Fourplex with Detached
For Sale
$995,000
1351 Wolff St, Denver, CO 80204
Four occupied apartments have separate utility meters, updated interiors, and additional off-street parking.
Property Size3,444 SF
Days on Market9
Property Features for 1351 Wolff St
General Information
Standard status
Active
Size
3,444 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,272
Building Details
Building Size
3,444 SF
Year Built
1963
Listing Agency:
WEST PEAK PROPERTIES
Listed By:
Jay Peterson
(720) 495-2412
Source:
Elliman
Added: Sep 30
Last Checked: Oct 7 at 1:19PM
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 WEST PEAK PROPERTIES
Investment Insights
Based on property information with market context.
At 1351 Wolff St, this fourplex contains four 2-bedroom, 1-bath apartments and is fully occupied. Most units have rental-grade updates, and utilities are separately metered. A detached two-car garage and additional off-street parking accompany the 7,813-square-foot lot. Improvements include a roof installed in 2023, two boilers approximately 2 and 15 years old, water heaters replaced in 2021, and swamp coolers added in 2024 and 2025.
The property is near 10th Avenue and Sheridan Boulevard, beside Dry Gulch and its walking and biking path. The 10th & Sheridan light rail station provides connections to downtown Denver and other destinations. Sloan’s Lake and Edgewater Public Market are also nearby. The neighboring four-unit property at 1359–1365 Wolff Street is available separately, with the option to acquire both properties together.
The property is near 10th Avenue and Sheridan Boulevard, beside Dry Gulch and its walking and biking path. The 10th & Sheridan light rail station provides connections to downtown Denver and other destinations. Sloan’s Lake and Edgewater Public Market are also nearby. The neighboring four-unit property at 1359–1365 Wolff Street is available separately, with the option to acquire both properties together.
Key Highlights
- Four 2‑bedroom, 1‑bath units; the property is fully occupied
- 7,813‑square‑foot lot with a detached two‑car garage and additional off‑street parking
- Separate utility meters; rental‑grade updates in most units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,235
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,700
$1.1M
Cap Rate 7%
$817,643
$817.6K
Cap Rate 9%
$635,944
$635.9K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$86.8K $25.20/SF
− Vacancy
−$5.0K −$1.46/SF
EGI
$81.8K $23.74/SF
− OpEx
−$24.5K −$7.12/SF
NOI
$57.2K $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 Rate 5%
$1,144,700
Cap Rate 7%
$817,643
Cap Rate 9%
$635,944
Alternative Uses
Best Use
Multifamily LT 5
$817.6K
$715.4K – $953.9K
NOI $57,235 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$747.0K
$653.7K – $871.5K
NOI $52,292 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.10M
$959.3K – $1.28M
NOI $76,744 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
915
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments have separate utility meters, updated interiors, and additional off-street parking.
Where is this quadplex located?
The property is located at 1351 Wolff St Denver, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; the property is fully occupied; 7,813‑square‑foot lot with a detached two‑car garage and additional off‑street parking; Separate utility meters; rental‑grade updates in most units
