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1570-1580 Tamarac St 4 Unit Apartment Building $1,235,431 CAD ($308,858 CAD/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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$107,717
|
$30.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,386
|
$1.55
|
| Effective Gross Income |
$102,331
|
$29.41
|
| Taxes |
$6,558
|
$1.88
|
| Operating Expenses |
$18,805
|
$5.40
|
| Total Expenses |
$25,363
|
$7.29
|
| Net Operating Income |
$76,968
|
$22.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $107,717 |
| Annual Per SF | $30.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,386 |
| Annual Per SF | $1.55 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $102,331 |
| Annual Per SF | $29.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,558 |
| Annual Per SF | $1.88 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,805 |
| Annual Per SF | $5.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,363 |
| Annual Per SF | $7.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $76,968 |
| Annual Per SF | $22.12 |
Property Facts
| Price | $1,235,431 CAD | Building Class | C |
| Price Per Unit | $308,858 CAD | 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 | $1,235,431 CAD |
| Price Per Unit | $308,858 CAD |
| 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 | $2,343 CAD | 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 | $85,721 CAD |
| Land Assessment | $24,212 CAD | Annual Taxes | $6,558 CAD ($1.68 CAD/SF) |
| Improvements Assessment | $24,212 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1333-31-029
Land Assessment
$24,212 CAD
Improvements Assessment
$24,212 CAD
Total Assessment
$85,721 CAD
Annual Taxes
$6,558 CAD ($1.68 CAD/SF)
Tax Year
2025
Contacts
-
Connor Knutson -
Josh Newell -
Lindsey Santaularia -
Pinnacle Real Estate Advisors
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1570-1580 Tamarac St
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