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Northglenn is a planned community just 9-miles north of downtown Denver via I-25. The first residential homes were built in 1959 and the small neighborhoods are connected by the Greenway Trail System. Northglenn is home to many chain restaurants, big box retailers and hotels.
It’s strategic location provides easy access to Denver’s thriving job market and cultural attractions while maintaining a more affordable cost of living compared to the city center. Moreover, the city is characterized by a strong sense of community, excellent schools and an abundance of recreational activities.
Investing in real estate in Northglenn Colorado is a compelling opportunity with it’s appreciating market and quality of life factors.
Short-term rentals may be operated from a property that is zoned as residential with the property owner first obtaining a business license and short-term rental license. Accessory dwelling units (ADUs) and recreational vehicles are not eligible for short-term rental licenses.
There is no limit to the number of licenses issued, however owners will need to renew their licenses annually.
A perfect middle ground between the income potential of a short-term rental and the stability of a long-term rental. Mid-term rentals are furnished units that are rented to guests for 30+ days. People who seek out mid-term rentals are traveling nurses and professionals on temporary assignment or people displaced from their homes for a duration of time. It’s become a popular investment strategy because in many areas, like Northglenn there is no rental license required. Use services like AirDNA to calculate what your potential rents could be.
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Year over year increase in MTR nights sold
No license required for rentals
The “rent by the room” investment strategy involves renting out individual rooms within a single property, such as a house or apartment, rather than leasing the entire unit to a single tenant. This approach has gained traction as it allows investors to maximize rental income by catering to multiple tenants simultaneously. Each tenant pays for their designated room and shares common areas like kitchens and living rooms. This is a popular strategy among house hackers who choose to rent out the rooms in the house they are living in.
Note: As of July 1, 2024 Governor Polis prohibited residential occupancy limits in Colorado through HB24-1007. This act eliminated previously held occupancy limits by counties and cities.
Average Basement Room Rent
Average Room Rent
Primary Room Rent
Long-term rentals are a smart strategy for a more hands-off approach and a buy and hold mindset. In an appreciating market, like Northglenn, if the property’s rent can cover the mortgage, plus an additional 10% for vacancies and repairs, then you’re property is increasing in value the longer you hold it. Check out the latest rent estimates on Rent-O-Meter or Zillow to see what your property might get for rents.
22 schools
A Avg. Rating
Learn more about the schools at Great Schools.org
Review the current crime rates for Northglenn here: Community Crime Map
Downtown Denver – 23 mins
DIA – 34 mins
Summit County – 98 mins
Want more information on real estate investment opportunities in Northglenn?
The FI Team is a group of real estate agents and consultants in Denver, CO. We specialize in helping real-estate investors work toward financial independence.