Public Remarks: Check out this fantastic investment opportunity in Evans! This four-unit property offers comfortable living for tenants and profits for the owner. Property under leased - time for a more active owner to bring out the financial capabilities of this investment, with a potential Cap rate of 6.98%. Each unit has a window A/C, and a domestic boiler heats the building. This 4-plex in Northern Colorado is a great investment opportunity with 10 bedrooms and 6 bathrooms, making it the best value in Northern Colorado. Constructed with 80% brick and recently upgraded with a new roof featuring Class 4 shingles, new gutters, fresh paint, and modern garage doors with openers, the property is designed for long-term durability and minimal maintenance. The consistent occupancy rate since 2016, with no vacancies and no need for active listings, underscores its rental solid demand. 2 oversized single-car garages attached to the 3/2 units add further value, making it an ideal choice for tenants seeking convenience and space. Additionally, being 1 block from the charter elementary school attracts families looking for educational opportunities, and 2 blocks from the fantastic Monfort Family Clinic and grocery store creates a walkable environment to enhance its rental appeal. This 4-plex is more than just an investment - it's a pathway to building lasting wealth.
Multi-familyProperty Type
1970Year Built
0.29 acresLot Size
$135Est. Price/Sq.Ft.
8 spacesParking
Listed by Nikki Dishneau• eXp Realty - Hub
Contact: 9706463013
Bought with Yadira Carrillo• Colorado Dream Homes Realty
4-PLEX IN EVANS-GOOD INCOME GENERATOR! CURRENTLY GROSS $2,325/MO. 2-3 BDRM UNITS, 2-2BDRM UNITS. 2 ATTACHED GARAGES + 4 CARPORT SPACES IN ADDITION TO OFF STREET PARKING. EACH UNIT INCLUDES ALL APPLIANCES PLUS WASHER/DRYER HOOKUPS. RECENT UPDATING TO UNITS AND BRICK EXTERIOR MAKE FOR A LOW MAINTENANCE INVESTMENT! CALL PRES MONTOYA 381-1973 OR CHALICE 304-3342 FOR ALL THE DETAILS!
Year
Property tax
Land + Additions
Assessment*
2025
$4,251 (+23.1%)
$7,100 + $34,150
$41,250
2024
$3,455 (+4.4%)
$7,100 + $34,150
$41,250
2023
$3,308 (+19.2%)
$5,920 + $35,080
$41,000
2022
$2,775 (−5.1%)
$5,800 + $23,420
$29,220
2021
$2,925 (+1.0%)
$5,800 + $23,420
$29,220
2020
$2,896 (−0.2%)
$6,100 + $24,620
$30,720
2019
$2,903 (+35.8%)
$6,100 + $24,410
$30,510
2018
$2,138 (−0.5%)
$6,100 + $24,410
$30,510
2017
$2,148 (+32.1%)
$5,460 + $18,140
$23,600
2016
$1,626 (+37.8%)
$5,460 + $18,140
$23,600
2014
$1,180 (−1.5%)
$4,670 + $15,230
$19,900
2013
$1,199 (−3.6%)
$3,020 + $11,150
$14,170
2012
$1,243 (+0.2%)
$3,020 + $11,690
$14,710
2011
$1,240 (+10.2%)
$3,020 + $11,690
$14,710
2010
$1,125 (+0.7%)
$3,020 + $11,390
$14,410
2009
$1,117
$3,020 + $11,390
$14,410
Tax history for 2911 State Farm Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,251 (+23.1%)
$7,100 + $34,150
$41,250
2024
$3,455 (+4.4%)
$7,100 + $34,150
$41,250
2023
$3,308 (+19.2%)
$5,920 + $35,080
$41,000
2022
$2,775 (−5.1%)
$5,800 + $23,420
$29,220
2021
$2,925 (+1.0%)
$5,800 + $23,420
$29,220
2020
$2,896 (−0.2%)
$6,100 + $24,620
$30,720
2019
$2,903 (+35.8%)
$6,100 + $24,410
$30,510
2018
$2,138 (−0.5%)
$6,100 + $24,410
$30,510
2017
$2,148 (+32.1%)
$5,460 + $18,140
$23,600
2016
$1,626 (+37.8%)
$5,460 + $18,140
$23,600
2014
$1,180 (−1.5%)
$4,670 + $15,230
$19,900
2013
$1,199 (−3.6%)
$3,020 + $11,150
$14,170
2012
$1,243 (+0.2%)
$3,020 + $11,690
$14,710
2011
$1,240 (+10.2%)
$3,020 + $11,690
$14,710
2010
$1,125 (+0.7%)
$3,020 + $11,390
$14,410
2009
$1,117
$3,020 + $11,390
$14,410
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
10
Baths
6
Stories
1
Lot width
—
Lot depth
—
Lot size
0.29 Acres
Year renovated
—
Sq. Ft.
