Updated Fourplex Near Sloan's
For Sale
$1,349,999
1310 Wolff Street, Denver, CO 80204
Fully updated and rented fourplex in West Colfax neighborhood.
Property Size3,286 SF
Price / SF$410.83
Days on Market203
Property Features for 1310 Wolff Street
General Information
Standard status
Active
Size
3,286 SF
Total Parking Spaces
5
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,105
Amenities
Central Air
Forced Air, Natural Gas
Exterior Entry
Carpet, Vinyl, Wood
411
1606
Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Self Cleaning Oven, Washer
3286
Public Records
1680
Exterior Access
804
In Unit
Open Floorplan, Quartz Counters
Carbon Monoxide Detector(s), Smoke Detector(s)
Concrete Perimeter
Building Details
Year Built
1952
Listing Agency:
Compass
(720) 765-8984
Listed By:
Ian Randall · License #100078898
(720) 765-8984
Source:
Compass
Added: Feb 8
Changed: Aug 27
Last Checked: Aug 29 at 3:14PM
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
Investment Insights
Based on property information with market context.
This fully updated and fully rented fourplex is located in the heart of West Colfax, steps from Sloan's Lake, Edgewater Marketplace, bike paths, disc golf courses, and the train stop. The property offers convenient access to major travel routes, Jefferson Park, and various hotspots on the west side of I-25. Each unit includes a separate washer and dryer, as well as individually dedicated HVAC equipment. All units are fully rented with rental terms perfectly aligned for re-renting in peak rental season in 2026. The units feature designer-level kitchens, baths, and open-concept living areas. A fully permitted electrical upgrade has been completed for the entire property, complementing the full upgrades of all major systems. The property has a very stable rental history, fantastic potential rental income upside, and multiple revenue streams available. Ample off-street parking is available for all units. The property has a bike score of 76, making it very bikeable, a walk score of 69, indicating it is somewhat walkable, and a transit score of 53, suggesting good transit options.
Key Highlights
- Fully rented 4‑plex in a prime West Colfax location, steps from Sloan's Lake, Edgewater Marketplace, and transportation.
- All units are fully updated with designer‑level kitchens, baths, and open‑concept living areas.**
- Each unit has its own washer/dryer and dedicated HVAC system.
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
$54,609
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
4.05%
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%
$1,092,180
$1.1M
Cap Rate 7%
$780,129
$780.1K
Cap Rate 9%
$606,767
$606.8K
Market Conditions
NOI Build-Up for 3,286 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
$82.8K $25.20/SF
− Vacancy
−$4.8K −$1.46/SF
EGI
$78.0K $23.74/SF
− OpEx
−$23.4K −$7.12/SF
NOI
$54.6K $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 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%
$1,092,180
Cap Rate 7%
$780,129
Cap Rate 9%
$606,767
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.2K
NOI $54,609 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$712.8K
$623.7K – $831.6K
NOI $49,893 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,224 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
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?
Quadplex - Fully updated and rented fourplex in West Colfax neighborhood.
Where is this quadplex located?
The property is located at 1310 Wolff Street Denver, CO.
What is the asking price?
The asking price for this property is $1,349,999.
What are key features of this property?
This property features: Fully rented 4‑plex in a prime West Colfax location, steps from Sloan's Lake, Edgewater Marketplace, and transportation.; All units are fully updated with designer‑level kitchens, baths, and open‑concept living areas.**; Each unit has its own washer/dryer and dedicated HVAC system.
