Updated 4-Unit
For Sale
$999,999
1736 N Washington Street, Denver, CO 80203
Vintage multifamily property with refreshed interiors, in-unit mini-split systems, and on-site parking amenities.
Property Size3,389 SF
Price / SF$295.07
Days on Market143
Property Features for 1736 N Washington Street
General Information
Standard status
Active
Size
3,389 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,295
Amenities
in-unit mini-split systems
on-site laundry
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9555
Listed By:
Jim Knowlton · License #100032419
(303) 962-9555
Source:
Exitrealty
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 31 at 3:16PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
Built in 1900, this 3,389-square-foot quadplex contains four residential units with updated kitchens, bathrooms, and flooring. In-unit mini-split systems provide air conditioning, while two owner-owned washer and dryer sets add shared laundry equipment. The property also includes a one-car garage and one off-street parking space, with additional street parking available.
Located at 1736 N Washington Street in Denver’s North Capitol Hill/Uptown area, the building is positioned within a walkable setting near bars, restaurants, and downtown amenities. The property has a history of long-term tenancy and established rental activity.
Located at 1736 N Washington Street in Denver’s North Capitol Hill/Uptown area, the building is positioned within a walkable setting near bars, restaurants, and downtown amenities. The property has a history of long-term tenancy and established rental activity.
Key Highlights
- Four‑unit quadplex built in 1900
- 3,389‑square‑foot multifamily building
- Updated kitchens, bathrooms, and flooring
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
$56,321
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
5.63%
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%
$1,126,420
$1.1M
Cap Rate 7%
$804,586
$804.6K
Cap Rate 9%
$625,789
$625.8K
Market Conditions
NOI Build-Up for 3,389 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
$85.4K $25.20/SF
− Vacancy
−$4.9K −$1.46/SF
EGI
$80.5K $23.74/SF
− OpEx
−$24.1K −$7.12/SF
NOI
$56.3K $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%
$1,126,420
Cap Rate 7%
$804,586
Cap Rate 9%
$625,789
Alternative Uses
Best Use
Multifamily LT 5
$804.6K
$704.0K – $938.7K
NOI $56,321 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,457 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.08M
$944.0K – $1.26M
NOI $75,519 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
9,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Vintage multifamily property with refreshed interiors, in-unit mini-split systems, and on-site parking amenities.
Where is this quadplex located?
The property is located at 1736 N Washington Street Denver, CO.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four‑unit quadplex built in 1900; 3,389‑square‑foot multifamily building; Updated kitchens, bathrooms, and flooring
