3681 Butternut, Loveland, CO 80538
3681 Butternut, Loveland, CO 80538
3681 Butternut, Loveland, CO 80538
3681 Butternut, Loveland, CO 80538
3681 Butternut, Loveland, CO 80538
3681 Butternut, Loveland, CO 80538
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$ 765,000
Est. payment | /mo

8 Beds

4 Baths

3,596 SqFt


Save
$ 765,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,596 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,596 sqft

Subdivision 22742 - Ridgewood

MLS Listing ID IRE5369991

Bedrooms 8

HOA Y/N No

Year Built 1979

Annual Tax Amount $4,223

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Source ires

Property Description

Marcus & Millichap is pleased to present 3681 Butternut Drive, a well-located four-unit multifamily property in the heart of Loveland, Colorado. Situated just minutes from Downtown Loveland, residents enjoy convenient access to a wide array of retail, dining, and entertainment options, including The Promenade Shops at Centerra, The Marketplace at Centerra, and numerous local restaurants and services. The property also benefits from proximity to major employers such as UCHealth Medical Center of the Rockies, McKee Medical Center, Hach, Woodward, and Banner Health, while offering easy access to Highway 34 and Interstate 25. Outdoor recreation is abundant, with nearby Benson Sculpture Garden, Mehaffey Park, Boyd Lake State Park, Devil's Backbone Open Space, and the extensive Loveland Recreation Trail system providing year-round amenities that continue to attract and retain residents.

The asset features an increasingly scarce unit mix comprised entirely of spacious two-bedroom residences, offering floorplans that appeal to a broad tenant base including young professionals, roommates, small families, and long-term renters seeking more living space. Offered at pricing below recent comparable sales, 3681 Butternut Drive presents investors with an attractive basis in one of Northern Colorado's strongest rental markets. In addition, the property offers meaningful operational upside through continued rental growth, allowing new ownership to capitalize on below-market rents while benefiting from Loveland's strong population
growth, expanding employment base, and long-term housing demand

Location

State CO

County Larimer

Community 22742 - Ridgewood

Area Loveland/Berthoud

Zoning R3

Interior

Heating Baseboard

Exterior

Parking Features Off Street

Garage Spaces 8.0

View Y/N No

Roof Type Composition

Garage Yes

Building

Lot Description Level

Sewer Public Sewer

Level or Stories Bi-Level

Structure Type Frame

New Construction false

Schools

Elementary Schools Lincoln

Middle Schools Bill Reed

High Schools Thompson R2-J

School District Thompson R2-J

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Charles Burkhart

NEARBY SCHOOLS & PROPERTIES

Holly Vermeern

Making real estate fun, simple and stress-free!

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3681 Butternut