14-Unit Multifamily
For Sale
$1,540,000
636 S Quitman St, Denver, CO 80219
Fourteen-unit income property in West Denver, offered for sale with strong in-place cash flow.
Property Size4,060 SF
Days on Market115
Property Features for 636 S Quitman St
General Information
Standard status
Active
Size
4,060 SF
Property subtype
Multifamily
Occupancy
95%
Financials
Cap Rate
6.41%
Business Included
Yes
Additional Details
Multifamily Units
14
Amenities
High-yield investment with strong day-one cash flow and immediate income potential
Low basis pricing provides downside protection and long-term appreciation upside
Cottage-style layout enhances privacy, supporting strong demand and occupancy
Studio and one-bedroom mix aligns with Denver's largest renter pool
10-unit scale attracts broad buyer pool and offers simple, efficient management
Retail space offers additional upside through lease-up and repositioning
Building Details
Building Size
4,060 SF
Units
12
Tenancy
Multi
Listed By:
Greg Parker · License #License(s): CO: FA.100074810
(303) 328-2015
Source:
Marcusmillichap
Added: Jun 22
Changed: Oct 7
Last Checked: Oct 12 at 4:51PM
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 Greg Parker
Investment Insights
Based on property information with market context.
Located at 636 S Quitman St in Denver, this 14-unit multifamily property is presented as a cottage-style asset. The offering is structured as a residential income opportunity for buyers seeking a multi-unit portfolio with established operations. The property is listed for $1,750,000.
The asset is positioned in West Denver, where it benefits from a neighborhood setting that supports long-term rental use typical of small multifamily communities. With 14 units, the property provides a diversified unit count within a single building, designed for straightforward ownership and management.
For investors evaluating Denver residential income, this property offers a blend of in-place performance and a continued income narrative tied to rent growth, as described in the offering materials. The seller-reported underwriting highlights a 6.41% cap rate at the asking price, with additional stated potential to reach a 6.67% Year 1 cap rate. The presentation also references cash-on-cash return and a low basis per unit compared to replacement cost, supporting the premise of value-oriented acquisition criteria. The building’s small, manageable scale can appeal to investors looking for a hands-on or local-operator approach to multifamily ownership.
The asset is positioned in West Denver, where it benefits from a neighborhood setting that supports long-term rental use typical of small multifamily communities. With 14 units, the property provides a diversified unit count within a single building, designed for straightforward ownership and management.
For investors evaluating Denver residential income, this property offers a blend of in-place performance and a continued income narrative tied to rent growth, as described in the offering materials. The seller-reported underwriting highlights a 6.41% cap rate at the asking price, with additional stated potential to reach a 6.67% Year 1 cap rate. The presentation also references cash-on-cash return and a low basis per unit compared to replacement cost, supporting the premise of value-oriented acquisition criteria. The building’s small, manageable scale can appeal to investors looking for a hands-on or local-operator approach to multifamily ownership.
Key Highlights
- 14‑unit multifamily property in West Denver at 636 S Quitman St
- Built in 1952
- Offered at $1,750,000, representing a 6.41% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,600
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,000
$1.1M
Cap Rate 7%
$780,000
$780.0K
Cap Rate 9%
$606,667
$606.7K
Market Conditions
NOI Build-Up for 4,060 SF
Gross rent
$105.7K $26.04/SF
− Vacancy
−$6.4K −$1.59/SF
EGI
$99.3K $24.45/SF
− OpEx
−$44.7K −$11.00/SF
NOI
$54.6K $13.45/SF
Area
ZIP 80219
Vacancy
6.10%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,000
Cap Rate 7%
$780,000
Cap Rate 9%
$606,667
Alternative Uses
Best Use
Apartment 5plus
$780.0K
$682.5K – $910.0K
NOI $54,600 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,070 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
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?
Apartment building - Fourteen-unit income property in West Denver, offered for sale with strong in-place cash flow.
Where is this apartment building located?
The property is located at 636 S Quitman St Denver, CO.
What is the asking price?
The asking price for this property is $1,540,000.
What are key features of this property?
This property features: 14‑unit multifamily property in West Denver at 636 S Quitman St; Built in 1952; Offered at $1,750,000, representing a 6.41% cap rate
