Marcus & Millichap is pleased to present 7115-7121 Stuart Street, a well-maintained four-unit multifamily investment opportunity located in Westminster, Colorado. Offered at approximately $800,000, the Property represents a rare opportunity to acquire a renovated, cash-flowing apartment asset at an attractive basis within one of Denver’s most desirable suburban rental markets. The Property offers investors a compelling combination of in-place income, projected yield growth from a 5.57% cap rate to a 6.40% Year 1 cap rate, limited deferred maintenance, and long-term rental demand driven by its desirable Westminster location.
ATTRACTIVE ENTRY PRICE WITH STRONG RELATIVE VALUE
Offered at approximately $800,000, 7115-7121 Stuart St provides investors with one of the lowest barriers to entry for a turnkey multifamily asset in the Northwest Denver metro. The property’s pricing compares favorably to recent sales in Westminster and Arvada, allowing investors to acquire a stabilized asset at a significantly lower basis than many competing opportunities.
IMMEDIATE YIELD GROWTH
The property is projected to improve from a 5.57% cap rate on current operations to a 6.40% Year 1 cap rate through modest rent adjustments and operational optimization. This creates an opportunity for investors to realize meaningful income growth without undertaking a major renovation program or assuming substantial execution risk.
RENOVATED ASSET WITH LIMITED DEFERRED MAINTENANCE
Ownership has already completed significant capital improvements, positioning the property as a low-maintenance investment. The renovated interiors and well-maintained exterior reduce near-term capital expenditure requirements and allow a new owner to focus on cash flow growth rather than costly repairs or unit turns.
DESIRABLE UNIT MIX WITH CONSISTENT RENTAL DEMAND
The property consists entirely of two-bedroom units, a highly sought-after floor plan that continues to attract a broad tenant base of working professionals, roommates, and small families. This unit mix has historically provided strong occupancy and stable tenant retention throughout the Northwest Denver market.
STRONG WESTMINSTER LOCATION
Located near the Westminster-Arvada border, the property benefits from convenient access to major employment corridors, retail amenities, and transportation routes. Residents enjoy proximity to Downtown Westminster, Olde Town Arvada, US-36, and I-70, supporting long-term rental demand and occupancy stability.
SMALL MULTIFAMILY ASSET CLASS REMAINS HIGHLY SOUGHT AFTER
Four-unit properties continue to attract a deep buyer pool ranging from first-time multifamily investors to 1031 exchange buyers and local owner-operators. The property’s manageable size, attractive financing options, and affordable price point make it accessible to a wide range of purchasers.