2377 S Locust St Denver, CO 80222
Four-unit apartment building in Denver with 3,234 square feet.
Property Features for 2377 S Locust St
General Information
- Standard status
- Active
- Size
- 3,234 SF
- Property subtype
- Multifamily
Listing office Pinnacle Real Estate Advisors (303) 962-9555
Listing date Nov 21, 2025
Source Pinnaclerea
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Investment Insights
Based on property information with market context.
Key Highlights
- 4 unit apartment building
- Denver location
- Just sold
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 | $81.5k | $25.20 |
| − Vacancy | −$4.7k | −$1.46 |
| EGI | $76.8k | $23.74 |
| − OpEx | −$23.0k | −$7.12 |
| NOI | $53.7k | $16.62 |
