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3991 E 121st Avenue, Thornton, CO, 80241

2beds
2baths
1,884sqft
$1,950,000
$1,035price/sqft
$12,237/moest. monthly cost
$489,480/yrincome needed

About This Home

Prime 5-Unit Townhome Investment Opportunity Multifamily gem in the heart of Thornton! This well-maintained 6-units within the Thornton Ridge townhome complex offers a balanced mix of spacious layouts and strong rental performance, ideal for both seasoned investors and newcomers seeking reliable cash flow. Property Breakdown: 5 units: 2 bed / 1.5 bath townhomes Current rents: $2,100-$2,400 per month Cap rate: 5-6%, with potential upside through light updates and rent optimization Strong rental history: Consistent occupancy and long-term tenants. Seller can provide full rental history and detailed income documentation Each home features comfortable living spaces, well maintained finishes in varying levels of updates, and private outdoor areas. Whether you’re looking to expand your portfolio or enter the Denver metro multifamily market, this portfolio offers immediate cash flow, proven stability, and future growth potential. Current Rents: $2,100-$2,400/month Cap Rate: 5-6% Financials: Full rent roll and income verification available upon request

Getting Around

77
WalkingVery Walkable
26
TransitSome Transit
61
BikeBikeable

Schools

6/10
4/10
Century Middle SchoolGrades 6-81.8 mi
6/10

Construction

Condition

  • Year built: 1997

Materials

  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex

Interior

Appliances

  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,244
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,884
  • Total interior livable area: 1,884 sqft

Property

Details

  • Parcel number: R0026161
  • Attached to another structure: Yes
  • Special condition: Standard
  • Exclusions: Tenant And Seller Personal Property

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck

Parking

  • Total spaces: 1
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1