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1570-1580 Tamarac St 4 Unit Apartment Building $895,000 ($223,750/Unit) 6.23% Cap Rate Denver, CO 80220



Investment Highlights
- Well Maintained 4-Plex that Offers Investment Opportunity or Owner Occupied Investment
- 6.23% 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
PRICE REDUCED by $50,000! 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 6.23% current CAP rate, providing immediate cash flow. Ideal for both investors seeking stable income and owner-occupants looking to offset their mortgage.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$78,035
|
$22.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,902
|
$1.12
|
| Effective Gross Income |
$74,133
|
$21.30
|
| Taxes |
$4,751
|
$1.37
|
| Operating Expenses |
$13,623
|
$3.91
|
| Total Expenses |
$18,374
|
$5.28
|
| Net Operating Income |
$55,759
|
$16.02
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $78,035 |
| Annual Per SF | $22.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,902 |
| Annual Per SF | $1.12 |
| Effective Gross Income | |
|---|---|
| Annual | $74,133 |
| Annual Per SF | $21.30 |
| Taxes | |
|---|---|
| Annual | $4,751 |
| Annual Per SF | $1.37 |
| Operating Expenses | |
|---|---|
| Annual | $13,623 |
| Annual Per SF | $3.91 |
| Total Expenses | |
|---|---|
| Annual | $18,374 |
| Annual Per SF | $5.28 |
| Net Operating Income | |
|---|---|
| Annual | $55,759 |
| Annual Per SF | $16.02 |
Property Facts
| Price | $895,000 | Building Class | C |
| Price Per Unit | $223,750 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 3,898 SF |
| Cap Rate | 6.23% | 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 | $895,000 |
| Price Per Unit | $223,750 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| 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 | $1,698 | 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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