Updated 4-Unit
For Sale
$900,000
4524 Thompson Court, Denver, CO 80216
Two main-level homes and two garden-level homes provide a varied layout, with off-street parking on site.
Property Size4,560 SF
Days on Market11
Property Features for 4524 Thompson Court
General Information
Standard status
Active
Size
4,560 SF
Total Parking Spaces
5
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,362
Building Details
Building Size
4,560 SF
Year Built
2005
Listing Agency:
Kentwood Real Estate DTC, LLC
Listed By:
Kyle Malnati · License #40042617
(303) 773-3399
Source:
Eliselosassore
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 7 at 3:57PM
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 Kentwood Real Estate DTC, LLC
Investment Insights
Based on property information with market context.
This 4-unit property in Denver’s Elyria-Swansea neighborhood contains 4,560 SF and was built in 2005. Its layout includes two main-level residences and two garden-level residences. The units have been updated, and the property offers 4-5 off-street parking spaces.
The property is near Downtown Denver, I-70, the A-Line, and the 39th & Blake area. Nearby amenities include parks, playgrounds, trails, and the National Western Center.
The property is near Downtown Denver, I-70, the A-Line, and the 39th & Blake area. Nearby amenities include parks, playgrounds, trails, and the National Western Center.
Key Highlights
- Four units: two on the main level and two at garden level
- 4,560 SF property built in 2005
- 4‑5 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,781
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,515,620
$1.5M
Cap Rate 7%
$1,082,586
$1.1M
Cap Rate 9%
$842,011
$842.0K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$114.9K $25.20/SF
− Vacancy
−$6.7K −$1.46/SF
EGI
$108.3K $23.74/SF
− OpEx
−$32.5K −$7.12/SF
NOI
$75.8K $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 Rate 5%
$1,515,620
Cap Rate 7%
$1,082,586
Cap Rate 9%
$842,011
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$947.3K – $1.26M
NOI $75,781 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$989.1K
$865.5K – $1.15M
NOI $69,237 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,613 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 80216, CO
15,915
Population
6,924
Households
2.3
Avg Household Size
31
Median Age
38%
College-Educated
76%
High-School Grad
10.1 sq mi
ZIP Area
1,576
Density / Sq Mi
$86,869
Median Household Income
$49,966
Median Earnings
$1,934
Median Rent
$392,500
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Two main-level homes and two garden-level homes provide a varied layout, with off-street parking on site.
Where is this quadplex located?
The property is located at 4524 Thompson Court Denver, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four units: two on the main level and two at garden level; 4,560 SF property built in 2005; 4‑5 off‑street parking spaces
