Marcus & Millichap is pleased to present 7721 E 14th Ave, a rare six-unit cottage-style multifamily investment opportunity located in the highly desirable East Denver submarket. Situated on a prominent 0.35-acre corner lot, the property consists of six fully renovated side-by-side residences that provide tenants with the privacy and feel of single-family living while offering investors the operational efficiencies of multifamily ownership. Each unit is complemented by a detached garage that is leased separately, creating an additional income stream and enhancing the overall tenant experience.
The property is offered at a 7.35% Day One Cap Rate with the ability to increase to a 7.89% Year One Cap Rate, providing investors with immediate cash flow and continued income growth. In addition to its strong in-place operations, the unique side-by-side layout presents an attractive opportunity for a future condominium conversion or long-term redevelopment, offering multiple paths to create value. With its turnkey condition, differentiated product type, and desirable Denver location, 7721 E 14th Ave represents a compelling opportunity to acquire a high-quality asset with durable cash flow and long-term appreciation potential.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1948
Stories
1
Living area
3,090 sqft
Price / sqft
$356
MLS #
3395871
Interior
Heating
Radiant
Exterior & lot
Lot
Level
Garage spaces
3
Schools
District
Denver 1
Elementary
Montclair
Middle
Hill
High
George Washington
Utilities
Sewer
Public Sewer
Financial
Annual tax
$5,401
Parcel
6042-04-022
Special conditions
None Known
Location
Subdivision
East Colfax
County
Denver
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Listed by Charles Burkhart, Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.