1622 Elder Ave
About This Property
A bright sunroom with brand-new windows provides an ideal year-round spot for morning coffee or afternoon reading. The finished basement expands your living options with a large rec room, dedicated storage, and a third spacious, remodeled bedroom which is great for guests, an office, or hobbies.
Outside, the property delivers true Colorado utility: horse barn space and tack room, a garden shed, corrals, nice perimeter fencing plus electric fencing, a well-loved producing vegetable garden, and extra back-alley access parking with trailer access/storage (including RV gate). Best of all, this home uniquely offers both city water and a private well-all outdoor water use runs off your own well for meaningful water-cost savings. Room to roam, thoughtful updates, and hard-to-find amenities-see it today!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2026 | Sold | ||
| Sold | |||
| Nov 16, 2025 | In contract | - | |
| In contract | |||
| Aug 20, 2025 | Listed by eXp Realty, LLC | $600,000 | |
| Listed by eXp Realty, LLC | |||
| Aug 22, 2024 | Listed | $600,000 | |
| Listed | |||
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Welcome home to this hard to find small acreage in Greeley! This property has it all! At just over an acre, it boasts a beautifully fenced in horse paddock, garden, barn/shop, chicken coop, fenced in area for other animals which is currently being used for the goats and mature landscaping. Not to mention the alley access which provides the opportunity for trailer or RV parking. It also has a permitted well and water tap. The home is in excellent condition with a ton of updates. Don't miss out on the rare opportunity to have some space to meet your needs with no HOA or Metro tax while still having all of the amenities of being in town.
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| Apr 4, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017