Triplex with Private
For Sale
$699,000
375 S Quitman St, Denver, CO 80219
Three-unit triplex features private garages, plus a covered patio and utility shed on a level lot.
Days on Market8
Property Features for 375 S Quitman St
General Information
Standard status
Active
Property subtype
Investment
Lease Term
Month-to-month
Additional Details
Multifamily Units
3
Amenities
private garages
private backyard
covered patio
utility shed
Building Details
Building Size
3,017 SF
Year Built
1940
Tenancy
Multi
Listing Agency:
(303) 726-0410
Listed By:
The Griffith Home Team
(303) 726-0410
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 1 at 7:40AM
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 The Griffith Home Team
Investment Insights
Based on property information with market context.
This triplex offers three separate units, each with its own private garage. The property includes a level lot with a private backyard, complemented by a covered patio and a utility shed, providing practical outdoor storage and space.
The home is positioned for convenient everyday access, described as being within minutes of neighborhood schools, public transportation, shopping, dining, and major roadways. BikeScore of 71 (very bikeable) and WalkScore of 76 (very walkable) are also noted, with a TransitScore of 41 (some transit).
The layout and site are also presented as well-suited for future improvements, including an option for additional garage space with alley access or an extended driveway, subject to plans and approvals.
The home is positioned for convenient everyday access, described as being within minutes of neighborhood schools, public transportation, shopping, dining, and major roadways. BikeScore of 71 (very bikeable) and WalkScore of 76 (very walkable) are also noted, with a TransitScore of 41 (some transit).
The layout and site are also presented as well-suited for future improvements, including an option for additional garage space with alley access or an extended driveway, subject to plans and approvals.
Key Highlights
- Triplex built in 1940 with 3 units, each with its own private garage
- Level lot with private backyard featuring a covered patio and utility shed
- Option for future garage with alley access or an extended driveway (per listing remarks)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.0k | $22.20 |
| − Vacancy | −$3.9k | −$1.29 |
| EGI | $63.1k | $20.91 |
| − OpEx | −$18.9k | −$6.27 |
| NOI | $44.2k | $14.64 |
3,017 SF · lease $22.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$631.0K
$552.1K – $736.2K
NOI $44,170 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$579.6K
$507.2K – $676.2K
NOI $40,574 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$860.6K
$753.0K – $1.00M
NOI $60,243 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
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 - Three-unit triplex features private garages, plus a covered patio and utility shed on a level lot.
Where is this triplex located?
The property is located at 375 S Quitman St Denver, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Triplex built in 1940 with 3 units, each with its own private garage; Level lot with private backyard featuring a covered patio and utility shed; Option for future garage with alley access or an extended driveway (per listing remarks)
