Six-Unit Apartment
For Sale
$975,000
5331 S Delaware Street, Littleton, CO 80120
Updated roofing, newer windows, and on-site laundry support practical multifamily operations.
Property Size4,896 SF
Days on Market94
Property Features for 5331 S Delaware Street
General Information
Standard status
Active
Size
4,896 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$6,873
Amenities
onsite laundry room
Building Details
Building Size
4,896 SF
Year Built
1972
Listing Agency:
Littleton Real Estate Company
(303) 730-8170
Listed By:
Kurt Krantz
Source:
Eliselosassore
Added: May 4
Changed: Aug 2
Last Checked: Aug 4 at 9:18AM
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 Littleton Real Estate Company
Investment Insights
Based on property information with market context.
This six-unit apartment property was built in 1972 and includes off-street parking for each unit. Interior finishes are presented in neutral colors, while newer windows and a 60 mil TPO roof installed in 2020 provide notable improvements. An on-site laundry room adds shared functionality for residents.
The property is located in Littleton, with bus service one block away and light rail approximately 3 miles from the building. The surrounding area includes access to parks, shopping, recreation, and Littleton Public Schools. The combination of unit-level parking, updated building components, and nearby transportation supports continued multifamily use.
The property is located in Littleton, with bus service one block away and light rail approximately 3 miles from the building. The surrounding area includes access to parks, shopping, recreation, and Littleton Public Schools. The combination of unit-level parking, updated building components, and nearby transportation supports continued multifamily use.
Key Highlights
- Six apartment units with off‑street parking for each unit
- 60 mil TPO roof installed in 2020
- Newer windows and neutral‑colored unit interiors
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.6k | $28.92 |
| − Vacancy | −$6.4k | −$1.30 |
| EGI | $135.2k | $27.62 |
| − OpEx | −$60.8k | −$12.43 |
| NOI | $74.4k | $15.19 |
4,896 SF · lease $28.92/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$929.6K – $1.24M
NOI $74,371 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,718 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
Explore this area
Business Placement
Demographics for 80120, CO
29,445
Population
14,252
Households
2.1
Avg Household Size
42
Median Age
52%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,505
Density / Sq Mi
$91,162
Median Household Income
$52,849
Median Earnings
$1,607
Median Rent
$596,400
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?
Apartment building - Updated roofing, newer windows, and on-site laundry support practical multifamily operations.
Where is this apartment building located?
The property is located at 5331 S Delaware Street Littleton, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Six apartment units with off‑street parking for each unit; 60 mil TPO roof installed in 2020; Newer windows and neutral‑colored unit interiors
