7240 Tennyson St Westminster, CO 80030

Listing agency j***@marcusmillichap.com Show Phone

Listed by Jason Hornik · License #License(s): CO: FA. 100070708 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 21 at 7:48AM Checked: Jul 21 at 7:48AM

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Investment Insights

Based on property information with market context.

7240 Tennyson St, Westminster, CO 80030 is a quadplex presented for sale as workforce housing. The property is described as a clean, well-located asset in the Westminster corridor.

In the seller’s underwriting, the offering reflects a going-in cap rate of 6.64% and projects the ability to expand to 7.51% in Year One. The remarks attribute this path to operational improvements and mark-to-market rent growth.

Overall, the asset is positioned as an income-focused multifamily investment with documented expectations for near-term yield expansion within the first year, based on the stated financial assumptions.

Key Highlights

• Quadplex workforce housing asset for sale at a stated 6.64% going‑in cap rate
• Ability to expand to a 7.51% cap rate in Year One, per the provided information

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FAQs

What type of property is this?

Quadplex - Quadplex workforce housing asset for sale with a stated 6.64% going-in cap rate.

Where is this quadplex located?

The property is located at 7240 Tennyson St Westminster, CO.

What is the asking price?

The asking price for this property is $865,000.

What are key features of this property?

This property features: Quadplex workforce housing asset for sale at a stated 6.64% going‑in cap rate; Ability to expand to a 7.51% cap rate in Year One, per the provided information