3681 Butternut Dr, Loveland, CO 80538

Beds
8
Baths
4
Sqft
3,594

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Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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Overview

Marcus & Millichap is pleased to present 3681 Butternut Drive, a well-located four-unit multifamily property in the heart of Loveland, Colorado. Situated just minutes from Downtown Loveland, residents enjoy convenient access to a wide array of retail, dining, and entertainment options, including The Promenade Shops at Centerra, The Marketplace at Centerra, and numerous local restaurants and services. The property also benefits from proximity to major employers such as UCHealth Medical Center of the Rockies, McKee Medical Center, Hach, Woodward, and Banner Health, while offering easy access to Highway 34 and Interstate 25. Outdoor recreation is abundant, with nearby Benson Sculpture Garden, Mehaffey Park, Boyd Lake State Park, Devil’s Backbone Open Space, and the extensive Loveland Recreation Trail system providing year-round amenities that continue to attract and retain residents.

The asset features an increasingly scarce unit mix comprised entirely of spacious two-bedroom residences, offering floorplans that appeal to a broad tenant base including young professionals, roommates, small families, and long-term renters seeking more living space. Offered at pricing below recent comparable sales, 3681 Butternut Drive presents investors with an attractive basis in one of Northern Colorado’s strongest rental markets. In addition, the property offers meaningful operational upside through continued rental growth, allowing new ownership to capitalize on below-market rents while benefiting from Loveland’s strong population
growth, expanding employment base, and long-term housing demand

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
8
Number of bathrooms
4
Square feet
3,594
Lot size (acres)
0.26
Year built
1979

Utilities

Heating
Baseboard
Cooling
None
Sewer
Public Sewer

Taxes

Tax Annual Amount (2025)
$4,223

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: REColorado MLS®#: 5369991 Last checked:

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