South Englewood Remodeled
For Sale
$949,000
6225 S Sterne Pkwy, Littleton, CO 80120
Remodeled triplex with income potential near parks and downtown.
Property Size4,316 SF
Days on Market146
Property Features for 6225 S Sterne Pkwy
General Information
Standard status
Active
Size
4,316 SF
Property subtype
Investment
Lease Term
12 months
Taxes and HOA fees
Annual Taxes
$6,779
Building Details
Building Size
4,316 SF
Year Built
1963
Listing Agency:
Compass - Denver
(720) 937-5222
Listed By:
Jon Troshynski · License #100098949
(720) 937-5222
Source:
Elliman
Added: Mar 31
Changed: Aug 23
Last Checked: Aug 22 at 9:01AM
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 Compass - Denver
Investment Insights
Based on property information with market context.
This South Englewood triplex presents a unique opportunity. The property has been recently remodeled, featuring a refreshed exterior. It offers potential for rental income with three separate residences. Upgrades include updated kitchens equipped with granite countertops and newer appliances. On-site laundry facilities are available, along with designated parking spaces and guest parking. The building and grounds have been meticulously maintained. The property is situated near Sterne, Gallup, and Ketring parks, as well as Downtown Littleton, which offers shopping and dining options.
Key Highlights
- Triplex with three separate residences offers significant rental income potential.
- Recently remodeled with a fresh exterior and updated kitchens featuring granite countertops and newer appliances.
- Prime location near Sterne, Gallup, and Ketring parks, and Downtown Littleton's shopping and dining.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,422,960
$1.4M
Cap Rate 7%
$1,016,400
$1.0M
Cap Rate 9%
$790,533
$790.5K
Market Conditions
NOI Build-Up for 4,316 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.2K $24.60/SF
− Vacancy
−$4.5K −$1.05/SF
EGI
$101.6K $23.55/SF
− OpEx
−$30.5K −$7.06/SF
NOI
$71.1K $16.48/SF
Area
Douglas County, CO
Vacancy
4.27%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,422,960
Cap Rate 7%
$1,016,400
Cap Rate 9%
$790,533
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$889.4K – $1.19M
NOI $71,148 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$936.6K
$819.5K – $1.09M
NOI $65,561 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,773 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Remodeled triplex with income potential near parks and downtown.
Where is this triplex located?
The property is located at 6225 S Sterne Pkwy Littleton, CO.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Triplex with three separate residences offers significant rental income potential.; Recently remodeled with a fresh exterior and **updated kitchens featuring granite countertops and newer appliances.**; Prime location near Sterne, Gallup, and Ketring parks, and Downtown Littleton's shopping and dining.
