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Loveland, CO 80538 414 Mulberry Dr

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  • MLS# 1052120
  • 02/20/2026
  • Request Tour
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  • Beds • 12
  • Baths • 8
  • SQFT • 4,736

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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