Four-Unit Multifamily
For Sale
$825,000
539 Gray Court, Denver, CO 80226
Converted residential property with all units occupied and access to nearby parks and major transit routes.
Property Size4,104 SF
Price / SF$201.02
Days on Market77
Property Features for 539 Gray Court
General Information
Standard status
Active
Size
4,104 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,951
Building Details
Year Built
1963
Listing Agency:
Signature Real Estate Corp.
(303) 219-0210
Listed By:
Nam Tran · License #100021355
(720) 261-5327
Source:
Exitrealty
Added: Jul 30
Changed: Oct 4
Last Checked: Oct 4 at 8:56AM
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 Signature Real Estate Corp.
Investment Insights
Based on property information with market context.
Built in 1963, this four-unit multifamily property originated as a duplex and was subsequently reconfigured into four residences. The layout includes 11 bedrooms and 6 bathrooms across the property, providing a substantial residential configuration for an income-producing asset. All four units are currently rented.
The property is positioned near Belmar, O’Kane Park, and major transit routes. Its established residential setting and existing four-unit arrangement provide a defined operating structure for a multifamily owner.
The property is positioned near Belmar, O’Kane Park, and major transit routes. Its established residential setting and existing four-unit arrangement provide a defined operating structure for a multifamily owner.
Key Highlights
- Four‑unit multifamily property converted from a duplex
- 11 bedrooms and 6 bathrooms across the property
- All 4 units are fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,203
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,364,060
$1.4M
Cap Rate 7%
$974,329
$974.3K
Cap Rate 9%
$757,811
$757.8K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$103.4K $25.20/SF
− Vacancy
−$6.0K −$1.46/SF
EGI
$97.4K $23.74/SF
− OpEx
−$29.2K −$7.12/SF
NOI
$68.2K $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%
$1,364,060
Cap Rate 7%
$974,329
Cap Rate 9%
$757,811
Alternative Uses
Best Use
Multifamily LT 5
$974.3K
$852.5K – $1.14M
NOI $68,203 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$890.2K
$778.9K – $1.04M
NOI $62,314 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,452 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
Demographics for 80226, CO
33,142
Population
14,742
Households
2.2
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
8.1 sq mi
ZIP Area
4,092
Density / Sq Mi
$78,466
Median Household Income
$44,640
Median Earnings
$1,738
Median Rent
$547,000
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 - Converted residential property with all units occupied and access to nearby parks and major transit routes.
Where is this quadplex located?
The property is located at 539 Gray Court Denver, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four‑unit multifamily property converted from a duplex; 11 bedrooms and 6 bathrooms across the property; All 4 units are fully rented
