Denver Multifamily Property with
For Sale
$1,800,000
5720 W Warren Ave, Denver, CO 80227
Well-maintained 9-unit property with townhomes in a residential neighborhood.
Property Size9,650 SF
Price / SF$186.53
Days on Market195
Property Features for 5720 W Warren Ave
General Information
Standard status
Active
Size
9,650 SF
Property subtype
Multifamily
Building Details
Building Size
9,650 SF
Year Built
1974
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9567
Listed By:
Connor Knutson · License #FA100001439
Source:
Pinnaclerea
Added: Jan 27
Changed: Aug 8
Last Checked: Apr 5 at 11:43PM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This 9-unit multifamily property is located in the Harvey Park area of southwest Denver, a primarily residential neighborhood featuring a mix of single-family homes and low-rise multi-family buildings. The property includes a mix of apartments and townhomes. The unit mix consists of one 1-bedroom/1-bathroom unit, two 2-bedroom/1-bathroom units, five 2-bedroom/1.5-bathroom townhomes, and one 3-bedroom/1.5-bathroom unit. The property is well-maintained and has undergone recent capital improvements, including newer windows and hot water heaters, retaining walls, and an updated parking lot. The townhome units feature private fenced back yards. The 3-bedroom/1.5-bathroom unit includes a 2-car attached garage. On-site amenities include a coin-operated laundry room and individual storage closets. The property offers convenient access to major roads and everyday amenities, and is located close to local shopping and parks. Belmar and River Point at Sheridan Shopping Centers are also easily accessible. The property size is 9650 square feet.
Key Highlights
- Well‑maintained 9‑unit multifamily property with recent capital improvements (newer windows & hot water heaters, retaining walls & updated parking lot).
- Excellent unit mix including desirable 2‑bedroom townhomes with 1.5 baths and private fenced back yards.
- Located in a quiet, predominantly residential neighborhood (Harvey Park) with convenient access to major roads and everyday amenities.
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
$146,522
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
8.14%
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%
$2,930,440
$2.9M
Cap Rate 7%
$2,093,171
$2.1M
Cap Rate 9%
$1,628,022
$1.6M
Market Conditions
NOI Build-Up for 9,650 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
$283.7K $29.40/SF
− Vacancy
−$17.3K −$1.79/SF
EGI
$266.4K $27.61/SF
− OpEx
−$119.9K −$12.42/SF
NOI
$146.5K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
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%
$2,930,440
Cap Rate 7%
$2,093,171
Cap Rate 9%
$1,628,022
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,522 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.69M – $3.58M
NOI $215,036 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 80227, CO
35,567
Population
16,509
Households
2.2
Avg Household Size
39
Median Age
44%
College-Educated
93%
High-School Grad
10.8 sq mi
ZIP Area
3,293
Density / Sq Mi
$88,796
Median Household Income
$55,937
Median Earnings
$1,786
Median Rent
$535,000
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?
Apartment building - Well-maintained 9-unit property with townhomes in a residential neighborhood.
Where is this apartment building located?
The property is located at 5720 W Warren Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Well‑maintained 9‑unit multifamily property with recent capital improvements (newer windows & hot water heaters, retaining walls & updated parking lot).; Excellent unit mix including desirable **2‑bedroom townhomes with 1.5 baths and private fenced back yards.**; Located in a quiet, predominantly residential neighborhood (Harvey Park) with convenient access to major roads and everyday amenities.
