5355 Quitman Street, Denver, CO 80212
- $950,000
- 8
- BD
- 4
- BA
- 3,400
- SqFt
Courtesy of Compass - Denver . brady@bradyefting.com
- List Price
- $950,000
- Status
- ACTIVE
- Days on Market
- 3
- MLS#
- 8926338
- Year Built
- 1971
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,400
- Lot Size
- 13,300
- Acres
- 0.31
- Subdivision
- Berkeley Gardens
- Neighborhood
- Berkeley Gardens
Property Description
Turnkey 4-unit income property in a high-demand rental corridor near Regis University, currently operated as an up/down 4-plex with strong rent performance and minimal capital needs. At asking price, the property offers an estimated 6.2% cap rate based on current market rents, a strong return for the Denver multifamily market. Four separately accessed units (8 beds / 4 baths / 4 kitchens) each with washer/dryer hookups and dedicated living spaces create flexible tenant configurations and reliable cash flow. Property was renovated three years ago it has been well-maintained and is in good condition, reducing near-term maintenance risk and supporting future rent growth. Two oversized 1-car garages offer immediate income streams, while the large 13,300 sq ft lot presents a longer-term redevelopment play to scrape and build higher-end duplex product with mountain views, subject to buyer verification of zoning and entitlements.
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Additional Information
- Exterior Features
- Private Yard
- Taxes
- $7,641
- Zoning
- R-2
- Appliances
- Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
- Heating
- Forced Air
- Air Conditioning
- None
- Levels
- One
- Roof
- Composition
- Garage Spaces
- 2
- School District
- Westminster Public Schools
- Elementary School
- Tennyson Knolls
- Middle School
- Tennyson Knolls
- High School
- Westminster
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