120 Peterson St
Fort Collins, CO 80524
- 4 beds
- 4 baths
- – sqft
- 3,220 sqft lot
- 1912 build
- – on site
Earning a 5% cap rate, this well-established four-plex with excellent rental history is located in a prime old town/downtown Fort Collins location. The property consists of four 1 bed/1 bath units. Three units will be available by July 31 - new leases can be put in place by the new owner and there is the potential for very high rents. This coveted location is only one block from Old Town Square and one block from the library. The extremely well maintained property has a newer boiler for heating (hot water radiators), updated electrical, updated plumbing, and all have remodeled kitchens and baths. The sellers will install a new roof before closing. In addition to good mechanicals there are charming features like exposed brick, arched doorways and hardwood floors. Tenants share the clothes washer/dryer in the basement and the detached garage and shed provide shared storage. Sellers are participating in a 1031 exchange and the sale will be contingent upon finding a replacement property. Buyers to verify all information.
Last checked:
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Last updated May 16, 2025
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MLS# 1030095 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1912
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New Construction:false
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Construction Materials:Stucco
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Total SqFt:2,080 Sqft
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# of Units Total:4
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Roof:Composition
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Levels:Two
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Basement:Partial
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Stories:2
Interior
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Flooring:Wood Floors
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Laundry Features:Common Area
Room Dimensions
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash
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Tenant Pays:Deposit
Location
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Directions:From Mountain Ave. turn south on Peterson. Home is on the east side of the street.
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Coordinates:-105.07165, 40.58614
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Latitude:40.58614
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Longitude:-105.07165
The Property
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Property Type:Residential Income
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Property Subtype:Attached Dwelling
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Parcel Number:R0044245
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Lot Features:Lawn Sprinkler System
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Lot Size Acres:0.07
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Lot Size SqFt:3,220 Sqft
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Lot Size Area:3220
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Lot Size Units:Square Feet
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Zoning:OT-C
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Possible Use:Multi-Family
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Exclusions:Personal property of tenants
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Horse:false
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Fencing:Partial
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Other Structures:Storage
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Waterfront:false
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Property Attached:true
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Road Frontage Type:City Street
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Has Water Rights:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Annual Amount:$4,765
Beds
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Bedrooms Total:4
Baths
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Total Baths:4
The Listing
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Special Listing Conditions:Private Owner
Heating & Cooling
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Heating:Hot Water
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Heating:true
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Cooling:Room Air Conditioner
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Cooling:true
Utilities
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Utilities:Natural Gas Available
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Gas:Natural Gas, Xcel Energy
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Electric:Electric, Separate Meter Electricity, City FC
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Sewer:City Sewer
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Water Source:City Water, City of Ft Collins
Appliances
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Appliances:Gas Range/Oven
Schools
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Elementary School:Laurel
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Middle School:Lesher
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High School:Ft Collins
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High School District:Poudre
The Community
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Community Features:Extra Storage
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Association:false
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Subdivision Name:Ftc
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Spa:false
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Senior Community:false
Extra Units
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Bedrooms Unit 1:1
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Total Baths Unit 1:1
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Bedrooms Unit 2:1
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Total Baths Unit 2:1
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Bedrooms Unit 3:1
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Total Baths Unit 3:1
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Bedrooms Unit 4:1
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Total Baths Unit 4:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/15/25
May 15, 2025
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Price Changed | IRES | $1,200,000 | -5.9% |
|
4/3/25
Apr 3, 2025
|
Listed / Active | IRES | $1,275,000 |
