$3,575,000

807 Legion Street, Craig, CO 81625

  • 60 beds |
  • 40 baths |
  • 28,800 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $124/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

Marcus & Millichap is pleased to present Highland Green Apartments, a multifamily investment opportunity located in Craig, Colorado. Highland Green Apartments offers investors the opportunity to acquire a high-yielding asset with strong in-place cash flow and additional upside through continued operational efficiencies and organic rent growth. The property is currently projected at a 7.97% cap rate with upside to an 8.93% Year 1 cap rate alongside an estimated 13% cash-on-cash return on day one. Positioned in a supply-constrained market, Highland Green Apartments benefits from growing demand for attainable housing throughout Northwest Colorado as renters continue seeking affordable alternatives to nearby resort-driven markets such as Steamboat Springs. Limited new multifamily development, rising replacement costs, and increasing barriers to homeownership continue to support long-term apartment fundamentals throughout the region. The property also features individually metered utilities, creating operational efficiencies and reducing landlord exposure to rising utility expenses. Combined with Craig’s diversified economic base, strong community appeal, and proximity to major outdoor recreation and employment drivers, Highland Green Apartments presents investors with an attractive opportunity to acquire a stable cash-flowing asset with long-term upside potential.

Listing Status:
Active
Data Last Updated:
May 31, 2026 at 7:19AM
Listing Office:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. : 303-328-2000
Listing Agent:
Charles Burkhart : 214-336-6064
MLS ID:
9681597
  • A/C: Other
  • Heating: Forced Air
  • Parking: Parking spaces: 40
  • Roofing: Composition
  • General: One
  • Originating MLS: recolorado
  • School District: Moffat County RE-1
  • County: Moffat
  • Zoning: SUBD: VICTORY HEIGHTS TRACTS 42444648R008112
  • Sewer: Public Sewer
  • Source: recolorado
  • Ownership: Individual
  • Exclusions: n/a

This listing courtesy of Charles Burkhart , Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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