5-Unit Townhome
New
For Sale
$2,600,000
9191 Pierce #1 2 3 4 5, Westminster, CO 80021
Five individually deeded residences offer separate ownership and disposition flexibility within one multifamily portfolio.
Property Size9,229 SF
Price / SF$281.72
Days on Market5
Property Features for 9191 Pierce #1 2 3 4 5
General Information
Standard status
Active
Size
9,229 SF
Property subtype
Commercial
Financials
Asking Price
$2,600,000
HOA Fee
$750
Units
Unit Mix
5 x 3BR/3.5BA
Multifamily Units
5
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$18,500
Amenities
attached garage
private rooftop decks
energy-efficient features
contemporary finishes
upper-level laundry
EV-ready garages
solar pre-wire
Membrane Roof
Building Details
Year Built
2027
Listing Agency:
MONTANO PROPERTIES
Listed By:
DANIEL ROB MONTANO
(303) 320-9898
Source:
Corcoran
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 1:54PM
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 MONTANO PROPERTIES
Investment Insights
Based on property information with market context.
This five-home townhome portfolio comprises 9,229 finished square feet, with each residence offering 3 bedrooms, 3.5 bathrooms, and an attached 2-car garage. Three homes include private rooftop decks. The all-electric construction includes energy-efficient features, contemporary finishes, upper-level laundry, EV-ready garages, and solar pre-wiring. Five separate deeds provide distinct ownership for each home. Construction is underway, with completion scheduled for February 2027.
Greenlawn Towns is approximately one mile from Downtown Westminster. The projected cap rate is 6.03%.
Greenlawn Towns is approximately one mile from Downtown Westminster. The projected cap rate is 6.03%.
Key Highlights
- Five townhomes with separate deeds
- 9,229 finished square feet across the portfolio
- Each home has 3 bedrooms, 3.5 bathrooms, and an attached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,648
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,372,960
$2.4M
Cap Rate 7%
$1,694,971
$1.7M
Cap Rate 9%
$1,318,311
$1.3M
Market Conditions
NOI Build-Up for 9,229 SF
Gross rent
$231.5K $25.08/SF
− Vacancy
−$15.7K −$1.71/SF
EGI
$215.7K $23.37/SF
− OpEx
−$97.1K −$10.52/SF
NOI
$118.6K $12.86/SF
Area
Westminster, CO
Vacancy
6.80%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,372,960
Cap Rate 7%
$1,694,971
Cap Rate 9%
$1,318,311
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.98M
NOI $118,648 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,825 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Explore this area
Business Placement
Demographics for 80021, CO
36,176
Population
17,353
Households
2.1
Avg Household Size
36
Median Age
53%
College-Educated
98%
High-School Grad
16.5 sq mi
ZIP Area
2,192
Density / Sq Mi
$105,645
Median Household Income
$59,947
Median Earnings
$2,054
Median Rent
$530,300
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?
Multifamily property - Five individually deeded residences offer separate ownership and disposition flexibility within one multifamily portfolio.
Where is this multifamily property located?
The property is located at 9191 Pierce #1 2 3 4 5 Westminster, CO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Five townhomes with separate deeds; 9,229 finished square feet across the portfolio; Each home has 3 bedrooms, 3.5 bathrooms, and an attached 2‑car garage
