Renovated Four-Unit
For Sale
$950,000
5355 Quitman St, Denver, CO 80212
Up/down configuration includes separate access, kitchens, and washer/dryer hookups.
Property Size3,400 SF
Lot Size0.31 Acres
Price / SF$279.41
Days on Market14
Property Features for 5355 Quitman St
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
2
Lot size
0.31 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,641
Amenities
washer/dryer hookups
Listing Agency:
Compass - Denver
(970) 381-7366
Listed By:
Brady Efting
(970) 381-7366
Source:
Exprealty
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 9 at 10:07AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 St 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