4,844
Year built
1970
Style
Other
County
Weld County
APN
R3877286
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 31, 2026.
R-3
High-Density Residential District
The intent of the R-3 zone district is to include a variety of multifamily and single-family dwellings in an urban environment. Allowable uses in this district are intended to be harmonious with high-density residential living and should support local neighborhoods.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Public service
Educational/school
Recreation
Communications tower
Property details
Parking
Parking Features
Other Parking: Parking Per Unit(1.5 Spaces/Unit)
Interior
Bedroom Information
Bedrooms Total: 10
Heating & Cooling
Cooling: Yes
Heating: Yes
Hot Water
Interior Features
Self Cleaning Oven
Room Information
Basement: None
Exterior
Exterior Features
Balcony
Patio and Porch Features: Patio
Roof: Composition
Land Information
Road Surface Type: Paved, Asphalt
Lot Information
Horse(s): No
Zoning: Multifam
Property Information
Property Type: Residential Income
View: Yes
Waterfront: No
Subdivision Information
Subdivision Name: Lakeshore
MLS Area Major: Greeley/Weld
Building Information
Construction Materials: Wood/Frame, Brick/Brick Veneer
Financial
Tax Information
Parcel Number: R3877286
Tax Annual Amount: 3308
Tax Year: 2023
Lease Information
Gross Income: 63600
Income Includes: Lease/Rents
Operating Expense: 18304
Financial Information
Listing Terms: Cash, Conventional, 1031 Exchange
Utilities
Utility Information
Utilities: Natural Gas Available, Electricity Available
Electric: Electric,Atmos
Gas: Natural Gas,Excel
Sewer: City Sewer
Location
Multi-Unit Information
Number of Units Total: 4
Multi-Family Financial Information
Cap Rate: 6.98
Net Operating Income: 45296
Tenant Pays: Electricity
HOA Information
Association: No
School Information
High School District: Greeley 6
Elementary School: Centennial,Union Colony
Middle or Junior School: Chappelow
High School: Greeley Central
Location Information
Directions: Use GPS. This four-plex is on the East side of State Farm Road.
Unparsed Address: 2911 State Farm Rd Evans CO 80620
Street Number: 2911
Street Name: State Farm
Street Suffix: Rd
City: Evans
State or Province: CO
County or Parish: Weld
Country: US
Postal Code: 80620
Coordinates: -104.69375,40.38977
Latitude: 40.38977
Longitude: -104.69375
Public facts
Beds: 10
Baths: 6.0
Sq. Ft.: 4,844
Stories: 1.0
Lot Size: 0.29 acres
Style: Other
Year Built: 1970
Year Renovated: —
County: Weld County
APN: R3877286
Home facts updated by county records on Aug 31, 2026
Other
Listing Information
Attribution Contact: 9706463013
Close Price: $660,000
Photos Count: 40
Possible Use: Multi-Family
Special Listing Conditions: Private Owner
Standard Status: Closed
Listing Date Information
Close Date: Wednesday, October 2, 2024
Cumulative Days on Market: 34
Days on Market: 34
Listing Contract Date: Saturday, August 17, 2024
Modification Timestamp: Wednesday, October 2, 2024 8:42 PM
Home Information
Levels: Two
Window Features: Window Coverings
Year Built: 1970
Around this home
Schools
Jackson Elementary School
Public K-5 • Assigned • 1.0mi
2/10
Prairie Heights Middle School
Public 6-8 • Assigned • 5.0mi
7/10
Greeley West High School
Public 9-12 • Assigned • 2.4mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 95° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Evans, CO • 80620
Average low and high temperatures (°F)
42
15
52
21
66
34
67
37
74
46
87
57
92
60
89
59
84
51
71
41
55
28
52
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$620,000 – $751,000
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