Five-Unit Townhome Apartment
New
For Sale
$875,000
85 S 18th Avenue, Brighton, CO 80601
Two-story rental units offer private entrances, individual utilities, HVAC, and washer/dryer connections.
Property Size4,920 SF
Days on Market7
Property Features for 85 S 18th Avenue
General Information
Standard status
Active
Size
4,920 SF
Total Parking Spaces
1
Property subtype
Commercial
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$4,332
Amenities
washer/dryer hook-ups
double pane windows
central air conditioning
Building Details
Building Size
4,920 SF
Year Built
1972
Buildings
1
Stories
2
Units
5
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
(303) 328-2075
Listed By:
Clayton Primm · License #FA100024161
(303) 328-2075
Source:
Coloradopartners
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 30 at 5:43PM
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 Real Estate Investment Services of Atlanta, Inc.
Investment Insights
Based on property information with market context.
This 1972 apartment property contains five two-story townhome units, each configured with two bedrooms and one bathroom. Every residence has front and rear entrances, washer/dryer hookups, HVAC, double-pane windows, an individual furnace, central air conditioning, separate gas and electric metering, and its own water heater. Two apartments feature renovated kitchens, bathrooms, and hard-surface flooring. The brick-and-siding exterior includes a sloped TPO membrane roof replaced in 2018, while a full-length crawl space provides access to mechanical and plumbing systems. Off-street parking is provided, and the site does not require landscaping maintenance.
The property is located in Brighton, Colorado, approximately 15 minutes northwest of Denver International Airport and 30 minutes northeast of downtown Denver. Individual water heaters have been recently replaced, and the building is described as well maintained.
The property is located in Brighton, Colorado, approximately 15 minutes northwest of Denver International Airport and 30 minutes northeast of downtown Denver. Individual water heaters have been recently replaced, and the building is described as well maintained.
Key Highlights
- Five‑unit townhome community in Brighton, Colorado
- Five two‑bedroom, one‑bath units with two‑story layouts
- Each unit includes front and rear entrances, HVAC, central air, and washer/dryer hookups
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
$52,001
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
5.94%
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%
$1,040,020
$1.0M
Cap Rate 7%
$742,871
$742.9K
Cap Rate 9%
$577,789
$577.8K
Market Conditions
NOI Build-Up for 4,920 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
$100.4K $20.40/SF
− Vacancy
−$5.8K −$1.18/SF
EGI
$94.5K $19.22/SF
− OpEx
−$42.5K −$8.65/SF
NOI
$52.0K $10.57/SF
Area
Weld County, CO
Vacancy
5.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,040,020
Cap Rate 7%
$742,871
Cap Rate 9%
$577,789
Alternative Uses
Best Use
Apartment 5plus
$742.9K
$650.0K – $866.7K
NOI $52,001 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$896.7K
$784.6K – $1.05M
NOI $62,767 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 80601, CO
40,460
Population
13,885
Households
2.9
Avg Household Size
34
Median Age
24%
College-Educated
88%
High-School Grad
26.2 sq mi
ZIP Area
1,544
Density / Sq Mi
$99,031
Median Household Income
$49,378
Median Earnings
$1,729
Median Rent
$471,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story rental units offer private entrances, individual utilities, HVAC, and washer/dryer connections.
Where is this apartment building located?
The property is located at 85 S 18th Avenue Brighton, 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: Five‑unit townhome community in Brighton, Colorado; Five two‑bedroom, one‑bath units with two‑story layouts; Each unit includes front and rear entrances, HVAC, central air, and washer/dryer hookups
