Quadplex Near Sloan’s
4500 W 16th Avenue, Denver, CO 80204
For Sale
$1,249,000
Pending
Four residential units occupy a corner parcel zoned U-RH-3A.
Property Size3,613 SF
Lot Size0.22 Acres
Days on Market62
Property Features for 4500 W 16th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Additional Details
Cap Rate
Tenant in Place
Building Details
Year Built
Listing Agency:
Capital Property Group LLC
(303) 502-7333
Listed By:
Will McKinlay · License CO #100042049
(303) 514-7412
Source:
Teamlassen
Added: Sep 10
Changed: Nov 10
Last Checked: Nov 9 at 2:57PM
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 Capital Property Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,613 square feet on a 9,370-square-foot corner site. Built in 1954, the property is zoned U-RH-3A. Two units are occupied by family members at below-market rents; one resident in a two-bedroom unit is expected to leave by the end of October, while the lease for the resident at 1591 Utica ends in July 2027.
Sloan’s Lake Park is one block away. The property’s corner position and zoning are additional defining site characteristics.
Sloan’s Lake Park is one block away. The property’s corner position and zoning are additional defining site characteristics.
Key Highlights
- Four‑unit residential property on a 9,370‑square‑foot corner site
- 3,613 square feet of building area
- U‑RH‑3A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,043
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,200,860
$1.2M
Cap Rate 7%
$857,757
$857.8K
Cap Rate 9%
$667,144
$667.1K
Market Conditions
NOI Build-Up for 3,613 SF
Gross rent
$91.0K $25.20/SF
− Vacancy
−$5.3K −$1.46/SF
EGI
$85.8K $23.74/SF
− OpEx
−$25.7K −$7.12/SF
NOI
$60.0K $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 Rate 5%
$1,200,860
Cap Rate 7%
$857,757
Cap Rate 9%
$667,144
Alternative Uses
Best Use
Multifamily LT 5
$857.8K
$750.5K – $1.00M
NOI $60,043 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$783.7K
$685.7K – $914.3K
NOI $54,858 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,510 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Denver, CO
Properties on Market for Quadplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units occupy a corner parcel zoned U-RH-3A.
Where is this quadplex located?
The property is located at 4500 W 16th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Four‑unit residential property on a 9,370‑square‑foot corner site; 3,613 square feet of building area; U‑RH‑3A zoning
