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$306,000
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Property Description
Well-maintained tri-plex investment opportunity with a proven track record of consistent, long-term renters. This property offers immediate income with a solid 6-8% cash-on-cash return, making it an ideal addition to any investor's portfolio. Units have been well cared for, minimizing deferred maintenance and maximizing stability. A true turnkey asset for investors seeking reliable cash flow from day one.
Full Property Details
Full Property Details for 502 Poplar St
General
- Sold For: $306,000
- Taxes: $2,072 (2025)
- Status: Closed
- Type: Multi-Family
- Source: IRES
- MLS ID: 1052165
- Added to Site: 98 day(s) ago
Interior
- Appliances: Electric Range, Refrigerator
Location
- Area: Sterling
- County: Logan
- Subdivision: Poplar & Fifth Rep Of Poplar Place
School Information
- School District: Valley RE 1
- Elementary School: Ayres
- Middle School: Sterling
- High School: Sterling
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Forced Air
Utilities
- Gas: Yes
- Gas: Xcel
- Sewer: Public Sewer
- Water: City
- Utility Description: Natural Gas Available, Electricity Available
Structural Information
- Construction: Frame, Composition
- Exterior Const.: Frame, Composition
- Basement: Yes
- Basement Desc.: None, Crawl Space
- Roof: Composition
- Square Feet: 2,520
- Sq. Ft. Source: Assessor
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,575
- Frontage: 4x4 Required to Access
- Street/Road Desc.: Asphalt
- Fence: Yes
- Lot Features: Corner Lot, Level, Curbs, Sidewalks
- Potential Use: Multi-Family
- Permitted Use: Multi-Family
- Zoning: R1
- Fencing (Description): Wood
Financial Considerations
- Operating Expenses: $11,572
- Tax Amount: $2,072
- Tax Year: 2025
- Terms: Cash, Conventional
- Tenant Pays: Deposit, Gas, Electricity
Disclosures and Reports
- Special Conditions: Private Owner
- Exclusions: any and all personal property of seller/tenants
- Property ID: 38052529451002
Listed and Sold by Area Wide Realty, LLC (970) 522-9727
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Schools
Schools serving 502 Poplar St
School District:Valley School District Re-1
| Name | Grades | Distance |
|---|---|---|
Campbell Elementary School 902 Clark Street, Sterling, CO 80751 | 3-5 | 0.7 mi |
Ayres Elementary School 1812 Robin Road, Sterling, CO 80751 | K-2 | 1.5 mi |
Sterling Middle School 1177 Pawnee Avenue, Sterling, CO 80751 | 6-8 | 1 mi |
Sterling High School 407 West Broadway Street, Sterling, CO 80751 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 502 Poplar St
Date
Details
Price
Change
Source
5/22/2026
Sold
$306,000
-5.85%
MLS
2/20/2026
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
502 Poplar St, Sterling, CO 80751 (MLS# 1052165) is a Multi-Family property that was sold at $306,000 on May 22, 2026. Want to learn more about 502 Poplar St? Do you have questions about finding other Multi-Family real estate for sale in Sterling? You can browse all Sterling real estate or contact a Coldwell Banker agent to request more information.

