Renovated Four-Unit Residential
For Sale
Contact for pricing
848-852 S Logan Street, Denver, CO 80209
Renovated quadplex with in-unit washer/dryer, private outdoor space, and garage parking across all sides.
Property Size3,514 SF
Price / SF$341.49
Days on Market57
Property Features for 848-852 S Logan Street
General Information
Standard status
Active
Size
3,514 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
U-SU-B2
Investment Type
Stabilized
Net Operating Income
$71,086
Building Details
Year Built
1924
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
NORTHPEAK Commercial Advisors
(720) 738-1944
Listed By:
Scott Fetter · License #CO
Source:
Crexi
Added: Jun 16
Changed: Aug 7
Last Checked: Aug 10 at 6:30AM
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 NORTHPEAK Commercial Advisors
Investment Insights
Based on property information with market context.
This renovated four-unit property offers two upstairs 2-bedroom, 1-bath residences and two downstairs 1-bedroom, 1-bath residences. The upstairs units include spacious bedrooms, updated kitchens, and renovated bathrooms with bright skylights, along with window A/C units. Each side also features washer/dryer, access to private backyards, and private garage parking in addition to off-street parking.
The property sits on an oversize 8,356 SF lot at 848-852 S Logan Street. It is described as being just blocks from Washington Park, with walkable access to local bars, restaurants, Whole Foods, and neighborhood coffee shops. The remarks also note convenient access to I-25 shortly after leaving the property, while maintaining a quiet, leafy residential feel.
Configured for flexibility, the building can suit owner-occupants, investors, or short-term rental operators looking for a fully renovated four-unit setup. With renovated interiors, private outdoor areas, and on-site parking options, the units are positioned to appeal to tenants who want in-unit laundry and dedicated parking without giving up established neighborhood convenience.
The property sits on an oversize 8,356 SF lot at 848-852 S Logan Street. It is described as being just blocks from Washington Park, with walkable access to local bars, restaurants, Whole Foods, and neighborhood coffee shops. The remarks also note convenient access to I-25 shortly after leaving the property, while maintaining a quiet, leafy residential feel.
Configured for flexibility, the building can suit owner-occupants, investors, or short-term rental operators looking for a fully renovated four-unit setup. With renovated interiors, private outdoor areas, and on-site parking options, the units are positioned to appeal to tenants who want in-unit laundry and dedicated parking without giving up established neighborhood convenience.
Key Highlights
- Renovated 4‑unit property built in 1924 at 848‑852 S Logan St. in Denver’s West Washington Park neighborhood
- Unit mix: two upstairs 2BD/1BA units and two downstairs 1BD/1BA units
- Renovated kitchens and bathrooms, including renovated bathrooms with bright skylights; window A/C in the upstairs units
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
$58,398
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
4.87%
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%
$1,167,960
$1.2M
Cap Rate 7%
$834,257
$834.3K
Cap Rate 9%
$648,867
$648.9K
Market Conditions
NOI Build-Up for 3,514 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
$88.6K $25.20/SF
− Vacancy
−$5.1K −$1.46/SF
EGI
$83.4K $23.74/SF
− OpEx
−$25.0K −$7.12/SF
NOI
$58.4K $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 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%
$1,167,960
Cap Rate 7%
$834,257
Cap Rate 9%
$648,867
Alternative Uses
Best Use
Multifamily LT 5
$834.3K
$730.0K – $973.3K
NOI $58,398 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$762.2K
$666.9K – $889.3K
NOI $53,355 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.12M
$978.8K – $1.31M
NOI $78,304 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,588
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
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 - Renovated quadplex with in-unit washer/dryer, private outdoor space, and garage parking across all sides.
Where is this quadplex located?
The property is located at 848-852 S Logan Street Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Renovated 4‑unit property built in 1924 at 848‑852 S Logan St. in Denver’s West Washington Park neighborhood; Unit mix: two upstairs 2BD/1BA units and two downstairs 1BD/1BA units; Renovated kitchens and bathrooms, including renovated bathrooms with bright skylights; window A/C in the upstairs units
