Westminster Multifamily Investment
For Sale
$855,000
7255 Tennyson Street #1-4, Westminster, CO 80030
Four-unit property in growing Westminster area with income potential.
Property Size3,648 SF
Price / SF$234.38
Days on Market151
Property Features for 7255 Tennyson Street #1-4
General Information
Standard status
Active
Size
3,648 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,977
Amenities
Composition Roof
Shingle Roof
Sprinklers In Rear
Building Details
Year Built
1962
Listing Agency:
HOMESMART
(303) 858-8100
Listed By:
JANET ESSEX · License #100080296
Source:
Corcoran
Added: Apr 2
Changed: Aug 23
Last Checked: Aug 29 at 7:48AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$53,005
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
6.20%
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%
$1,060,100
$1.1M
Cap Rate 7%
$757,214
$757.2K
Cap Rate 9%
$588,944
$588.9K
Market Conditions
NOI Build-Up for 3,648 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
$81.0K $22.20/SF
− Vacancy
−$5.3K −$1.44/SF
EGI
$75.7K $20.76/SF
− OpEx
−$22.7K −$6.23/SF
NOI
$53.0K $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%
$1,060,100
Cap Rate 7%
$757,214
Cap Rate 9%
$588,944
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
721
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 - 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.
