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Active Residential

3991 E 121st Avenue

Thornton, CO 80241

RECOLORADO #4732768 Updated: Mar 18, 2026, 7:15pm
$1,950,000
2 Beds • 2 Baths • 1,884 SqFt
Property
ActiveResidential
1/8
$1,950,000

3991 E 121st Avenue

Thornton, CO 80241
2
Beds
2
Baths
1,884
SqFt
0
Acres
RECOLORADO
#4732768
Updated: Mar 18, 2026, 7:15pm

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

Property Details

Interior
Above Grade Finished Area
1244
Basement
Unfinished
Below Grade Unfinished Area
640
Building Area Total
1884
Cooling
Central Air
Heating
Forced Air
Laundry Features
In Unit
Living Area
1244
Construction
Also Marketed As
Residential Income
Building Area Source
Public Records
Common Walls
2+ Common Walls
Construction Materials
Frame
Levels
Two
Roof
Composition
Structure Type
Quadruplex
Year Built
1997
Site & Exterior
Garage Spaces
1
Parking Total
1
Patio And Porch Features
Deck
Sewer
Public Sewer
Water Source
Public
Financials
Association Fee
245
Association Fee Annual
2940.00
Association Fee Frequency
Monthly
Association Fee Total Annual
2940.00
Contract Earnest Check To
First Integrity Title
Contract Min Earnest
50000.00
Exclusions
Tenant and seller personal property
Lease Expiration
2027-12-31
Owner Pays
Association Fees
Ownership
Corporation/Trust
Parcel Number
R0026161
Special Listing Conditions
None
Tax Annual Amount
2438
Tax Legal Description
SUB:THORNTON RIDGE FILING NO 1 LOT:67
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
Association Management Type
Self Managed
Association Name
Thornton Ridge Townhomes
Association Phone
9704819574
Senior Community
No
Subdivision Name
Thornton Ridge Filing
Schools
Ratings
Elementary
Stellar
Middle
Century
High
Mountain Range
Elem. District
Adams 12 5 Star Schl
Middle District
Adams 12 5 Star Schl
High District
Adams 12 5 Star Schl
Listing provided courtesy of RECOLORADO via IDX. Updated: Mar 18, 2026, 7:15pm.
Kayla Schmitz

Listing Agent

Compass - Denver

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