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329 N Meldrum St

Fort Collins, CO 80521

17 beds
11 baths
– sqft
~1/2 acre lot
1900 build
– on site

GREAT Investment Opportunity in the heart of Downtown Fort Collins! 7 total units comprised of a triplex and 4 mobile homes, all legal and all permitted. Enjoy great in place rents of nearly $120,000 per year, AND future upside potential of future redevelopment on this great corner property located at Cherry & Meldrum in Downtown Fort Collins. These well located, affordable for Old Town rental units are always fully leased! Down the road, join several other previous Downtown redevelopment projects that have had great success in an around this burgeoning area of Old Town. Buy as an investment that cash flows now, and make an income while planning your next development project in this NCB zoning district. Please check with the City of Fort Collins for more information and schedule a conceptual review if so desired. This a rare chance to own over 1/3 acre of highly desirable Old Town land w/ great income in such a close proximity to Downtown Restaurants, Shopping, Lee Martinez Park, & all that Old Town has to offer. Units are fully leased thru Next May/June/July 2026 (unit dependent). You cold also make this a very cool and hip tiny home community, as the Seller has a letter in the file from Planning & Zoning that allows the 4 mobile homes to be replaced and swapped out at any point in the future, with newer trailers or even tiny homes! So use your creativity, and either upgrade and swap out for more income, or replace with newer tiny houses, or do a total redevelopment and go vertical here. So many options and so much potential. Unfortunately, so as not to disturb the Tenants, showings will not be possible on all units until the time of Contract. Units are all in middle of the road "rental grade" condition. Trailer SQFT is added to total SQFT on the listing. Buyer to verify. Property is being sold in its current "As-Is Where-Is" condition. Sellers are licensed Real Estate Brokers in the State of Colorado, and will be completing a 1031 Tax Deferred Exchange.

Listing courtesy of IRES

Last checked: Checking… • Last updated Apr 22, 2025 •

MLS# 1031844 —

The Building

Year Built:

1900
New Construction:

false
Construction Materials:

Wood/Frame
Architectural Style:

Ranch
Structure Type:

Legal Conforming
Total SqFt:

7,500 Sqft
# of Units Total:

7
Roof:

Composition
Levels:

One
Basement:

None
Stories:

1
Window Features:

Window Coverings
Patio And Porch Features:

Patio

Room Dimensions

Living Area Units:

Square Feet
Living Area Source:

Assessor

Financial & Terms

Listing Terms:

Cash
Tenant Pays:

Deposit

Location

Coordinates:

-105.08295, 40.5919
Latitude:

40.5919
Longitude:

-105.08295

The Property

Property Type:

Residential Income
Property Subtype:

Income Property
Parcel Number:

R0024490
Lot Features:

Curbs
Lot Size Acres:

0.38
Lot Size SqFt:

16,553 Sqft
Lot Size Area:

16553
Lot Size Units:

Square Feet
Zoning:

MULTIFAM
Possible Use:

Multi-Family
Horse:

false
Exterior Features:

Lighting
Waterfront:

false
Road Surface Type:

Paved
Has Water Rights:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

$6,782

Beds

Bedrooms Total:

17

Baths

Total Baths:

11

The Listing

Special Listing Conditions:

Licensed Owner

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Ceiling Fan(s)
Cooling:

true

Utilities

Utilities:

Natural Gas Available
Gas:

Natural Gas, Xcel
Electric:

Electric, City of FTC
Sewer:

City Sewer
Water Source:

City Water, City of FTC

Appliances

Appliances:

Electric Range/Oven

Schools

Elementary School:

Putnam
Middle School:

Lincoln
High School:

Poudre
High School District:

Poudre

The Community

Association:

false
Subdivision Name:

Old Town
Spa:

false
Senior Community:

false

Parking

Parking Features:

Alley Access
Other Parking:

Parking Per Unit(1.5 Spaces/Unit)

Extra Units

Bedrooms Unit 1:

1
Total Baths Unit 1:

1
Bedrooms Unit 2:

1
Total Baths Unit 2:

1
Bedrooms Unit 3:

3
Total Baths Unit 3:

1
Bedrooms Unit 4:

3
Total Baths Unit 4:

2
Bedrooms Unit 5:

3
Total Baths Unit 5:

2
Bedrooms Unit 6:

3
Total Baths Unit 6:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/22/25 Apr 22, 2025	Listed / Active	IRES	$1,795,000	111.2% (18.5% / YR)
4/25/19 Apr 25, 2019		IRES	$850,000

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This multifamily located in Martinez Park, Fort Collins, CO 80521 is currently for sale for $1,795,000. 329 N Meldrum St is a – square foot multifamily with 17 beds and 11 baths that has been on Estately for 5 days. 329 N Meldrum St is in the Martinez Park neighborhood of Fort Collins and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of Lincoln Middle School, Putnam Elementary School Of Science, and Poudre High School.

Listing Courtesy of: IRES

TERMS OF USE: listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS