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1570-1580 Tamarac St 4 Unit Apartment Building $945,000 ($236,250/Unit) 6.49% Cap Rate Denver, CO 80220
Investment Highlights
- Well Maintained 4-Plex that Offers Investment Opportunity or Owner Occupied Investment
- 6.49% Current CAP Rate!
- Highly Desirable Location Nearby Community College of Aurora - Lowry Campus and Stanley Marketplace
- (4) Large, 2 Bed 1 Bath Units
- Ability to Obtain Residential Financing
- Two Car Garage Plus Additional Off-Street Parking Spaces
Executive Summary
JUST LISTED! This well-maintained four-plex in Denver features four large 2 Bed / 1 Bath units, offering strong rental appeal and comfortable living spaces. The property delivers a 6.49% current CAP rate, providing immediate cash flow. Ideal for both investors seeking stable income and owner-occupants looking to offset their mortgage.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$84,336
|
$24.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,217
|
$1.21
|
| Effective Gross Income |
$80,119
|
$23.02
|
| Taxes |
$4,751
|
$1.37
|
| Operating Expenses |
$14,001
|
$4.02
|
| Total Expenses |
$18,752
|
$5.39
|
| Net Operating Income |
$61,367
|
$17.63
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $84,336 |
| Annual Per SF | $24.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,217 |
| Annual Per SF | $1.21 |
| Effective Gross Income | |
|---|---|
| Annual | $80,119 |
| Annual Per SF | $23.02 |
| Taxes | |
|---|---|
| Annual | $4,751 |
| Annual Per SF | $1.37 |
| Operating Expenses | |
|---|---|
| Annual | $14,001 |
| Annual Per SF | $4.02 |
| Total Expenses | |
|---|---|
| Annual | $18,752 |
| Annual Per SF | $5.39 |
| Net Operating Income | |
|---|---|
| Annual | $61,367 |
| Annual Per SF | $17.63 |
Property Facts
| Price | $945,000 | Building Class | C |
| Price Per Unit | $236,250 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 3,898 SF |
| Cap Rate | 6.49% | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 1965/2025 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | E-RH | ||
| Price | $945,000 |
| Price Per Unit | $236,250 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 3,898 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2025 |
| Parking Ratio | 0.77/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | E-RH |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Large Bedrooms
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,900 | 950 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1333-31-029 | Total Assessment | $62,100 |
| Land Assessment | $17,540 | Annual Taxes | $4,751 ($1.22/SF) |
| Improvements Assessment | $17,540 | Tax Year | 2025 |
Property Taxes
Parcel Number
1333-31-029
Land Assessment
$17,540
Improvements Assessment
$17,540
Total Assessment
$62,100
Annual Taxes
$4,751 ($1.22/SF)
Tax Year
2025
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1570-1580 Tamarac St
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