The Valley Apartments

604 - 606 E Eisenhower Blvd, Loveland, CO 80537

Property Information

  • For Sale $1,050,000
  • Property Type Multi-Family
  • Property Size 6,490 SF
  • Units 13
  • Lot Size 0.55 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1949
  • Year Renovated 1976
  • Date Updated Oct 21, 2026

Description

Loveland is a stable Northern Colorado multifamily submarket supported by steady population growth, relative Front Range affordability, and a diverse economy spanning advanced manufacturing, aviation, bioscience, energy, technology, health and wellness, and food and agriculture. Positioned along Highway 34 with convenient access to Interstate 25, the area connects efficiently to Fort Collins, Greeley, Longmont, and the broader Denver metro. Downtown reinvestment, growth at the Centerra retail and medical district, and an extensive parks and trail network continue to strengthen the submarket’s appeal. For investors, The Valley Apartments is situated in a durable market defined by measured new supply, balanced housing fundamentals, and consistent renter demand.The Valley Apartments is a 13-unit multifamily offering across three buildings and two parcels at 604 - 606 E Eisenhower Blvd in Loveland, Colorado. The property includes a converted office building and a converted motel with a diverse unit mix, creating flexibility for future repositioning or redevelopment. This fully occupied asset presents a value-add opportunity through below-market in-place rents, interior renovations, and operational improvements. Several units feature dated finishes and are well suited for updates to flooring, kitchens, bathrooms, fixtures, and appliances. B - Developing Business zoning supports continued apartment use and offers long-term flexibility for redevelopment or mixed-use repositioning.

Highlights

  • Acquisition price-per-unit basis (100k/unit) compares favorably to recent small-multifamily sales across Loveland and the broader Northern Colorado region
  • Central Loveland positioning along a primary regional corridor (Highway 34) with strong connectivity to Fort Collins, Greeley, Estes Park, and the broader Northern Colorado employment base, supporting durable renter demand
  • Favorable Developing Business (Loveland B) zoning, permitting multifamily residential uses by right through administrative approval, minimizing entitlement risk and supporting long-term redevelopment potential
  • Opportunity to improve management practices, streamline expenses, and optimize utilities, supporting NOI expansion beyond renovation-driven rent increases
  • Several units feature dated finishes and are well-suited for a light to moderate renovation scope, including flooring, kitchens, bathrooms, fixtures, and appliances, enabling meaningful rent growth

Contacts

Location

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