$700,000
UNDER CONTRACT

Estimated payment $4,204/month

Total Views 940
8 Beds
4 Baths
3,480 Sq Ft
$201 Price per Sq Ft

Highlights

  • Property is near public transit
  • Laundry closet
  • Ceiling Fan
  • No HOA
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

Discover a smart investment opportunity with this low-maintenance brick 4-plex. Whether you're a seasoned investor seeking dependable cash flow with room to grow or a savvy buyer ready to take advantage of owner-occupied lower interest rates by living in one unit and renting out the others, this property checks all the boxes. This well-kept property offers four spacious 2-bedroom, 1-bath units, each designed with a functional layout, abundant natural light, and comfortable living spaces that tenants appreciate. The property has seen recent updates, including modern flooring and refreshed kitchen and bath finishes in one unit, along with additional improvements throughout. These upgrades support strong rental appeal while leaving room for future value-add opportunities. With current rents below market and projected increases up to $1,500 - $1,550 per unit, investors can unlock greater income potential over time. Each unit includes desirable features such as in-unit laundry, dishwashers, refrigerators, and range ovens. Separate gas and electric meters make management simple, while tenants pay their own utilities. The property also includes central air or evaporative cooling and forced air heat. Situated on a 0.19-acre lot with 7 total parking spaces, including off-street and carport options, this property offers convenience for residents. Its location near public transit and with a walk score of 75 adds to tenant demand and long-term stability. With a current cap rate of 6% and projected cap rate near 8%, this is a strong option for investors seeking steady income and upside potential. Whether expanding your portfolio or entering the multifamily market, this property delivers a balanced mix of stability and growth.

Listing Agent

Greg Drake

Realty Professionals LLC Brokerage Email: greg@realtyprosco.com,303-884-0990 License #40036249 Listed on: 04/03/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,609

Year Built

  • Built in 1973

Lot Details

  • 8,140 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,480 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry closet

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 7 Parking Spaces
  • 3 Carport Spaces

Outdoor Features

  • Rain Gutters

Location

  • Ground Level
  • Property is near public transit

Schools

  • Coronado Hills Elementary School
  • Thornton Middle School
  • Thornton High School

Utilities

  • Forced Air Heating and Cooling System
  • Evaporated cooling system
  • Natural Gas Connected

Listing and Financial Details

  • Exclusions: Tenant's personal property including washers and dryers. Landlord's personal property.
  • The owner pays for exterior maintenance, grounds care, insurance, taxes, trash collection, water
  • Assessor Parcel Number R0058465

Community Details

Overview

  • No Home Owners Association
  • Sherrelwood Estates Subdivision

Building Details

  • Operating Expense $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,609

Year Built

Built in 1973

Lot Details

8,140 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Structure Type: Quadruplex
  • Levels: Two
  • Year Built: 1973
  • Above Grade Finished Sq Ft: 3480
  • Entry Location: Ground
  • Exclusions: Tenant's personal property including washers and dryers. Landlord's personal property.
  • Living Area: 3480
  • SubdivisionName: Sherrelwood Estates
  • Ownership: Individual
  • Property Attached Yn: Yes
  • REC_ExpectedActiveDate: 2026-04-03
  • REC_RVSpaces: 0
  • Special Features: 4224

Interior Features

  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Laminate Counters
  • Flooring: Carpet, Laminate
  • Common Walls: 2+ Common Walls
  • Basement: No
  • Total Bedrooms: 8

Exterior Features

  • Roof: Composition, Other
  • Construction Materials: Frame
  • Exterior Features: Rain Gutters

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 3
  • Total Parking Spaces: 7
  • Unit Numberof Parking Per Unit: 2

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: Central Air, Evaporative Cooling
  • Heating: Forced Air
  • Water Source: Public
  • Laundry Features: In Unit, Laundry Closet
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Fee Information

  • Operating Expense: 15000

Schools

  • Middle Or Junior School: Thornton

Lot Info

  • Parcel Number: R0058465
  • Lot Size Acres: 0.19
  • Fencing: None
  • Building Area Total: 3480
  • Lot Features: Level, Near Public Transit
  • Lot Size Sq Ft: 8140

Rental Info

  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5609

Multi Family

  • Lease Expiration: 2026-12-31

MLS Schools

  • Elementary School: Coronado Hills
  • High School: Thornton

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $5,825 $47,130 $4,430 $42,700
2024 $5,825 $43,310 $4,070 $39,240
2023 $5,778 $56,420 $2,750 $53,670
2022 $5,889 $50,120 $2,770 $47,350
2021 $6,172 $50,120 $2,770 $47,350
2020 $5,139 $43,540 $2,910 $40,630
2019 $5,145 $43,540 $2,910 $40,630
2018 $3,969 $32,660 $2,930 $29,730
2017 $3,630 $32,660 $2,930 $29,730
2016 $2,922 $25,610 $3,240 $22,370
2015 $2,919 $25,610 $3,240 $22,370
2014 -- $32,150 $3,240 $28,910
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2026 04/03/26 For Sale $700,000 -- $201 / Sq Ft
Source: REcolorado®

Source: REcolorado®

MLS Number: 6666638

REcolorado®
Your Personal Tour Guide

Ask me questions while you tour the home.