3991 E 121st Avenue
Thornton, CO, 80241
$1,400,000
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
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
Property Details
Price:
$1,400,000
MLS #:
REC4732768
Status:
Active
Beds:
2
Baths:
2
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Thornton Ridge Filing
Finished Sq Ft:
1,244
Total Sq Ft:
1,884
Year Built:
1997
Schools
School District:
Adams 12 5 Star Schl
Elementary School:
Stellar
Middle School:
Century
High School:
Mountain Range
Interior
Above Grade Finished Area
1244
Below Grade Unfinished Area
640
Cooling
Central Air
Heating
Forced Air
Laundry Features
In Unit
Levels
Two
Exterior
Attached Garage YN
1
Common Walls
2+ Common Walls
Construction Materials
Frame
Garage Spaces
1
Parking Spots
1
Parking Total
1
Patio And Porch Features
Deck
Roof
Composition
Financial
HOA Fee
$245
HOA Fee Frequency
Monthly
HOA Name
Thornton Ridge Townhomes
HOA Phone
9704819574
Tax Year
2024
Taxes
$2,438
Map
Contact Us
Mortgage Calculator
Property Summary
- Located in the Thornton Ridge Filing subdivision, 3991 E 121st Avenue Thornton CO is a Multi Family for sale in Thornton, CO, 80241. It is listed for $1,400,000 To schedule a showing of MLS#rec4732768 at 3991 E 121st Avenue in Thornton, CO, contact your Smart Sale AI agent at 3039066915.
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Additional Details
MLS ID : REC4732768
Listing Key : REC2051861038
Parcel Number : R0026161
Zip Code : 80241
City : Thornton
State : CO
Building if Condo :
Full Street: 3991 E 121st Avenue
Address : 3991
Address Prefix :
Address Suffix : Avenue
Street : 121st
Street Prefix : E
Street Suffix :
Unit if Condo :
Latitude : 39.917068
Longitude : -104.940811
Property Type : multifamily
Property Sub Type : Quadruplex
Stories Total if Condo :
Lot Size :
Ownership : Corporation/Trust
Zoning :
Condition :
Renovation :
Pets Allowed :
Special Conditions : None
Possession :
Original Price : 390000
Close Price :
Close Date :
List Date : Feb 11, 2026
List Contract Date : 2026-02-11
Off Market Date :
Purchase Contract Date :
Days on Market : 199
Concessions Amount :
Concession Comment :
Renovation :
Company : Compass – Denver
Copyright 2026. All rights reserved.
3991 E 121st Avenue
Thornton, CO