Marcus & Millichap is pleased to present a rare opportunity to acquire a 22-unit multifamily portfolio strategically located in Longmont, Firestone, and Greeley, Colorado. These properties can be purchased together as a portfolio or individually, offering flexibility for investors seeking scale or targeted acquisitions.
This portfolio is positioned in three of Northern Colorado’s most dynamic submarkets, each experiencing rapid growth and strong rental demand. Longmont has a population exceeding 100,000 residents, with projections continuing upward and median household incomes near $78,588. Firestone has grown from fewer than 2,000 residents in 2000 to over 16,000 today, with projections surpassing 22,000 by 2030, supported by average household incomes above $145,000. Greeley has seen more than 32% population growth in the last decade, far outpacing the national average, and household growth is projected to increase another 6–7% by 2029.
Northern Colorado’s economic strength is anchored by major employers such as Seagate, UCHealth, JBS USA, Banner Health, and Vestas, ensuring a stable employment base. Rent growth remains robust, with Weld County projected to see 3.1% growth in 2025 and 4.1% in 2026, while limited new multifamily supply creates high barriers to entry. Homeownership costs have surged—average home prices in Greeley have risen 46% since 2017, making renting a more affordable option and driving sustained demand for quality rental housing.
Each property offers below-market rents and clear value-add potential, with desirable two-bedroom layouts, in-unit laundry, garages, and townhome-style designs. Combined with competitive pricing, solid going-in cap rates, and strong projected returns, this portfolio represents an exceptional opportunity for investors seeking stability, growth, and flexibility in one of Colorado’s fastest-growing regions.
Strong Front Range Locations
Located in Longmont, Firestone, and Greeley markets with 16K–100K+ residents and 32%+ growth in Greeley over the last decade. Close to major employers like Seagate, UCHealth, and JBS USA.
Value-Add Upside
Current rents are 15–30% below market (e.g., $1,263 vs. $1,650 in Longmont). Renovation and repositioning offer clear paths to boost NOI and returns.
Favorable Market Dynamics
Weld County rent growth projected at 3.1% in 2025 and 4.1% in 2026. Home prices up 46% since 2017, making renting 52% cheaper than buying and driving strong rental demand.
Desirable Unit Mix
Portfolio includes 22 units, mostly two-bedroom layouts (700–900 SF), many with in-unit laundry, garages, or townhome-style designs, features renters want.
Attractive Pricing & Returns
Price per unit ranges $155K–$187K. Year 1 cap rates up to 6.94%, offering strong entry returns with upside from rent growth and operational improvements.