1540 N Garfield Avenue, Loveland, CO 80538

$975,000 Asking Price

4 beds
4 baths
3,181  sqft
Built in 1951

Welcome to this versatile property in the heart of Loveland, perfect for multi-generational living, income generation, and personal enjoyment. Situated on a spacious 0.8-acre lot, this home blends modern upgrades with historic charm and thoughtful design to meet a variety of needs with 4 bedrooms and 4 bathrooms. The main level features 2 bedrooms, 2 bathrooms, beautifully updated hickory wood floors, a radiant-heated bathroom floor, and a stunning kitchen with stainless steel appliances, solid-surface countertops, under-cabinet lighting, and a full tile backsplash. A year-round sunroom, equipped with a mini-split system, skylights, and storage cabinets, offers the perfect space for relaxing or a home office. The basement walk-out features two operational Airbnb units, each with its own private entrance, offering flexibility and income potential. The first unit, Sweetheart City Inn, is a well-appointed space that includes 1 bedroom with a walk-in closet, a spacious living area, a kitchenette, and three-quarter bathroom. The second unit, The Cellar, is a cozy open studio with a kitchenette, beautifully stained concrete floors, and a three-quarter bathroom. Both units have been thoughtfully renovated and are actively generating income through short-term rentals, offering flexible options for additional income or multi-generational living. The oversized 988.6 SF garage features epoxy floors, a wood-burning stove, a separate shop space, and access to a root cellar, making it ideal for hobbyists or extra storage. The outdoor space is equally impressive, with lush seasonal gardens, multiple entertainment areas, motion-sensor lighting, and front/backyard irrigation systems. A private well provides exterior irrigation, while City utilities supply potable water to the home. Conveniently located near Lake Loveland, with no HOA and no metro tax, this property offers flexibility, freedom, and charm-all in a central location. Don't miss your chance to own this incredible home!

Features & Amenities

Interior

General:
Eat-in Kitchen, In-Law Floor Plan, Open Floorplan, Pantry, Primary Suite, Walk-In Closet(s), Wet Bar
Appliances:
Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Laundry:
In Unit
Basement:
Full, Walk-Out Access
Flooring:
Wood
A/C:
Central Air Conditioning
Heating:
Baseboard, Radiant

Exterior

Other Structures:
Deck, Patio
Parking:
Heated Garage, Oversized, RV Access/Parking, Parking spaces: 3

Construction

Roofing:
Composition
Windows:
Skylight(s), Window Coverings
General:
One

Location

Road/Access:
Public
Originating MLS:
recolorado
School District:
Thompson R2-J
County:
Larimer

Lot

Zoning:
R1E, A parcel of land situate in the SW 1/4 of Section 12, Township 5 North, Range 69 West of the 6th P.M. more particularly described as: Beginning as a point 400.00 feet North of the Northwest Corner of Block 1. Cherry Hill Addition to the City of Loveland, Colorado, said point being the True Point of Beginning, thence North 100.00 feet to the Southwest Corner of Lot 7, Foster Subdivision of North End Addition, to the City of Loveland, Colorado. thence North 10.00 feet, thence East to the Westerly Right of way of the Colorado and Southern Railroad, thence Southeasterly along said right of Way to a point directly East of the True Point of Beginning, thence West of the True Point of Beginning, County of Larimer, State of Colorado., R0374903

Utilities

Utilities:
Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available
Water:
Public
Sewer:
Public Sewer

Financial

Source:
recolorado
Ownership:
Individual

This listing courtesy of:
RTown Real Estate, Amanda Hicks

About Loveland, CO

Housing

Number of Units
44,460
Median Home Value
$388,488
Median Rent
$1,216

32.22% of housing units are renter occupied.

5.49% are vacant.

Commute

Car
57.77%
Public Transportation
0.41%
Walk to Work
1.00%
Work from Home
39.57%
Other
0.76%

The median travel time to work is 17 minutes.

People

Population
97,449
Median Age
41.00
Median Household Size
2.60

Education

High School
23.69%
Associate’s Degree
10.71%
Bachelor’s Degree
24.90%
Graduate Degree
14.52%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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