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Loveland, CO 80538 414 Mulberry Dr

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  • MLS# 1052120
  • 02/20/2026
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    Home Details

    Excellent opportunity to own a fully rented 4-plex in the heart of Loveland, just minutes from Lake Loveland, shopping, dining, and major commuter routes. Located at 414-420 Mulberry Drive, this well-maintained multi-family property offers four spacious units, each featuring 3 bedrooms and 2 bathrooms. Each unit provides approximately 1,184 finished square feet across three levels, including a bright main-level living room, functional kitchen with patio access, two upstairs bedrooms with a shared full bath, and a fully finished basement complete with a third bedroom, second bathroom, laundry area, utility space, and rec room - an ideal layout for tenants seeking space and flexibility. All four units are currently rented, providing immediate income and a strong addition to any investment portfolio. With a desirable Loveland location, strong rental configuration, and a proven income history, this property presents a rare opportunity for both seasoned and first-time investors.
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    Interior Features for 414 Mulberry Dr

    Other Interior Features

    LivingAreaSourceLicensee
    BasementFull, Partially Finished
    Interior AmenitiesEat-in Kitchen, Washer/Dryer Hookup, Outside Entry

    General for 414 Mulberry Dr

    AppliancesNo Units Furnished, Electric Range, Dishwasher, Refrigerator
    AttributionContact9702140263
    Cap Rate3.84
    CityLoveland
    Construction MaterialsFrame
    CountyLarimer
    DisclosuresSeller's Property Disclosure
    ElectricCity of Loveland
    Elementary SchoolLincoln
    ExclusionsTenants personal property, Washers (4), Dryer (4)
    Expected Active Date 2026-02-20
    Gross Income60625
    HOANo
    HeatingForced Air
    High SchoolLoveland
    High School DistrictThompson R2-J
    Lease Amount FrequencyYear Lease
    LevelsTwo
    MLS AreaLoveland/Berthoud
    Middle/Junior High SchoolErwin, Lucile
    Net Operating Income40770.43
    New ConstructionNo
    Number Of Units Total4
    Operating Expense19854.57
    Parcel NumberR0759341
    Patio/Porch FeaturesPatio
    Property TypeResidential Income
    RoofComposition
    SewerPublic Sewer
    Standard StatusActive
    StatusActive
    Subdivision NameRidgewood
    Tax Annual Amount4433
    Tax Year2024
    Tenant PaysDeposit, Gas, Electricity, Water
    Unit420
    UtilitiesNatural Gas Available, Electricity Available
    Year Built1986
    ZoningR3

    Exterior for 414 Mulberry Dr

    Irrigation Water Rights Y/NNo
    Lot Size Acres0.23
    Lot Size Area9803
    Other Parking2 Spaces/Unit
    Road Frontage TypeCity Street
    Total Parking8
    Water SourceCity
    Waterfront Y/NNo

    Additional Details

    Price History

    Schools

    Middle School Lucile Middle School
    Elementary School Lincoln Elementary School
    High School Loveland High School

    Nathan Washam

    Broker/Owner
    Price $1,060,000
    MLS#1052120
    List Date 02/20/2026
    Property Type Income
    Phone 970.988.8295
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