Four-Plex with Coin
For Sale
$1,150,000
1411 Clayton Street, Denver, CO 80206
Well-maintained four-plex built in 1897 with coin-operated laundry, off-street parking, and a large garage for expansion potential.
Property Size2,419 SF
Days on Market151
Property Features for 1411 Clayton Street
General Information
Standard status
Active
Size
2,419 SF
Total Parking Spaces
3
Property subtype
Quadruplex
Additional Details
Cap Rate
6%
Fenced Yard
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,984
Amenities
coin-operated laundry
off-street parking
fenced yard
large garage
Building Details
Building Size
2,419 SF
Year Built
1897
Year Renovated
2022
Tenancy
Multi
Listing Agency:
MMGREA LLC
Listed By:
Jason Koch · License #100017489
(303) 918-8909
Source:
Corken
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 7 at 9:10AM
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 MMGREA LLC
Investment Insights
Based on property information with market context.
This well-cared-for four-plex multifamily property was built in 1897 and has been maintained with many original features. The building includes original fixtures and 1890s-style wood detailing throughout. Units have been updated, and coin-operated laundry is on site with separate access. The property also has a large garage and a fenced-in back yard.
Additional improvements and operational items listed include a complete rebuild in 2022, new exterior paint, and fresh paint and landscaping. Off-street parking for three vehicles is provided.
The garage is described as having the potential to be converted to a fifth unit. The remarks also reference an approved 2023 landlord license and that the property has passed inspection. Loan terms are described as having an assumable 3.6% loan, along with cap rate potential of 6.0% and the possibility of 7.5% with conversion.
Additional improvements and operational items listed include a complete rebuild in 2022, new exterior paint, and fresh paint and landscaping. Off-street parking for three vehicles is provided.
The garage is described as having the potential to be converted to a fifth unit. The remarks also reference an approved 2023 landlord license and that the property has passed inspection. Loan terms are described as having an assumable 3.6% loan, along with cap rate potential of 6.0% and the possibility of 7.5% with conversion.
Key Highlights
- Four‑plex multifamily built in 1897 with updated units and original 1890’s wood detailing throughout
- Separately accessible coin‑operated laundry included on site
- Completely rebuilt in 2022, with new exterior paint
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
$40,200
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
3.50%
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%
$804,000
$804.0K
Cap Rate 7%
$574,286
$574.3K
Cap Rate 9%
$446,667
$446.7K
Market Conditions
NOI Build-Up for 2,419 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
$61.0K $25.20/SF
− Vacancy
−$3.5K −$1.46/SF
EGI
$57.4K $23.74/SF
− OpEx
−$17.2K −$7.12/SF
NOI
$40.2K $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 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%
$804,000
Cap Rate 7%
$574,286
Cap Rate 9%
$446,667
Alternative Uses
Best Use
Multifamily LT 5
$574.3K
$502.5K – $670.0K
NOI $40,200 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$524.7K
$459.1K – $612.2K
NOI $36,729 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$770.1K
$673.8K – $898.4K
NOI $53,904 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
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?
Quadplex - Well-maintained four-plex built in 1897 with coin-operated laundry, off-street parking, and a large garage for expansion potential.
Where is this quadplex located?
The property is located at 1411 Clayton Street Denver, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑plex multifamily built in 1897 with updated units and original 1890’s wood detailing throughout; Separately accessible coin‑operated laundry included on site; Completely rebuilt in 2022, with new exterior paint
