 30, 2026 07:43 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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