Cash-Flowing Fourplex Investment
For Sale
$649,000
174 N 7th Avenue, Brighton, CO 80601
Well-kept, fully rented fourplex generating steady income.
Property Size2,400 SF
Price / SF$270.42
Days on Market137
Property Features for 174 N 7th Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,060
Building Details
Year Built
1948
Listing Agency:
D&G Real Estate Agency
(303) 653-4384
Listed By:
Gina Palombo · License #100006341
(303) 653-4384
Source:
Exitrealty
Added: Apr 10
Changed: Aug 23
Last Checked: Aug 23 at 4:42AM
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 D&G Real Estate Agency
Investment Insights
Based on property information with market context.
This is a fully rented fourplex that generates income. Each unit has been updated to attract and retain tenants. Newer kitchen appliances, water heaters, and heating and cooling systems with A/C window units are included. Each unit also features its own stackable washer and dryer. The bathrooms and kitchens have been updated. The property has long-term tenants and minimal maintenance needs. The bike score is 47, indicating it is somewhat bikeable. The walk score is 63, meaning it is somewhat walkable, and the transit score is 24, indicating minimal transit options.
Key Highlights
- Fully rented fourplex generating steady income
- Updated units to attract and retain quality tenants
- Newer kitchen appliances, water heaters, and heating/cooling systems
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
$27,621
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
4.26%
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%
$552,420
$552.4K
Cap Rate 7%
$394,586
$394.6K
Cap Rate 9%
$306,900
$306.9K
Market Conditions
NOI Build-Up for 2,400 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
$41.8K $17.40/SF
− Vacancy
−$2.3K −$0.96/SF
EGI
$39.5K $16.44/SF
− OpEx
−$11.8K −$4.93/SF
NOI
$27.6K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /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%
$552,420
Cap Rate 7%
$394,586
Cap Rate 9%
$306,900
Alternative Uses
Best Use
Multifamily LT 5
$394.6K
$345.3K – $460.4K
NOI $27,621 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$362.4K
$317.1K – $422.8K
NOI $25,366 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office B
$437.4K
$382.7K – $510.3K
NOI $30,618 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,106
Businesses Nearby
Explore this area
Business Placement
Demographics for 80601, CO
40,460
Population
13,885
Households
2.9
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
26.2 sq mi
ZIP Area
1,544
Density / Sq Mi
$99,031
Median Household Income
$49,378
Median Earnings
$1,729
Median Rent
$471,900
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-kept, fully rented fourplex generating steady income.
Where is this quadplex located?
The property is located at 174 N 7th Avenue Brighton, CO.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Fully rented fourplex generating steady income; Updated units to attract and retain quality tenants; Newer kitchen appliances, water heaters, and heating/cooling systems
