Renovated 4-Unit
New
For Sale
$950,000
768 S Lincoln Street, Denver, CO 80209
Residents have off-street parking, shared laundry, basement storage, and access to a fenced patio.
Property Size1,981 SF
Price / SF$479.56
Days on Market4
Property Features for 768 S Lincoln Street
General Information
Standard status
Active
Size
1,981 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Cap Rate
5.5%
Taxes and HOA fees
Annual Taxes
$3,356
Amenities
off-street parking
on-site laundry
basement storage
fenced shared patio
Building Details
Building Size
1,981 SF
Year Built
1900
Buildings
1
Listing Agency:
Brockman Group LLC
Listed By:
Jules "J.B." Hochman · License #ER04002671
(303) 668-4930
Source:
Zencasarealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:35PM
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 Brockman Group LLC
Investment Insights
Based on property information with market context.
This 4-unit quadplex, built in 1900, has a mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Unit renovations include updated kitchens and bathrooms. The property is fully leased and includes off-street parking, on-site laundry, basement storage, and a fenced patio shared by residents.
The building is a short walk from the I-25 & Broadway light rail station and is near Washington Park, South Broadway shops and restaurants, and routes to Downtown and I-25. Showings are by appointment with the listing broker; tenants should not be disturbed.
The building is a short walk from the I-25 & Broadway light rail station and is near Washington Park, South Broadway shops and restaurants, and routes to Downtown and I-25. Showings are by appointment with the listing broker; tenants should not be disturbed.
Key Highlights
- Four units: two 2‑bedroom/1‑bath homes and two 1‑bedroom/1‑bath homes
- Renovated units feature updated kitchens and baths
- Fully leased; stated 5.50% cap rate and 6.04% pro forma cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,922
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,440
$658.4K
Cap Rate 7%
$470,314
$470.3K
Cap Rate 9%
$365,800
$365.8K
Market Conditions
NOI Build-Up for 1,981 SF
Gross rent
$49.9K $25.20/SF
− Vacancy
−$2.9K −$1.46/SF
EGI
$47.0K $23.74/SF
− OpEx
−$14.1K −$7.12/SF
NOI
$32.9K $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%
$658,440
Cap Rate 7%
$470,314
Cap Rate 9%
$365,800
Alternative Uses
Best Use
Multifamily LT 5
$470.3K
$411.5K – $548.7K
NOI $32,922 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$429.7K
$376.0K – $501.3K
NOI $30,079 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$630.6K
$551.8K – $735.7K
NOI $44,144 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,606
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
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residents have off-street parking, shared laundry, basement storage, and access to a fenced patio.
Where is this quadplex located?
The property is located at 768 S Lincoln Street Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four units: two 2‑bedroom/1‑bath homes and two 1‑bedroom/1‑bath homes; Renovated units feature updated kitchens and baths; Fully leased; stated 5.50% cap rate and 6.04% pro forma cap rate
