Listed by Marcus & Millichap - Denver
$800,000
7115-7121 Stuart Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,000
Units 4
Beds 2
Cap Rate 5.57%
NOI $44,585
Tenancy Multi
Pro-Forma Cap Rate 6.40%
Pro-Forma NOI $51,216
Price per SqFt $267
Year Built 1962
Buildings 1
Acreage 0.380
Investment Type Stabilized
Multifamily | 5.57% CAP | 4 Units
Marketing description
Marcus & Millichap is pleased to present 7115-7121 Stuart Street, a well-maintained four-unit multifamily investment opportunity located in Westminster, Colorado. Offered at approximately $800,000, the Property represents a rare opportunity to acquire a renovated, cash-flowing apartment asset at an attractive basis within one of Denver's most desirable suburban rental markets. The Property offers investors a compelling combination of in-place income, projected yield growth from a 5.57% cap rate to a 6.40% Year 1 cap rate, limited deferred maintenance, and long-term rental demand driven by its desirable Westminster location.
Investment highlights
- Offered at approximately $800,000, 7115-7121 Stuart St provides investors with one of the lowest barriers to entry for a turnkey multifamily asset in the Northwest Denver metro. The property's pricing compares favorably to recent sales in Westminster and Arvada, allowing investors to acquire a stabilized asset at a significantly lower basis than many competing opportunities.
- The property is projected to improve from a 5.57% cap rate on current operations to a 6.40% Year 1 cap rate through modest rent adjustments and operational optimization. This creates an opportunity for investors to realize meaningful income growth without undertaking a major renovation program or assuming substantial execution risk.
- Ownership has already completed significant capital improvements, positioning the property as a low-maintenance investment. The renovated interiors and well-maintained exterior reduce near-term capital expenditure requirements and allow a new owner to focus on cash flow growth rather than costly repairs or unit turns.
- The property consists entirely of two-bedroom units, a highly sought-after floor plan that continues to attract a broad tenant base of working professionals, roommates, and small families. This unit mix has historically provided strong occupancy and stable tenant retention throughout the Northwest Denver market.
- Located near the Westminster-Arvada border, the property benefits from convenient access to major employment corridors, retail amenities, and transportation routes. Residents enjoy proximity to Downtown Westminster, Olde Town Arvada, US-36, and I-70, supporting long-term rental demand and occupancy stability.
- Four-unit properties continue to attract a deep buyer pool ranging from first-time multifamily investors to 1031 exchange buyers and local owner-operators. The property's manageable size, attractive financing options, and affordable price point make it accessible to a wide range of purchasers.
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,585.00
$3,715.42/mo
Valuation Metrics
0
DSCR
5.57%
Cap Rate
5.57%
ROI
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