Four-Plex with In-Unit
1938 S Columbine Street Denver, CO 80210
1938 S Columbine Street, Denver, CO, 80210
$1,200,000
For Sale
$1,200,000
Well-maintained quadplex built in 1951 with in-unit washers and dryers across four residential units.
Property Size2,864 SF
Price / SF$418.99
Days on Market163
Property Features for 1938 S Columbine Street
General Information
- Standard status
- Active
- Size
- 2,864 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing agency
Unique Properties LLC
(781) 733-3732
Listed by
Will McCauley · License #100087986
(781) 733-3732
Source
Exitrealty
Added: Feb 9 Updated: Jul 20 at 11:40PM Checked: Jul 21 at 5:31AM
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 Unique Properties LLC
Investment Insights
Based on property information with market context.
Columbine Manor is a well-maintained four-plex built in 1951, offering three one-bedroom units and one two-bedroom unit, with one bathroom per unit. All apartments include in-unit washers and dryers, along with private yards for outdoor space. The building is set up with both front and rear entrances and provides four garages for resident parking.
The property is located at 1938 S Columbine Street in Denver, positioned in the University of Denver rental core with immediate proximity to the University of Denver.
The property is zoned G-MU-3, which allows higher-density mixed-use development. This provides long-term flexibility alongside the existing four-unit residential configuration.
The property is located at 1938 S Columbine Street in Denver, positioned in the University of Denver rental core with immediate proximity to the University of Denver.
The property is zoned G-MU-3, which allows higher-density mixed-use development. This provides long-term flexibility alongside the existing four-unit residential configuration.
Key Highlights
- Well‑maintained quadplex built in 1951 with 4 total residential units at 1938 S Columbine Street, Denver, CO
- Unit mix: three 1‑bedroom units and one 2‑bedroom unit, with 1 bathroom per unit
- In‑unit washers and dryers in all units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.2k | $25.20 |
| − Vacancy | −$4.2k | −$1.46 |
| EGI | $68.0k | $23.74 |
| − OpEx | −$20.4k | −$7.12 |
| NOI | $47.6k | $16.62 |
2,864 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$679.9K
$595.0K – $793.3K
NOI $47,596 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$621.2K
$543.6K – $724.8K
NOI $43,486 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$911.7K
$797.8K – $1.06M
NOI $63,820 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained quadplex built in 1951 with in-unit washers and dryers across four residential units.
Where is this quadplex located?
The property is located at 1938 S Columbine Street Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Well‑maintained quadplex built in 1951 with 4 total residential units at 1938 S Columbine Street, Denver, CO; Unit mix: three 1‑bedroom units and one 2‑bedroom unit, with 1 bathroom per unit; In‑unit washers and dryers in all units
