Renovated Four-Unit Brick
New
For Sale
$935,000
705 Moore St, Denver, CO 80215
Brick multifamily property with consistent two-bedroom layouts, private outdoor space, and on-site tenant laundry.
Property Size3,576 SF
Lot Size0.21 Acres
Price / SF$261.47
Days on Market4
Property Features for 705 Moore St
General Information
Standard status
Active
Size
3,576 SF
Lot size
0.21 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
private patios
private balconies
on-site laundry
landscaping
Building Details
Year Built
1961
Buildings
1
Construction
brick
Listing Agency:
NorthPeak Commercial Advisors, LLC
(720) 738-1944
Listed By:
Jack Sherman · License #FA100085430
Source:
Englehomesgroup
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 26 at 6:43AM
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 NorthPeak Commercial Advisors, LLC
Investment Insights
Based on property information with market context.
This four-unit brick multifamily building was constructed in 1961 and contains four two-bedroom, one-bath residences with 3,576 square feet of building area. Each apartment includes private outdoor space: patios serve the ground-level homes, while upper residences have balconies. The property also provides laundry facilities for residents and is positioned on a 9,038-square-foot lot with fenced grounds and established landscaping.
The building is 100% occupied and has received substantial capital improvements. Work includes a new roof and gutters in 2026, landscaping and irrigation completed in 2024, new electrical panels, and plumbing replacement covering half of the property. Two and a half units have undergone full renovations. Electric service is separately metered, with other utilities billed back to tenants. The property is located at 705 Moore St in Denver, Colorado.
The building is 100% occupied and has received substantial capital improvements. Work includes a new roof and gutters in 2026, landscaping and irrigation completed in 2024, new electrical panels, and plumbing replacement covering half of the property. Two and a half units have undergone full renovations. Electric service is separately metered, with other utilities billed back to tenants. The property is located at 705 Moore St in Denver, Colorado.
Key Highlights
- Four‑unit brick building with 3,576 square feet, built in 1961
- 100% occupied multifamily property on a 9,038‑square‑foot lot
- All residences offer a two‑bedroom, one‑bath layout
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
$59,428
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
6.36%
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%
$1,188,560
$1.2M
Cap Rate 7%
$848,971
$849.0K
Cap Rate 9%
$660,311
$660.3K
Market Conditions
NOI Build-Up for 3,576 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
$90.1K $25.20/SF
− Vacancy
−$5.2K −$1.46/SF
EGI
$84.9K $23.74/SF
− OpEx
−$25.5K −$7.12/SF
NOI
$59.4K $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%
$1,188,560
Cap Rate 7%
$848,971
Cap Rate 9%
$660,311
Alternative Uses
Best Use
Multifamily LT 5
$849.0K
$742.9K – $990.5K
NOI $59,428 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$775.7K
$678.7K – $905.0K
NOI $54,297 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.14M
$996.1K – $1.33M
NOI $79,686 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Explore this area
Business Placement
Demographics for 80215, CO
19,908
Population
9,156
Households
2.2
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
5.5 sq mi
ZIP Area
3,620
Density / Sq Mi
$85,017
Median Household Income
$49,100
Median Earnings
$1,728
Median Rent
$615,500
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 - Brick multifamily property with consistent two-bedroom layouts, private outdoor space, and on-site tenant laundry.
Where is this quadplex located?
The property is located at 705 Moore St Denver, CO.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Four‑unit brick building with 3,576 square feet, built in 1961; 100% occupied multifamily property on a 9,038‑square‑foot lot; All residences offer a two‑bedroom, one‑bath layout
