Address
3991 E 121st Avenue, Thornton, CO
Price
$ 1,400,000
Property Attributes
- MLS#4732768
- TypeMulti-Family
- Listing Status Active
- CountyADAMS
- CityThornton
- NeighborhoodThornton Ridge Filing
- Zip80241
- StyleQuadruplex
- Year Built1997
- Taxes$ 2438
- Price$ 1,400,000
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1884
Data Source:
REColorado (MTOMLS)
Property Description
Prime 4-Unit Townhome Investment Opportunity Multifamily gem in the heart of Thornton! These well-maintained 4-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: 2 units: 2 bed / 1.5 bath 2 units: 3 bed / 2 bath 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
| Elementary School | Middle School | High School |
|---|---|---|
| Stellar Elementary School | Century Middle School | Mountain Range High School |
| Price History | |
|---|---|
| 2/11/2026 | Listed $390,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central Air |
| Roof | Composition |
| HOA Fee | 245 |
| Garage Spaces | 1 |
| Patio/Porch Features | Deck |
| Construction Materials | Frame |
| Exclusions | Tenant and seller personal property |
| Year Built | 1997 |
| Levels | Two |
| Property Subtype | Quadruplex |
| Tax Year | 2024 |
| Ownership | Corporation/Trust |
| OwnerPays | Association Fees |
| Assoc Fee Paid Per | Monthly |
| County | Adams |
| Property Type | Residential Income |
| HOA | Yes |
| Attached Garage | Yes |
| Subdivision Name | Thornton Ridge Filing |
| Status | Active |
| High School | Mountain Range |
| City | Thornton |
| Association Name | Thornton Ridge Townhomes |
| Senior Community Y/N | No |
| High School District | Adams 12 5 Star Schl |
| Listing Terms | 1031 Exchange,Cash,Other |
| Elementary School | Stellar |
| Tax Annual Amount | 2438 |
| Middle/Junior High School | Century |
| Ok to Lease | Long Term |
| Structure Type | Quadruplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Adams 12 5 Star Schl |
| Elementary School District | Adams 12 5 Star Schl |
| Cap Rate | 6 |
Interior Features
| Basement | Unfinished |
|---|---|
| Common Walls | 2+ Common Walls |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 1244 |
| Laundry Features | In Unit |
| Total Bedrooms | 2 |
| Total Baths | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 1 |
| Building Area Total | 1884 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80241
Price
Taxes
Year Built
Visits
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO©. Real estate listings held by brokers other than Luxe Haven Realty LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. September 25, 2026 9:56 PM UTCd
