3552 Morrison Rd, Denver, CO 80219
Eleven-unit multifamily property in Denver's Westwood neighborhood with immediate cash flow.
- Added:
- Jan 29, 2026
- Days on Market:
- 150
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 3552 Morrison Rd
General Information
- Standard status
- Active
- Size
- 5,613 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1941
Listing office Kaufman Hagan Commercial Real Estate (650) 740-9570
Listing date Jan 29, 2026
Source Crexi
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HighLights
- High Going‑In Cap Rate (above 8%) provides exceptional day‑one returns and immediate cash flow.
- Prime location in the heart of Denver's Westwood neighborhood, offering easy access to Downtown Denver.
- Recent capital improvements (new electrical panels, updated flooring) mitigate near‑term maintenance risks.
- In‑place rents are at or near market rates, positioning the property for positive leverage.
- Shared backyard common area drives tenant retention and strengthens marketability.
- Stable, 11‑unit multifamily asset with brick masonry construction.
Overview
Local Financial Insights For Apartment 5plus
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 | $146.2k | $26.04 |
| − Vacancy | −$8.9k | −$1.59 |
| EGI | $137.2k | $24.45 |
| − OpEx | −$61.8k | −$11.00 |
| NOI | $75.5k | $13.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.0341996
- Latitude
- 39.7099212