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Home » Real Estate » CO » Thornton » 80241 » 3991 E 121st Ave, Thornton, CO, 80241
$1,950,000

3991 E 121st Ave, Thornton, CO, 80241

2 Beds
2 Baths
1,884 Square Feet
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
Offered By
Kayla Schmitz, Compass - Denver

Property Details

Property Type Residential Income
Status Active
Bedrooms 2
Square Feet 1,884
MLS # 4732768

Market Trends

New Properties On Market
11
83% Increase In New Listings
Average Asking Price
$610,104
$184,473 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$320
$63 Increase In List Price/Sq. Ft.
Average Days On Market
30
13 Day Decrease In Days On Market
Data as of Mar 27, 2026. Remaining statistics above are calculated on activity within the period from Jan 01, 2026 to Feb 28, 2026.