Six-Unit Cottage-Style
For Sale
Contact for pricing
7721 E 14th Ave, Denver, CO 80220
Turnkey six-unit side-by-side residences on a prominent corner lot, with detached garages leased separately.
Property Size3,090 SF
Lot Size0.35 Acres
Price / SF$364.08
Days on Market12
Property Features for 7721 E 14th Ave
General Information
Standard status
Active
Size
3,090 SF
Lot size
0.35 Acres
Property subtype
Multifamily
Additional Details
Cap Rate
7.35%
Multifamily Units
6
Building Details
Year Built
1948
Construction
cottage-style
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Charles Burkhart · License #FA100103787
Source:
Crexi
Added: Jul 21
Changed: Jul 25
Last Checked: Aug 1 at 12:08PM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
7721 E 14th Ave is a turnkey, cottage-style multifamily property consisting of six fully renovated, side-by-side residences. The configuration is designed to deliver a single-family feel while maintaining the operational efficiencies of multifamily ownership. In addition, each home is complemented by a detached garage that is leased separately, creating an additional income stream.
The property is located in the East Denver submarket and sits on a prominent corner lot. The differentiated product and in-place improvements support straightforward operations for an owner seeking a ready-to-rent asset.
Beyond current income, the side-by-side layout presents options for a future condominium conversion or long-term redevelopment, offering multiple paths to create value. The property is offered for sale as a six-unit income-producing investment.
The property is located in the East Denver submarket and sits on a prominent corner lot. The differentiated product and in-place improvements support straightforward operations for an owner seeking a ready-to-rent asset.
Beyond current income, the side-by-side layout presents options for a future condominium conversion or long-term redevelopment, offering multiple paths to create value. The property is offered for sale as a six-unit income-producing investment.
Key Highlights
- 6‑unit cottage‑style multifamily property built in 1948 on a 0.35‑acre corner lot
- All six residences are fully renovated with a side‑by‑side layout
- Each unit has access to a detached garage; garages are leased separately for additional income
Financial Insights For Apartment 5plus
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 | $90.8k | $29.40 |
| − Vacancy | −$5.5k | −$1.79 |
| EGI | $85.3k | $27.61 |
| − OpEx | −$38.4k | −$12.42 |
| NOI | $46.9k | $15.18 |
3,090 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$670.2K
$586.5K – $782.0K
NOI $46,917 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$983.7K
$860.7K – $1.15M
NOI $68,856 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
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?
Apartment building - Turnkey six-unit side-by-side residences on a prominent corner lot, with detached garages leased separately.
Where is this apartment building located?
The property is located at 7721 E 14th Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 6‑unit cottage‑style multifamily property built in 1948 on a 0.35‑acre corner lot; All six residences are fully renovated with a side‑by‑side layout; Each unit has access to a detached garage; garages are leased separately for additional income
