Updated Quadplex With Tenant
For Sale
$1,600,000
1339 S Grant St, Denver, CO 80210
Updated quadplex with four tenant-occupied units, separate utility meters, fenced backyards, and in-unit washer/dryer.
Property Size3,096 SF
Price / SF$516.80
Days on Market22
Property Features for 1339 S Grant St
General Information
Standard status
Active
Size
3,096 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Utilities to Site
Yes
Amenities
separate utility meters
fenced backyard
washer/dryer in each unit
Building Details
Tenancy
Multi
Listing Agency:
You 1st Realty
(303) 396-5407
Listed By:
Najheria Moore
(303) 396-5407
Source:
Exprealty
Added: Jul 11
Changed: Jul 31
Last Checked: Jul 31 at 2:47AM
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 You 1st Realty
Investment Insights
Based on property information with market context.
This updated quadplex at 1339 S Grant St features more than 3, 000 square feet and provides four tenant-occupied units: two 2-bedroom units and two 1-bedroom units. Each unit has its own separate utility meters and a spacious fenced backyard, along with assigned off-street parking plus additional street parking. Washer and dryer are included in each unit. There is no HOA.
The basement is currently rented out as storage for additional income. The basement may also offer an opportunity for conversion into an additional unit, subject to zoning, permits, and City approval.
The seller is also processing the units with the City and County of Denver so they may be sold individually. Each unit has already been professionally surveyed and assigned its own legal description, supporting an individual-unit exit strategy.
The basement is currently rented out as storage for additional income. The basement may also offer an opportunity for conversion into an additional unit, subject to zoning, permits, and City approval.
The seller is also processing the units with the City and County of Denver so they may be sold individually. Each unit has already been professionally surveyed and assigned its own legal description, supporting an individual-unit exit strategy.
Key Highlights
- Updated quadplex with more than 3, 000 square feet and two 2‑bedroom units plus two 1‑bedroom units
- All four units are currently tenant occupied
- Separate utility meters and spacious fenced backyards for each unit
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 | $78.0k | $25.20 |
| − Vacancy | −$4.5k | −$1.46 |
| EGI | $73.5k | $23.74 |
| − OpEx | −$22.1k | −$7.12 |
| NOI | $51.5k | $16.62 |
3,096 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.0K
$643.1K – $857.5K
NOI $51,451 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$671.6K
$587.6K – $783.5K
NOI $47,009 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$985.6K
$862.4K – $1.15M
NOI $68,990 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
Explore this area
Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
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 - Updated quadplex with four tenant-occupied units, separate utility meters, fenced backyards, and in-unit washer/dryer.
Where is this quadplex located?
The property is located at 1339 S Grant St Denver, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Updated quadplex with more than 3, 000 square feet and two 2‑bedroom units plus two 1‑bedroom units; All four units are currently tenant occupied; Separate utility meters and spacious fenced backyards for each unit
