Renovated Four-Unit Multifamily
For Sale
Contact for pricing
7115-7121 Stuart Street, Westminster, CO 80030
Well-maintained four-unit multifamily property in Westminster with renovated interiors and in-place income.
Property Size3,000 SF
Price / SF$266.67
Days on Market66
Property Features for 7115-7121 Stuart Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multifamily
Investment Type
Stabilized
Net Operating Income
$44,585
Financials
Cap Rate
6.4%
Business Included
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1962
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Charles Burkhart · License #FA100103787
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 11 at 5:45PM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present 7115-7121 Stuart Street, a well-maintained four-unit multifamily investment opportunity in Westminster, Colorado. The property is described as renovated and positioned as an income-producing apartment asset with limited deferred maintenance.
The offering is for sale and is presented as an investment opportunity in one of Denver’s most desirable suburban rental markets, according to the seller’s remarks. The asset includes four units across the 7115–7121 Stuart Street address. The materials also reference a current performance outlook, including a stated 5.57% cap rate and a projected increase to a 6.40% Year 1 cap rate.
For investors or owner-operators looking for a small residential income property, the four-unit configuration can offer manageable scale while benefiting from the property’s renovated condition and in-place income characteristics cited in the offering summary. As presented, the asset is intended to appeal to buyers seeking an apartment building with deferred maintenance constraints and an expected near-term improvement reflected in the provided cap rate projections.
The offering is for sale and is presented as an investment opportunity in one of Denver’s most desirable suburban rental markets, according to the seller’s remarks. The asset includes four units across the 7115–7121 Stuart Street address. The materials also reference a current performance outlook, including a stated 5.57% cap rate and a projected increase to a 6.40% Year 1 cap rate.
For investors or owner-operators looking for a small residential income property, the four-unit configuration can offer manageable scale while benefiting from the property’s renovated condition and in-place income characteristics cited in the offering summary. As presented, the asset is intended to appeal to buyers seeking an apartment building with deferred maintenance constraints and an expected near-term improvement reflected in the provided cap rate projections.
Key Highlights
- Four‑unit multifamily property at 7115‑7121 Stuart Street in Westminster, Colorado
- Built in 1962
- Renovated interiors
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
$43,590
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
5.45%
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%
$871,800
$871.8K
Cap Rate 7%
$622,714
$622.7K
Cap Rate 9%
$484,333
$484.3K
Market Conditions
NOI Build-Up for 3,000 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
$66.6K $22.20/SF
− Vacancy
−$4.3K −$1.44/SF
EGI
$62.3K $20.76/SF
− OpEx
−$18.7K −$6.23/SF
NOI
$43.6K $14.53/SF
Area
Westminster, CO
Vacancy
6.50%
Lease Rate
$22.20 /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%
$871,800
Cap Rate 7%
$622,714
Cap Rate 9%
$484,333
Alternative Uses
Best Use
Multifamily LT 5
$622.7K
$544.9K – $726.5K
NOI $43,590 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$551.0K
$482.1K – $642.8K
NOI $38,568 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$876.9K
$767.3K – $1.02M
NOI $61,380 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
Demographics for 80030, CO
15,885
Population
6,823
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
6,110
Density / Sq Mi
$61,964
Median Household Income
$43,004
Median Earnings
$1,296
Median Rent
$422,300
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 - Well-maintained four-unit multifamily property in Westminster with renovated interiors and in-place income.
Where is this quadplex located?
The property is located at 7115-7121 Stuart Street Westminster, CO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 7115‑7121 Stuart Street in Westminster, Colorado; Built in 1962; Renovated interiors
