414-420 Mulberry Dr, Loveland, CO, 80538
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1986
Materials
- Roof: Composition
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Range,Dishwasher,Refrigerator
- Laundry features: Washer/Dryer Hookup
Basement
- Has basement: Yes
- Basement: Full,Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 8
Features
- Eat-in Kitchen,Outside Entry
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 4,736
- Total interior livable area: 4,736 sqft
Property
Details
- Parcel number: R0759341
- Zoning: R3
- Special condition: Private Owner
- Exclusions: Tenants personal property,Washers (4),Dryer (4)
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
Lot
- Lot size: 9,803 sqft
Parking
- Total spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Winter Weather
- Cold Wave
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,980 | $59,760 |
| Home Insurance * | $426 | $5,112 |
| Property Taxes | $426 | $5,112 |
| Electricity | $357 | $4,290 |
| Total | $6,189 | $74,268 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-20 | Listed for sale | $1,060,000 |
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