Renovated Four-Unit
5355 Quitman Street, Denver, CO 80212
For Sale
$950,000
Up/down configuration includes separate access, kitchens, and washer/dryer hookups.
Property Size3,400 SF
Lot Size0.31 Acres
Days on Market110
Property Features for 5355 Quitman Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookups
Building Details
Building Size
Year Built
Listing Agency:
Compass - Denver
Listed By:
Brady Efting
(970) 381-7366
Source:
Eliselosassore
Added: Jul 27
Changed: Nov 7
Last Checked: Nov 12 at 3:50PM
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 Compass - Denver
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Investment Insights
Based on property information with market context.
Located at 5355 Quitman St in Denver, this 3,400-square-foot quadplex contains four separately accessed units arranged in an up/down configuration. The property provides 8 beds, 4 baths, 4 kitchens, dedicated living areas, and washer/dryer hookups. Renovation work was completed three years ago, and the building is described as well-maintained and in good condition.
Two oversized 1-car garages add functional storage and parking capacity. The property occupies a 13,300-square-foot lot near Regis University. Current market rents support an estimated 6.2% cap rate. The site has also been identified for a possible scrape-and-rebuild concept involving higher-end duplex product with mountain views, subject to buyer verification of zoning and entitlements.
Two oversized 1-car garages add functional storage and parking capacity. The property occupies a 13,300-square-foot lot near Regis University. Current market rents support an estimated 6.2% cap rate. The site has also been identified for a possible scrape-and-rebuild concept involving higher-end duplex product with mountain views, subject to buyer verification of zoning and entitlements.
Key Highlights
- Four‑unit quadplex with 8 beds, 4 baths, and 4 kitchens
- 3,400 SF building on a 13,300 sq ft lot
- Four separately accessed units in an up/down configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,503
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,060
$1.1M
Cap Rate 7%
$807,186
$807.2K
Cap Rate 9%
$627,811
$627.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$85.7K $25.20/SF
− Vacancy
−$5.0K −$1.46/SF
EGI
$80.7K $23.74/SF
− OpEx
−$24.2K −$7.12/SF
NOI
$56.5K $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%
$1,130,060
Cap Rate 7%
$807,186
Cap Rate 9%
$627,811
Alternative Uses
Best Use
Multifamily LT 5
$807.2K
$706.3K – $941.7K
NOI $56,503 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$737.5K
$645.3K – $860.4K
NOI $51,624 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.08M
$947.1K – $1.26M
NOI $75,764 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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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
$705,300
Median Home Value
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Market
Average Price Trend$/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 - Up/down configuration includes separate access, kitchens, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 5355 Quitman Street Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit quadplex with 8 beds, 4 baths, and 4 kitchens; 3,400 SF building on a 13,300 sq ft lot; Four separately accessed units in an up/down configuration
