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    2017-Built Fourplex Title is generated by Realmo AI

    735 6th Street, Fairplay, CO 80440

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    For Sale
    $1,290,000

    MULTI_FAMILY - Fairplay, CO

    Lot size:
    0.64 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 735 6th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Basement
    Crawl Space
    Standard status
    Active
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4998

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    2017

    We can help!

    Listing Contact
    Jason Carden CDPE

    Listing agent Jason Carden CDPE

    Listing office Exp Realty LLC 9800 Pyramid Ct #400, Englewood, CO

    Listing date Jun 3, 2026

    MLS# 3210631 Listing URL

    Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Built in 2017: well‑maintained fourplex with four 2‑bedroom, 1‑bath units
    • All four units are currently leased with zero vacancy since being built
    • Each unit includes gas furnace and gas water heater, plus stainless steel appliances and laundry hookups
    • 8 parking spaces; tenant pays gas and electric
    • Additional building lot included for potential future development or expansion
    • Located just off Highway 285, next door to South Park Recreation Center (pool and fitness facilities)

    Overview

    Built in 2017, this well-maintained fourplex includes four separate 2-bedroom, 1-bath units. All units are currently leased. Each unit has gas furnace and gas water heater, laundry hookups, a private storage closet, and stainless steel appliances. The property also includes 8 parking spaces, and tenants pay for gas and electric.

    Located at 735 6th Street in Fairplay, Colorado, the property is just off Highway 285, providing easy access to local shopping, dining, and daily amenities. The building offers mountain views and is next door to the South Park Recreation Center, which features a pool and fitness facilities.

    From a tenant and operator standpoint, the unit mix supports straightforward leasing across four identical layouts, with in-unit laundry hookups and dedicated storage for added day-to-day functionality. The listing notes zero vacancy since construction, with rents described as below market levels, along with an additional building lot included for potential future development or expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Hair Salon Nail Salon Food Market HVAC Service Grocery & Convenience Store Furniture & Home Goods Big Box & Wholesale Store Electronics & Wireless Store Car Rental Facility Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairplay
    County
    Park
    State
    Colorado
    Longitude
    -105.99559
    Latitude
    39.228161

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    FAQs

    What type of property is this?
    Quadplex - Well-kept fourplex with four leased 2-bedroom, 1-bath units, gas utilities, and assigned parking near Highway 285.
    Where is this quadplex located?
    The property is located at 735 6th Street Fairplay, CO.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: Built in 2017: well‑maintained fourplex with four 2‑bedroom, 1‑bath units; All four units are currently leased with zero vacancy since being built; Each unit includes gas furnace and gas water heater, plus stainless steel appliances and laundry hookups
    (303) 882-1191
    We can help!
    Listing Contact
    Jason Carden CDPE
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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