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$2,340,000

  • For Sale
  • Active
  • Multi-Family
  • 2 Total Beds
  • 1 Car Garage
  • Updated 8 days ago
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Prime 6-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: 6 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 property 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

Full Property Details for 3991 E 121st Ave

General

  • Price: $2,340,000
  • HOA FEE: $245/month
  • Taxes: $2,438 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MetroList_Colorado
  • MLS ID: 4732768
  • Updated: 2/11/2026
  • Added to Site: 9 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: In Unit

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Total Spaces: 1

Location

  • County: Adams
  • Subdivision: Thornton Ridge Filing

School Information

  • Elem School District: Adams 12 5 Star Schl
  • Midd School District: Adams 12 5 Star Schl
  • High School District: Adams 12 5 Star Schl
  • Elementary School: Stellar
  • Middle School: Century
  • High School: Mountain Range

Community

  • Association: Yes
  • Assoc. Name: Thornton Ridge Townhomes
  • Pets Allowed: Yes
  • Management Type: Self Managed

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Construction: Frame
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Composition
  • Common Walls: 2+ Common Walls
  • Square Feet: 1,884
  • Sq. Ft. Source: Public Records
  • Living Area: 1,244 Sq. Ft.
  • Year Built: 1997

Financial Considerations

  • Association Fee: Yes
  • Association Fee: $245
  • Assoc Fee Freq.: Monthly
  • Assoc Fee /Annual: $2,940
  • Operating Expenses: Association, Maintenance, Other
  • Tax Amount: $2,438
  • Tax Year: 2024
  • Terms: 1031 Exchange, Cash, Other
  • Owner Pays: Association Fees

Disclosures and Reports

  • Ownership: Corporation/Trust
  • Special Conditions: None
  • Legal Description: SUB:THORNTON RIDGE FILING NO 1 LOT:67
  • Exclusions: Tenant and seller personal property
  • Property ID: R0026161

Listed by Compass - Denver

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Listing agent

— 3991 E 121st Ave —

  • Compass - Denver

kayla.schmitz@compass.com,303-249-4118

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Tax History for 3991 E 121st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,023
-63%
$24,130
-11%
2024
$2,793
-6%
$27,000
-1%
2023
$2,975
27%
$27,270
28%
2022
$2,344
2%
$21,280
2%
2021
$2,304
4%
$20,820
5%
2020
$2,222
—
$19,920
—
2019
$2,227
15%
$19,920
19%
2018
$1,933
10%
$16,800
—
2017
$1,758
26%
$16,800
30%
2016
$1,392
-8%
$12,950
-8%
2015
$1,510
73%
$14,070
78%
2014
$873
—
$7,910
—
2013
$870
—
$7,910
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 3991 E 121st Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass - Denver

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3991 E 121st Avenue, Thornton, CO 80241 (MLS# 4732768) is a Multi-Family property with units containing 2 bedrooms and 0 full bathrooms. 3991 E 121st Avenue is currently listed for $2,340,000 and was received on February 11, 2026. Want to learn more about 3991 E 121st Avenue? Do you have questions about finding other Multi-Family real estate for sale in Thornton? You can browse all Thornton real estate or contact a Coldwell Banker agent to request more information.

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