6-Unit Apartment
5331 S Delaware Street Littleton, CO 80120
5331 S Delaware Street, Littleton, CO, 80120
$1,100,000
For Sale
$1,100,000
Six-unit apartment building with off-street parking per unit, onsite laundry, and 2020 roof and window upgrades.
Property Size4,896 SF
Price / SF$224.67
Days on Market80
Property Features for 5331 S Delaware Street
General Information
- Standard status
- Active
- Size
- 4,896 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1972
Listing agency
LITTLETON REAL ESTATE COMPANY
(303) 730-8170
Listed by
KURT KRANTZ
Source
Corcoran
Added: May 4 Updated: Jul 22 at 5:47AM Checked: Jul 22 at 5:47AM
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 6-unit apartment building presents well and includes off-street parking for each unit. Improvements reported include a new roof and windows completed in 2020, and the individual units are described as finished in neutral colors. An onsite laundry room is also available for residents.
The property is offered for sale at 5331 S Delaware Street in Littleton, Colorado. Public remarks indicate easy access to major transportation options, with buses located about a block away and light rail reported approximately three miles from the site. It is also described as close to parks, shopping, and recreation.
The building is positioned within the Littleton Public Schools service area, and the property is listed as having measurements that are approximate.
The property is offered for sale at 5331 S Delaware Street in Littleton, Colorado. Public remarks indicate easy access to major transportation options, with buses located about a block away and light rail reported approximately three miles from the site. It is also described as close to parks, shopping, and recreation.
The building is positioned within the Littleton Public Schools service area, and the property is listed as having measurements that are approximate.
Key Highlights
- 6‑unit apartment building built in 1972 with off‑street parking for each unit
- New roof and windows completed in 2020
- Onsite laundry room for residents
Local 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 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,718 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit apartment building with off-street parking per unit, onsite laundry, and 2020 roof and window upgrades.
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 $1,100,000.
What are key features of this property?
This property features: 6‑unit apartment building built in 1972 with off‑street parking for each unit; New roof and windows completed in 2020; Onsite laundry room for residents
