Quadplex with Detached
74 S Sherman Street, Denver, CO 80209
For Sale
$875,000
Residents have access to shared laundry, a landscaped yard, and off-street parking.
Property Size2,538 SF
Price / SF$344.76
Days on Market123
Property Features for 74 S Sherman Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Cap Rate
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
community laundry
landscaped yard
Building Details
Building Size
Year Built
Construction
Listing Agency:
Synergy Associates Inc
Listed By:
Matt Stephens
Source:
Thegalanskygroup
Added: Jul 11
Changed: Nov 7
Last Checked: Nov 9 at 2:36PM
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 Synergy Associates Inc
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Investment Insights
Based on property information with market context.
This 2,538-square-foot quadplex dates to 1900 and has several established tenants. Property features include shared laundry, a landscaped yard, a detached garage that is currently rented, and one additional off-street parking space. The property is offered with a 6.58% cap rate.
At 74 S Sherman Street in Denver, the property is in Wash Park, with access to the shops, restaurants, and bars along South Broadway. Wash Park is also accessible from the property.
At 74 S Sherman Street in Denver, the property is in Wash Park, with access to the shops, restaurants, and bars along South Broadway. Wash Park is also accessible from the property.
Key Highlights
- 2,538‑square‑foot quadplex built in 1900
- 6.58% cap rate
- Several established tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,178
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,560
$843.6K
Cap Rate 7%
$602,543
$602.5K
Cap Rate 9%
$468,644
$468.6K
Market Conditions
NOI Build-Up for 2,538 SF
Gross rent
$64.0K $25.20/SF
− Vacancy
−$3.7K −$1.46/SF
EGI
$60.3K $23.74/SF
− OpEx
−$18.1K −$7.12/SF
NOI
$42.2K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,560
Cap Rate 7%
$602,543
Cap Rate 9%
$468,644
Alternative Uses
Best Use
Multifamily LT 5
$602.5K
$527.2K – $703.0K
NOI $42,178 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$550.5K
$481.7K – $642.3K
NOI $38,536 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$807.9K
$707.0K – $942.6K
NOI $56,556 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,875
Businesses Nearby
Explore this area
Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Denver, CO
Properties on Market for Quadplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents have access to shared laundry, a landscaped yard, and off-street parking.
Where is this quadplex located?
The property is located at 74 S Sherman Street Denver, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,538‑square‑foot quadplex built in 1900; 6.58% cap rate; Several established tenants in place
