Well-Maintained 4-Unit Income
For Sale
$799,000
7110 Stuart St, Westminster, CO 80030
Four residential units with recent capital improvements and a current rent roll showing staggered tenant rents.
Property Size3,550 SF
Price / SF$225.07
Days on Market49
Property Features for 7110 Stuart St
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1962
Listing Agency:
Compass - Denver
Listed By:
Josh Steck · License #100006497
(303) 885-3934
Source:
Teamuniteddenver
Added: Jul 22
Changed: Sep 8
Last Checked: Aug 25 at 5:34AM
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 4-unit residential income property at 7110 Stuart Street, Westminster, CO 80030 features a well-maintained building with multiple recent updates. The property has had a brand new water heater installed and a professionally cleaned sewer line. Additional capital work includes parking lot asphalt repairs, a newer roof, and updated decks throughout, and it has recently passed its annual city inspection.
The current rent roll includes one unit at $1,435, two units at $1,425, and one legacy tenant at $1,125. Laundry income is also referenced as part of the rent potential.
Location supports day-to-day access, with proximity to Westminster Station for RTD rail service and nearby shopping at Hidden Lake Shopping Center and Westminster Plaza. Easy access to I-25 and US-36 provides convenient connections across the Denver-Boulder metro area.
The current rent roll includes one unit at $1,435, two units at $1,425, and one legacy tenant at $1,125. Laundry income is also referenced as part of the rent potential.
Location supports day-to-day access, with proximity to Westminster Station for RTD rail service and nearby shopping at Hidden Lake Shopping Center and Westminster Plaza. Easy access to I-25 and US-36 provides convenient connections across the Denver-Boulder metro area.
Key Highlights
- Four‑unit residential investment property built in 1962 with a current rent roll of $1,435, two units at $1,425, and one unit at $1,125
- Recent capital improvements include a brand new water heater, professionally cleaned sewer line, and parking lot asphalt repairs
- Newer roof and updated decks throughout, plus the property recently passed the annual city inspection
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
$51,581
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
6.46%
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%
$1,031,620
$1.0M
Cap Rate 7%
$736,871
$736.9K
Cap Rate 9%
$573,122
$573.1K
Market Conditions
NOI Build-Up for 3,550 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
$78.8K $22.20/SF
− Vacancy
−$5.1K −$1.44/SF
EGI
$73.7K $20.76/SF
− OpEx
−$22.1K −$6.23/SF
NOI
$51.6K $14.53/SF
Area
Westminster, CO
Vacancy
6.50%
Lease Rate
$22.20 /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%
$1,031,620
Cap Rate 7%
$736,871
Cap Rate 9%
$573,122
Alternative Uses
Best Use
Multifamily LT 5
$736.9K
$644.8K – $859.7K
NOI $51,581 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$652.0K
$570.5K – $760.7K
NOI $45,639 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.04M
$907.9K – $1.21M
NOI $72,633 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
Demographics for 80030, CO
15,885
Population
6,823
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
6,110
Density / Sq Mi
$61,964
Median Household Income
$43,004
Median Earnings
$1,296
Median Rent
$422,300
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 - Four residential units with recent capital improvements and a current rent roll showing staggered tenant rents.
Where is this quadplex located?
The property is located at 7110 Stuart St Westminster, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit residential investment property built in 1962 with a current rent roll of $1,435, two units at $1,425, and one unit at $1,125; Recent capital improvements include a brand new water heater, professionally cleaned sewer line, and parking lot asphalt repairs; Newer roof and updated decks throughout, plus the property recently passed the annual city inspection
