Westminster Multifamily Investment
7255 Tennyson Street #1-4, Westminster, CO 80030
Four-unit property in growing Westminster area with income potential.
Type:Commercial
Property size:
3,648 SFPrice / SF:
$234/SF- Added:
- Apr 2, 2026
- Days on Market:
- 60
- Last Refresh:
- Apr 2 at 8:13 pm
Property Features for 7255 Tennyson Street #1-4
General Information
- Standard status
- Active
- Size
- 3,648 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agent JANET ESSEX
Listing office HOMESMART (303) 858-8100
Listing date Apr 2, 2026
Source Corcoran
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 HOMESMART
HighLights
- Prime location in a growing area of Westminster with easy access to Denver and Boulder employment corridors.
- Four 8‑bedroom units, each with 2 bathrooms and its own exterior entrance.
- Off‑street parking space for each unit.
- Fully occupied, providing immediate rental income.
- Potential to increase rents with property improvements and updates.
- Proximity to schools, public transportation, and highway access.
Overview
This multifamily property, constructed in 1962, features four units, each with 8 bedrooms and 2 bathrooms. Each unit has its own exterior entrance and an off-street parking space. The building is constructed of brick and includes a sprinkler system and hot water heaters. Interior flooring consists of a mix of vinyl, tile, carpeting, and hardwood floors. Kitchens are equipped with a stove and refrigerator; unit 2 also includes a dishwasher. The property is fully occupied, with tenants on a month-to-month basis. Located in a growing area of Westminster, the property benefits from continued net migration and the influx of large companies. Its central location provides easy access to both Denver and Boulder employment corridors, contributing to consistent rental demand. The property is being sold as-is, presenting an investment opportunity to improve the units and potentially increase rental income. The location offers close proximity to schools, public transportation, highway access, and other amenities. The property size is 3648 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $22.20 |
| − Vacancy | −$5.3k | −$1.44 |
| EGI | $75.7k | $20.76 |
| − OpEx | −$22.7k | −$6.23 |
| NOI | $53.0k | $14.53 |
3,648 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$757.2K
$662.6K – $883.4K
NOI $53,005 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$670.0K
$586.2K – $781.7K
NOI $46,899 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.07M
$933.0K – $1.24M
NOI $74,638 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Adams
- State
- Colorado
- Longitude
- -105.0445288
- Latitude
- 39.8284178
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit property in growing Westminster area with income potential.
Where is this quadplex located?
The property is located at 7255 Tennyson Street #1-4 Westminster, CO.
What is the asking price?
The asking price for this property is $855,000.
What are key features of this property?
This property features: Prime location in a growing area of Westminster with easy access to Denver and Boulder employment corridors.; Four 8‑bedroom units, each with 2 bathrooms and its own exterior entrance.; Off‑street parking space for each unit.
