Four-Unit Multifamily
New
For Sale
$535,000
400 S Hazel Ct, Denver, CO 80219
Each apartment has one bedroom and one bathroom, with two units recently renovated and vacant.
Property Size1,660 SF
Days on Market1
Property Features for 400 S Hazel Ct
General Information
Standard status
Active
Size
1,660 SF
Property subtype
Investment
Site & Location
Neighborhood
Westwood
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,548
Building Details
Building Size
1,660 SF
Year Built
1936
Listing Agency:
WEST PEAK PROPERTIES
Listed By:
Jay Peterson
(720) 495-2412
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 3:27PM
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 WEST PEAK PROPERTIES
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Investment Insights
Based on property information with market context.
This 1936 multifamily building contains four one-bedroom, one-bathroom apartments. Two units are vacant and have updated flooring, appliances, and paint; the other two are occupied. A central boiler installed in 2014 serves the property, which has one gas meter and one electric meter. Utilities are included in tenant rents. Exterior details include stucco, separate front entrances, white fencing, mature landscaping, and two storage sheds behind the building.
The property is near the Alameda Avenue and Federal Boulevard corridors in Denver, with access to shopping, dining, public transportation, and downtown. Barnum Park, Barnum Recreation Center, and restaurants and community amenities in Westwood are also nearby.
The property is near the Alameda Avenue and Federal Boulevard corridors in Denver, with access to shopping, dining, public transportation, and downtown. Barnum Park, Barnum Recreation Center, and restaurants and community amenities in Westwood are also nearby.
Key Highlights
- Four apartments, each with one bedroom and one bathroom
- Two vacant apartments have new flooring, appliances, and paint
- Central boiler installed in 2014; single gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,303
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,060
$486.1K
Cap Rate 7%
$347,186
$347.2K
Cap Rate 9%
$270,033
$270.0K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$36.9K $22.20/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$34.7K $20.91/SF
− OpEx
−$10.4K −$6.27/SF
NOI
$24.3K $14.64/SF
Area
ZIP 80219
Vacancy
5.79%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,060
Cap Rate 7%
$347,186
Cap Rate 9%
$270,033
Alternative Uses
Best Use
Multifamily LT 5
$347.2K
$303.8K – $405.1K
NOI $24,303 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$318.9K
$279.1K – $372.1K
NOI $22,324 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$473.5K
$414.3K – $552.5K
NOI $33,147 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has one bedroom and one bathroom, with two units recently renovated and vacant.
Where is this quadplex located?
The property is located at 400 S Hazel Ct Denver, CO.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Four apartments, each with one bedroom and one bathroom; Two vacant apartments have new flooring, appliances, and paint; Central boiler installed in 2014; single gas and electric meters
