Overview
Marcus & Millichap is pleased to present 2012 Plum Street, a 10-unit multifamily property located in the thriving city of Fort Collins, Colorado. The property features a unit mix of two-bedroom apartments, catering to a wide range of renters including students, young professionals, and small families. Each unit offers spacious layouts and functional floor plans, with 9 out of 10 units benefiting from recent renovations.
2012 Plum Street enjoys a strong location just minutes from Colorado State University, Downtown Fort Collins, and the vibrant retail and dining options along West Elizabeth Street. This central location provides residents with excellent access to major employers, public transportation, and recreational amenities such as Rolland Moore Park and the Spring Creek Trail.
With Fort Collins consistently ranked among the top cities in Colorado for quality of life, job growth, and rent stability, 2012 Plum Street represents a rare opportunity to acquire a low-maintenance, cash-flowing asset in a supply-constrained submarket. The property is ideally positioned for both long-term hold and value-add strategies, with potential upside through further interior renovations and market rent increases.
Investment Highlights
Prime Fort Collins Location
2012 Plum Street offers a rare opportunity to acquire a 10-unit multifamily property in the heart of Fort Collins, one of Colorado’s strongest and most resilient rental markets. The property features spacious two-bedroom units across a well-maintained, low-density site just minutes from Colorado State University and Downtown Fort Collins.
Value-Add Potential
Nine of the ten units have been recently renovated, providing immediate in-place income with room for additional upside. Investors can further enhance returns through completing interior upgrades, implementing utility bill-backs, and capturing full market rents in a submarket that continues to see consistent rent growth.
Appeal to Diverse Tenant Base
The property’s location attracts a mix of students, young professionals, and small families drawn to Fort Collins’ combination of lifestyle, convenience, and outdoor access. Nearby West Elizabeth Street offers abundant retail and dining options, while Rolland Moore Park and the Spring Creek Trail provide popular recreation amenities within walking distance.
Strong Market Fundamentals
Fort Collins continues to outperform statewide averages in rent growth and job creation, supported by a diversified economy anchored by major employers such as Colorado State University, Hewlett Packard, Woodward, and UCHealth. With high barriers to homeownership and limited Class B and C supply, 2012 Plum Street stands out as a well-positioned asset in a supply-constrained market offering steady cash flow and long-term appreciation potential.
Fort Collins Top Employers
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