Four-Unit Townhome-Style
For Sale
$979,500
7325 Tennyson St, Westminster, CO 80030
Two-level units include in-unit laundry and separate living and sleeping areas.
Property Size3,648 SF
Price / SF$268.50
Days on Market30
Property Features for 7325 Tennyson St
General Information
Standard status
Active
Size
3,648 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Amenities
in-unit washer and dryer
Building Details
Year Built
1967
Listing Agency:
Unique Properties LLC
(214) 616-2695
Listed By:
Elliott Polanchyck · License #100088171
Source:
Thecouturegroup
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 25 at 5:39AM
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 Unique Properties LLC
Investment Insights
Based on property information with market context.
This 1967-built quadplex contains four townhome-style residences, each arranged across two levels with two bedrooms and one-and-a-half bathrooms. The layouts provide distinct living and sleeping areas, while in-unit washer and dryer equipment adds convenience within each residence. The configuration offers a residential format rather than a conventional single-level apartment plan.
The property is located at 7325 Tennyson Street in Westminster, Colorado, with access to Denver and Boulder employment centers. Nearby retail, parks, and major commuter corridors add to the surrounding convenience, while the US-36 corridor provides a connection to regional job hubs.
The property is located at 7325 Tennyson Street in Westminster, Colorado, with access to Denver and Boulder employment centers. Nearby retail, parks, and major commuter corridors add to the surrounding convenience, while the US-36 corridor provides a connection to regional job hubs.
Key Highlights
- Four‑unit quadplex with townhome‑style residences
- Each unit offers 2 bedrooms and 1.5 bathrooms
- Two‑level layouts with separate living and sleeping areas
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
5.41%
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 5.41%
Second Best
Apartment 5plus
$670.0K
$586.2K – $781.7K
NOI $46,899 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.07M
$933.0K – $1.24M
NOI $74,638 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
838
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 - Two-level units include in-unit laundry and separate living and sleeping areas.
Where is this quadplex located?
The property is located at 7325 Tennyson St Westminster, CO.
What is the asking price?
The asking price for this property is $979,500.
What are key features of this property?
This property features: Four‑unit quadplex with townhome‑style residences; Each unit offers 2 bedrooms and 1.5 bathrooms; Two‑level layouts with separate living and sleeping areas
