$1,400,000
$1M PRICE INCREASE

Estimated payment $8,173/month

Total Views 13,381
2 Beds
2 Baths
1,244 Sq Ft
$1,125 Price per Sq Ft

Highlights

  • Deck
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

Prime 4-Unit Townhome Investment Opportunity Multifamily gem in the heart of Thornton! These well-maintained 4-units within the Thornton Ridge townhome complex offers a balanced mix of spacious layouts and strong rental performance, ideal for both seasoned investors and newcomers seeking reliable cash flow. Property Breakdown:
2 units: 2 bed / 1.5 bath
2 units: 3 bed / 2 bath
Current rents: $2,100-$2,400 per month
Cap rate: 5-6%, with potential upside through light updates and rent optimization
Strong rental history: Consistent occupancy and long-term tenants. Seller can provide full rental history and detailed income documentation Each home features comfortable living spaces, well maintained finishes in varying levels of updates, and private outdoor areas. Whether you’re looking to expand your portfolio or enter the Denver metro multifamily market, this portfolio offers immediate cash flow, proven stability, and future growth potential. Current Rents: $2,100-$2,400/month
Cap Rate: 5-6%
Financials: Full rent roll and income verification available upon request

Listing Agent

Kayla Schmitz

Compass - Denver Brokerage Email: kayla.schmitz@compass.com,303-249-4118 License #100052713 Listed on: 02/11/2026

Compass - Denver

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,438

Year Built

  • Built in 1997

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Laundry in unit
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Schools

  • Stellar Elementary School
  • Century Middle School
  • Mountain Range High School

Additional Features

  • Deck
  • Two or More Common Walls
  • Forced Air Heating and Cooling System

Community Details

  • Thornton Ridge Townhomes Association, Phone Number (970) 481-9574
  • Thornton Ridge Filing Subdivision

Listing and Financial Details

  • Exclusions: Tenant and seller personal property
  • Property held in a trust
  • Assessor Parcel Number R0026161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,438

Year Built

Built in 1997

Lot Details

0 Sq Ft Lot

HOA Fees

$245 per month

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1997
  • Above Grade Finished Sq Ft: 1244
  • Below Grade Sq Ft: 640
  • Exclusions: Tenant and seller personal property
  • Living Area: 1244
  • SubdivisionName: Thornton Ridge Filing
  • Ownership: Corporation/Trust
  • Property Attached Yn: Yes
  • REC_RVSpaces: 0
  • REC_AdditionalLivingStructureYN: 0
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: Unfinished
  • Basement: Yes
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame
  • Patio and Porch Features: Deck

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit

Condo/Co-op/Association

  • Association Name: Thornton Ridge Townhomes
  • Association Fee Frequency: Monthly
  • Association Fee: 245
  • Phone: 9704819574
  • Association: Yes
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 2940.00
  • REC_AssociationFeeTotalAnnual: 2940.00
  • REC_AssociationManagementType: Self Managed

Schools

  • Middle Or Junior School: Century

Lot Info

  • Parcel Number: R0026161
  • Building Area Total: 1884

Rental Info

  • Lease Term: Long Term
  • Owner Pays: Association Fees

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2438

Multi Family

  • Lease Expiration: 2027-12-31

MLS Schools

  • Elementary School: Stellar
  • High School: Mountain Range

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,954 $26,250 $5,440 $20,810
2024 $2,438 $24,130 $5,000 $19,130
2023 $2,413 $27,270 $3,860 $23,410
2022 $2,230 $20,240 $1,040 $19,200
2021 $2,304 $20,240 $1,040 $19,200
2020 $2,222 $19,920 $1,070 $18,850
2019 $2,227 $19,920 $1,070 $18,850
2018 $1,933 $16,800 $1,080 $15,720
2017 $1,758 $16,800 $1,080 $15,720
2016 $1,392 $12,950 $1,190 $11,760
2015 $1,510 $14,070 $1,190 $12,880
2014 $873 $7,910 $1,190 $6,720
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/30/2026 07/30/26 Price Changed $1,400,000 -28.2% $1,125 / Sq Ft
03/18/2026 03/18/26 Price Changed $1,950,000 -16.7% $1,568 / Sq Ft
02/11/2026 02/11/26 Price Changed $2,340,000 +500.0% $1,881 / Sq Ft
02/11/2026 02/11/26 For Sale $390,000 -- $314 / Sq Ft
Source: REcolorado®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- Heritage Title Company
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Bargain Sale Deed -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $206,500 New Conventional
Previous Owner $83,168 Future Advance Clause Open End Mortgage
Previous Owner $136,800 Unknown
Previous Owner $133,600 Unknown
Previous Owner $65,000 Unknown
Previous Owner $265,000 Unknown
Source: Public Records

Source: REcolorado®

MLS Number: 4732768

REcolorado®

APN: 1573-36-4-10-067

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