Fourplex Apartment Building with
For Sale
$1,035,000
4372 Fenton Street, Denver, CO 80212
Four-unit apartment building with two rental garages and shared laundry, offering a mix of updated and unrenovated interiors.
Property Size4,690 SF
Price / SF$220.68
Days on Market126
Property Features for 4372 Fenton Street
General Information
Standard status
Active
Size
4,690 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,342
Building Details
Year Built
1959
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
(949) 633-4556
Listed By:
Ralph Beatty · License #100051692
(949) 633-4556
Source:
Exitrealty
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 11 at 8:26AM
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 Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Investment Insights
Based on property information with market context.
The Fenton Street Apartments is a four-unit multifamily property with two-bedroom/one-bath residences and one larger three-bedroom/one-bath unit. Three units offer spacious two-bedroom layouts, and one unit provides a bigger three-bedroom configuration. Two apartments (4368 and 4370) have fully updated interiors with open floorplans and strong natural light, while the remaining two units (4366 and 4372) are unrenovated and present an owner with renovation-focused upside. Additional income is supported by two income garages, and residents share laundry facilities.
Located at 4372 Fenton Street, the property sits in the Town of Mountain View, described as a pocket within the Denver metro with immediate access to surrounding urban amenities. The remarks note the asset is minutes from Denver, Wheat Ridge, and Lakeside, balancing neighborhood feel with proximity to employment, retail, and transit corridors.
From an owner-operator or investor standpoint, this building offers both in-place rental income and a clear path to improve value through updating the two unrenovated units. The current zoning is listed as C-1, and the Town’s Municipal Code (Ch. 16, Art. 6) is stated to permit residential uses within mixed-use structures. The description further notes the Fenton Street corridor as a redevelopment priority area, allowing consideration of a mixed-use, loft-style concept with ground-floor commercial space and upper-floor residential units in the future.
Located at 4372 Fenton Street, the property sits in the Town of Mountain View, described as a pocket within the Denver metro with immediate access to surrounding urban amenities. The remarks note the asset is minutes from Denver, Wheat Ridge, and Lakeside, balancing neighborhood feel with proximity to employment, retail, and transit corridors.
From an owner-operator or investor standpoint, this building offers both in-place rental income and a clear path to improve value through updating the two unrenovated units. The current zoning is listed as C-1, and the Town’s Municipal Code (Ch. 16, Art. 6) is stated to permit residential uses within mixed-use structures. The description further notes the Fenton Street corridor as a redevelopment priority area, allowing consideration of a mixed-use, loft-style concept with ground-floor commercial space and upper-floor residential units in the future.
Key Highlights
- Four‑unit apartment building built in 1959 in the Town of Mountain View.
- Unit mix: three 2BD/1BA units at ~1,045 SF each and one 3BD/1BA unit over 1,100 SF.
- Two units (4368 and 4370) have fully updated interiors with open floorplans and strong natural light.
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
$77,941
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
7.53%
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%
$1,558,820
$1.6M
Cap Rate 7%
$1,113,443
$1.1M
Cap Rate 9%
$866,011
$866.0K
Market Conditions
NOI Build-Up for 4,690 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
$118.2K $25.20/SF
− Vacancy
−$6.8K −$1.46/SF
EGI
$111.3K $23.74/SF
− OpEx
−$33.4K −$7.12/SF
NOI
$77.9K $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%
$1,558,820
Cap Rate 7%
$1,113,443
Cap Rate 9%
$866,011
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$974.3K – $1.30M
NOI $77,941 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$1.02M
$890.1K – $1.19M
NOI $71,211 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,510 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
802
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit apartment building with two rental garages and shared laundry, offering a mix of updated and unrenovated interiors.
Where is this quadplex located?
The property is located at 4372 Fenton Street Denver, CO.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: Four‑unit apartment building built in 1959 in the Town of Mountain View.; Unit mix: three 2BD/1BA units at ~1,045 SF each and one 3BD/1BA unit over 1,100 SF.; Two units (4368 and 4370) have fully updated interiors with open floorplans and strong natural light.
