Denver Fourplex Near Tennyson
For Sale
$875,000
Pending
3820 Xavier St, Denver, CO 80212
Two-story fourplex with oversized units near vibrant Tennyson Street.
Property Size2,336 SF
Lot Size0.13 Acres
Days on Market274
Property Features for 3820 Xavier St
General Information
Standard status
Pending
Size
2,336 SF
Lot size
0.13 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,001
Building Details
Building Size
2,336 SF
Year Built
1959
Listing Agency:
Kaufman Hagan Commercial Real Estate
(720) 822-0029
Listed By:
Colby Constantine · License #ER100049712
(720) 822-0029
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 27
Last Checked: Aug 29 at 12:26PM
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 Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
Located on Xavier Street in Denver, this two-story fourplex contains four oversized one-bedroom, one-bathroom units. Situated just off 38th Avenue, the property is a quarter mile from the shops and restaurants on Tennyson Street. Constructed in 1959, the building features a flat roof and has seen capital improvements over the last 10 years, including new windows and updated major systems. The facade has been renovated. The gross building size is 2,336 square feet, situated on a 5,540-square-foot lot. Parking is provided via surface off-street spaces. Air conditioning is provided via window units. Water and sewer are master metered, while electric and gas are individually metered. The property is located in a residential neighborhood. The zoning is U-MS-3. This multifamily asset offers opportunities for both investors and owner-occupants due to its spacious layouts and location.
Key Highlights
- Prime location near 38th Ave and Tennyson St shops and restaurants.
- Four oversized 1‑bedroom, 1‑bathroom units.
- Significant capital improvements including new windows and updated major 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
$38,821
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
4.44%
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%
$776,420
$776.4K
Cap Rate 7%
$554,586
$554.6K
Cap Rate 9%
$431,344
$431.3K
Market Conditions
NOI Build-Up for 2,336 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
$58.9K $25.20/SF
− Vacancy
−$3.4K −$1.46/SF
EGI
$55.5K $23.74/SF
− OpEx
−$16.6K −$7.12/SF
NOI
$38.8K $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 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%
$776,420
Cap Rate 7%
$554,586
Cap Rate 9%
$431,344
Alternative Uses
Best Use
Multifamily LT 5
$554.6K
$485.3K – $647.0K
NOI $38,821 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$506.7K
$443.4K – $591.2K
NOI $35,469 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$743.6K
$650.7K – $867.6K
NOI $52,054 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,481
Businesses Nearby
Explore this area
Business Placement
Demographics for 80212, CO
20,397
Population
10,870
Households
1.9
Avg Household Size
38
Median Age
64%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
5,666
Density / Sq Mi
$118,692
Median Household Income
$76,379
Median Earnings
$1,714
Median Rent
$705,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story fourplex with oversized units near vibrant Tennyson Street.
Where is this quadplex located?
The property is located at 3820 Xavier St Denver, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Prime location near 38th Ave and Tennyson St shops and restaurants.; Four oversized 1‑bedroom, 1‑bathroom units.; Significant capital improvements including new windows and updated major systems.
