3991 E 121st Ave Thornton, CO 80241
Northaven NeighborhoodEstimated payment $8,173/month
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
Compass - Denver Brokerage Email: kayla.schmitz@compass.com,303-249-4118 License #100052713 Listed on: 02/11/2026
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
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: REcolorado®
MLS Number: 4732768
APN: 1573-36-4-10-067
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Ask me questions while you tour the home.