Four-Unit Apartment
2131 S Grant Street, Denver, CO 80210
For Sale
$950,000
Four matching one-bedroom residences share laundry facilities and individual basement storage.
Property Size2,995 SF
Days on Market49
Property Features for 2131 S Grant Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared onsite laundry
included landscaping
individual storage unit
Building Details
Building Size
Year Built
Listing Agency:
Your Castle Real Estate Inc
Listed By:
Joe Solomon
(303) 962-4272
Source:
Eliselosassore
Added: Sep 26
Changed: Nov 9
Last Checked: Nov 12 at 6:50PM
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 Your Castle Real Estate Inc
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains four identical one-bedroom, one-bathroom residences. Shared laundry is located onsite, and each residence has its own basement storage unit. Landscaping is included, with parking available on the street and in a private area at the rear of the property. The building dates to 1945.
Harvard Gulch Park is nearby. South Broadway, the Denver Art Museum, and Cherry Creek are also identified as area destinations.
Harvard Gulch Park is nearby. South Broadway, the Denver Art Museum, and Cherry Creek are also identified as area destinations.
Key Highlights
- Four identical units, each with 1 bedroom and 1 bathroom
- Onsite community laundry
- A separate basement storage unit for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,773
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$995,460
$995.5K
Cap Rate 7%
$711,043
$711.0K
Cap Rate 9%
$553,033
$553.0K
Market Conditions
NOI Build-Up for 2,995 SF
Gross rent
$75.5K $25.20/SF
− Vacancy
−$4.4K −$1.46/SF
EGI
$71.1K $23.74/SF
− OpEx
−$21.3K −$7.12/SF
NOI
$49.8K $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%
$995,460
Cap Rate 7%
$711,043
Cap Rate 9%
$553,033
Alternative Uses
Best Use
Multifamily LT 5
$711.0K
$622.2K – $829.6K
NOI $49,773 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$649.6K
$568.4K – $757.9K
NOI $45,475 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$953.4K
$834.2K – $1.11M
NOI $66,739 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,111
Businesses Nearby
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Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Denver, CO
Properties on Market for Quadplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four matching one-bedroom residences share laundry facilities and individual basement storage.
Where is this quadplex located?
The property is located at 2131 S Grant Street Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four identical units, each with 1 bedroom and 1 bathroom; Onsite community laundry; A separate basement storage unit for each residence
