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422 E Tennessee Ave - 422 E Tennessee 3 Unit Apartment Building Offered at $950,000 at a 5.04% Cap Rate Denver, CO 80209
INVESTMENT HIGHLIGHTS
- Located in a highly walkable Wash Park–adjacent neighborhood with strong long-term rental demand.
- Low-density asset offers simpler management compared to larger multifamily properties.
- Efficient unit layouts maximize livable space and support consistent tenant retention.
EXECUTIVE SUMMARY
422 E Tennessee Ave is a charming three-unit property that combines small-scale appeal with high-quality interiors. While the building is modest in size, each apartment has been thoughtfully updated and is exceptionally well-finished, offering modern layouts, attractive finishes, and a comfortable living experience. The property stands out for its strong unit quality and turnkey appeal, making it an excellent option for investors seeking a well-maintained triplex with desirable interiors.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$61,080
|
$33.18
|
| Other Income |
$1,200
|
$0.65
|
| Vacancy Loss |
$1,832
|
$1.00
|
| Effective Gross Income |
$60,448
|
$32.83
|
| Taxes |
$4,955
|
$2.69
|
| Operating Expenses |
$7,642
|
$4.15
|
| Total Expenses |
$12,597
|
$6.84
|
| Net Operating Income |
$47,851
|
$25.99
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $61,080 |
| Annual Per SF | $33.18 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.65 |
| Vacancy Loss | |
|---|---|
| Annual | $1,832 |
| Annual Per SF | $1.00 |
| Effective Gross Income | |
|---|---|
| Annual | $60,448 |
| Annual Per SF | $32.83 |
| Taxes | |
|---|---|
| Annual | $4,955 |
| Annual Per SF | $2.69 |
| Operating Expenses | |
|---|---|
| Annual | $7,642 |
| Annual Per SF | $4.15 |
| Total Expenses | |
|---|---|
| Annual | $12,597 |
| Annual Per SF | $6.84 |
| Net Operating Income | |
|---|---|
| Annual | $47,851 |
| Annual Per SF | $25.99 |
PROPERTY FACTS
| Price | $950,000 | Property Type | Multifamily |
| Price Per Unit | $316,667 | Building Size | 1,841 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.04% | No. Stories | 2 |
| No. Units | 3 | Year Built | 1910 |
| Zoning | U-SU-B | ||
| Price | $950,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 1,841 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | U-SU-B |
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (76)
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422 E Tennessee Ave - 422 E Tennessee
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