Fourplex with Detached
For Sale
$1,050,000
1359 Wolff St, Denver, CO 80204
Four two-bedroom apartments have separately metered utilities and access to off-street parking.
Property Size4,080 SF
Days on Market9
Property Features for 1359 Wolff St
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,113
Building Details
Building Size
4,080 SF
Year Built
1969
Listing Agency:
WEST PEAK PROPERTIES
Listed By:
Jay Peterson
(720) 495-2412
Source:
Elliman
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 7 at 2:13PM
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.
This fourplex contains four two-bedroom, one-bath apartments, with rental-grade improvements in most units. Utilities are separately metered. A detached two-car garage and additional off-street parking are on site, along with a landscaped yard enclosed by decorative metal fencing. The lot measures 4,687 square feet. Building upgrades include a roof installed in 2023, boilers replaced in 2024 and 2025, water heaters installed in 2021 and 2025, and swamp coolers added in 2021 and 2024. The apartments are fully occupied.
The property is near the Dry Gulch walking and biking path and the 10th & Sheridan light rail station. Sloan’s Lake and Edgewater Public Market are also nearby. A separate four-unit property at 1351–1357 Wolff Street is available, allowing for a potential combined eight-unit offering.
The property is near the Dry Gulch walking and biking path and the 10th & Sheridan light rail station. Sloan’s Lake and Edgewater Public Market are also nearby. A separate four-unit property at 1351–1357 Wolff Street is available, allowing for a potential combined eight-unit offering.
Key Highlights
- Four apartments, each with two bedrooms and one bathroom
- Separately metered utilities; all units are occupied
- Detached two‑car garage plus additional off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,804
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,080
$1.4M
Cap Rate 7%
$968,629
$968.6K
Cap Rate 9%
$753,378
$753.4K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$102.8K $25.20/SF
− Vacancy
−$6.0K −$1.46/SF
EGI
$96.9K $23.74/SF
− OpEx
−$29.1K −$7.12/SF
NOI
$67.8K $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%
$1,356,080
Cap Rate 7%
$968,629
Cap Rate 9%
$753,378
Alternative Uses
Best Use
Multifamily LT 5
$968.6K
$847.6K – $1.13M
NOI $67,804 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$885.0K
$774.4K – $1.03M
NOI $61,949 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,917 @ 7.0% cap · market cap 8.66%
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 two-bedroom apartments have separately metered utilities and access to off-street parking.
Where is this quadplex located?
The property is located at 1359 Wolff St Denver, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four apartments, each with two bedrooms and one bathroom; Separately metered utilities; all units are occupied; Detached two‑car garage plus additional off‑street parking
