Four-Unit Apartment
For Sale
$1,250,000
1-4-1483 Detroit St, Denver, CO 80206
Renovated residences combine modern kitchens and baths with private in-unit laundry and separately metered electrical service.
Property Size3,257 SF
Price / SF$383.79
Days on Market14
Property Features for 1-4-1483 Detroit St
General Information
Standard status
Active
Size
3,257 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,984
Listing Agency:
Brockman Group LLC
(303) 900-9111
Listed By:
Jules "J.B." Hochman · License #ER04002671
(303) 668-4930
Source:
Exprealty
Added: Sep 25
Changed: Oct 5
Last Checked: Oct 7 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brockman Group LLC
Investment Insights
Based on property information with market context.
At 1-4-1483 Detroit St in Denver, this four-residence property pairs original brick walls with a permitted renovation that renewed major building systems and interior finishes. The mix includes two 2-bedroom/2-bath apartments, a 1-bedroom/1-bath loft, and a basement 1-bedroom apartment. Each residence has a washer and dryer, and electrical service is separately metered. Updated kitchens feature cabinetry, marble countertops, and stainless-steel appliances; other improvements include new windows, roof, plumbing, electrical wiring, insulation, drywall, and life-safety components.
Site work included French drains, revised grading and drainage, and refreshed walkways and entry areas. Three garages—two single-car and one two-car—provide additional parking. The property measures 3,257 square feet.
Site work included French drains, revised grading and drainage, and refreshed walkways and entry areas. Three garages—two single-car and one two-car—provide additional parking. The property measures 3,257 square feet.
Key Highlights
- Four residences: two 2‑bedroom/2‑bath units, one 1‑bedroom/1‑bath loft, and one basement 1‑bedroom apartment
- 3,257 square feet
- Three garages: two single‑car and one two‑car
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,127
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,540
$1.1M
Cap Rate 7%
$773,243
$773.2K
Cap Rate 9%
$601,411
$601.4K
Market Conditions
NOI Build-Up for 3,257 SF
Gross rent
$82.1K $25.20/SF
− Vacancy
−$4.8K −$1.46/SF
EGI
$77.3K $23.74/SF
− OpEx
−$23.2K −$7.12/SF
NOI
$54.1K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,540
Cap Rate 7%
$773,243
Cap Rate 9%
$601,411
Alternative Uses
Best Use
Multifamily LT 5
$773.2K
$676.6K – $902.1K
NOI $54,127 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$706.5K
$618.2K – $824.2K
NOI $49,453 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.04M
$907.2K – $1.21M
NOI $72,577 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Renovated residences combine modern kitchens and baths with private in-unit laundry and separately metered electrical service.
Where is this quadplex located?
The property is located at 1-4-1483 Detroit St Denver, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four residences: two 2‑bedroom/2‑bath units, one 1‑bedroom/1‑bath loft, and one basement 1‑bedroom apartment; 3,257 square feet; Three garages: two single‑car and one two‑car
