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3991 E 121st Avenue

Thornton, CO 80241
  • $1,950,000
  • STATUS: Active
  • ON SITE: 89 Days
  • ID#: 4732768
UPDATED: 15 min ago
$1,950,000
  • 2
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,884
    SQFT
  • $1,035
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1997
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
REcolorado logo Offered by Compass - Denver.

Description

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

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Digital Millennium Copyright Act

Based on information submitted to the MLS GRID as of 2026-05-12T09:22:54 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

REcolorado logo © 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

www.yourcoloradohomerealtor.com/homes/172955416
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3991 E 121st Avenue Thornton, CO 80241

  • Price: $1,950,000
  • Status: Active
  • On Site: 89 Days
  • Updated: 15 min ago
  • ID#: 4732768
2
Beds
0
Baths
0
½ Baths
N/A
Acres
1,884
SQFT
$1,035
$/SQFT
1997
Built
Neighborhood:
Thornton Ridge Filing
County:
Adams
Area:
Thornton
Elementary School:
Stellar
Middle School:
Century
High School:
Mountain Range
School District:
Adams 12 5 Star Schl
Property Description
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
Exterior Features

Attached Garage YN Yes Carport Spaces 0 Construction Materials Frame Offstreet Spaces 0 Parking Total 1 Patio And Porch Features Deck Roof Composition Rv Spaces 0 Structure Type Quadruplex

Interior Features

Above Grade Finished Area 1244 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Common Walls 2+ Common Walls Cooling Central Air Heating Forced Air Laundry Features In Unit Levels Two

Property Features

Association Fee 245 Association Fee Annual 2940.00 Association Fee Frequency Monthly Association Fee Total Annual 2940.00 Association Fee2 Annual 0.00 Association Fee3 Annual 0.00 Association YN Yes Building Area Source Public Records Comparable Listing YN No Exclusions Tenant and seller personal property Lease Expiration 2027-12-31 Listing Terms 1031 ExchangeCashOther Living Area Sq Ft 1244 Multiple Associations YN No Operating Expense Includes AssociationMaintenanceOther Owner Pays Association Fees Ownership Corporation/Trust Property Attached YN Yes Property Sub Type Quadruplex Restrictions Covenants YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 2438 Tax Legal Description SUB:THORNTON RIDGE FILING NO 1 LOT:67 Tax Year 2024 Water Source Public

REcolorado logoListing courtesy of REcolorado as distributed by MLS GRID.
Listing courtesy of Compass - Denver:kayla.schmitz@compass.com,303-249-4118. MLS #4732768


Digital Millennium Copyright Act

Based on information submitted to the MLS GRID as of 2026-05-12T09:22:54 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

REcolorado logo © 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

 
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