3681 Butternut Drive, Loveland, CO 80538
Local realty services provided by:ERA Teamwork Realty
3681 Butternut Drive,Loveland, CO 80538
$765,000
- 8 Beds
- 4 Baths
- 3,596 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:5369991
Source:ML
Price summary
- Price:$765,000
- Price per sq. ft.:$212.74
About this home
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...
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Home facts
- Year built:1979
- Subdivision & Development:22742 - RIDGEWOOD
- Listing ID #:5369991
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Living area:3,596 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1979
- Building area:3,596 sq. ft.
- Lot area:0.26 Acres
- Lot Features:Level
- Construction Materials:Frame
- Levels:Bi-Level
Schools
- High school:Loveland
- Middle school:Bill Reed
- Elementary school:Lincoln
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$765,000
- Price per sq. ft.:$212.74
- Tax amount:$4,223 (2025)
Parking
- Total parking spaces:8
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