Skip to main content

Multifamily

7240 Tennyson St

7240 Tennyson St, Westminster, CO 80030

Listing Price: $865,000

Cap Rate
6.64%
Number of Units
4
GRM
9.83
Occupancy
95.0%
Price/Unit
$216,250
Price/Gross SF
$237.12
Gross SF
3,648

Investment Overview

7240 Tennyson St presents investors with the opportunity to acquire a well-located, clean workforce housing asset in the Westminster corridor offering both strong in-place cash flow and a clear path to near-term yield expansion. With a going-in cap rate of 6.64% and the ability to expand to 7.51% in Year One, the property delivers immediate returns with additional upside through operational improvements and mark-to-market rent growth.

Investment Highlights

  • Offers attainable 2BR units in a high-demand corridor between Denver and Boulder, ensuring stable renter demand.
  • Hands-on management and expense control create immediate NOI lift with minimal capital needs.
  • Convenient access to Denver and Boulder with strong demographics supporting long-term rental demand.

Exclusively Listed By

Multifamily

7240 Tennyson St

Listing Price: $865,000

Cap Rate
6.64%
Number of Units
4
GRM
9.83
Occupancy
95.0%
Price/Unit
$216,250
Price/Gross SF
$237.12
Gross SF
3,648

Investment Highlights

  • Offers attainable 2BR units in a high-demand corridor between Denver and Boulder, ensuring stable renter demand.
  • Hands-on management and expense control create immediate NOI lift with minimal capital needs.
  • Convenient access to Denver and Boulder with strong demographics supporting long-term rental demand.

Investment Overview

7240 Tennyson St presents investors with the opportunity to acquire a well-located, clean workforce housing asset in the Westminster corridor offering both strong in-place cash flow and a clear path to near-term yield expansion. With a going-in cap rate of 6.64% and the ability to expand to 7.51% in Year One, the property delivers immediate returns with additional upside through operational improvements and mark-to-market rent growth.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower