$2,250,000
1405 Coffman Street presents a rare opportunity to own unique multi-family space located in central Longmont. The property features 12 two-bedroom, 1.5-bathroom units, each with a spacious patio, dedicated yard area, and storage unit, alongside a shared laundry facility. Located just a block off Main Street, 1405 Coffman offers investors a well-maintained multifamily asset in one of Boulder County's most livable and rapidly growing communities. The property benefits from its walkable setting near restaurants and local shops, while convenient access to Boulder and Denver expands its regional appeal. Long-term ownership has taken pride in maintaining the property, resulting in a clean, well-kept asset with stable occupancy. At the same time, current rents are below market, creating a clear opportunity for a new owner to implement strategic upgrades and reposition the units over time. As leases turn, interior improvements can support higher rental rates, offering meaningful upside while maintaining in-place cashflow. Each unit's private outdoor space and two dedicated parking spots set the property apart from many competing apartment options, providing added value to tenants and supporting long-term demand. Combined with its central location, functional layout, and consistent maintenance history, 1405 Coffman Street offers a compelling blend of stability and value-add potential in a market that continues to see strong growth and investment activity.
1062897
MLS
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ACTIVE UNDER CONTRACT
Status
1405 Coffman St, Longmont
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