Firestone Four-Unit Investment
126 2nd St, Firestone, CO 80504
For Sale
$650,000
Four-unit multifamily property in Firestone, Colorado with long-term tenants.
Property Size3,300 SF
Days on Market221
Property Features for 126 2nd St
General Information
Standard status
Size
Property subtype
Occupancy
Amenities
Located in Firestone's fast-growing I-25 corridor with high-income households and limited rental supply, ensuring stable occupancy and long-term demand.
Year 1 cap rate of 6.66% provides investors with a compelling entry point and strong cash flow potential, supported by below-market rents and a stable, growing submarket.
Well-maintained 4-unit property with fee-simple ownership, dependable income stream, and proximity to major employment hubs and expanding retail amenities.
Building Details
Building Size
Units
Listing Agency:
Denver Office
Listed By:
David J. Bomgaars · License #License(s): CO: FA100104456
(303) 328-2069
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: May 10 at 5:41AM
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 Denver Office
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a four-unit investment property located at 126 2nd St in Firestone, Colorado. The property offers a rare investment opportunity in one of Colorado’s fastest-growing towns. The units are configured as spacious two-bedroom apartments. The property experiences low turnover and long-term tenancy.
Key Highlights
- Rare 4‑unit investment opportunity in Firestone, CO, a fast‑growing town.
- Low transaction volume area.
- Spacious 2‑bedroom units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,979
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,580
$759.6K
Cap Rate 7%
$542,557
$542.6K
Cap Rate 9%
$421,989
$422.0K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$57.4K $17.40/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$54.3K $16.44/SF
− OpEx
−$16.3K −$4.93/SF
NOI
$38.0K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,580
Cap Rate 7%
$542,557
Cap Rate 9%
$421,989
Alternative Uses
Best Use
Multifamily LT 5
$542.6K
$474.7K – $633.0K
NOI $37,979 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$498.3K
$436.0K – $581.3K
NOI $34,878 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office B
$601.4K
$526.3K – $701.7K
NOI $42,100 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 80504, CO
60,183
Population
23,359
Households
2.6
Avg Household Size
38
Median Age
43%
College-Educated
93%
High-School Grad
94.6 sq mi
ZIP Area
636
Density / Sq Mi
$109,671
Median Household Income
$54,317
Median Earnings
$1,895
Median Rent
$556,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property in Firestone, Colorado with long-term tenants.
Where is this quadplex located?
The property is located at 126 2nd St Firestone, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Rare 4‑unit investment opportunity in Firestone, CO, a fast‑growing town.; Low transaction volume area.; Spacious 2‑bedroom units.
