2–4 Unit Multi-Family Financing in Golden, CO

2–4 Unit Multi-Family investing in Golden

A 2–4 unit property in Golden is still residential financing — it is underwritten on the 1025 Small Residential Income Property appraisal rather than a commercial rent roll, so you keep 30-year fixed terms while spreading vacancy risk across multiple doors. Losing one tenant in a duplex costs you roughly half your income instead of all of it.

At the Golden median of $775,000, a 2–4 unit multi-family prices near $1,224,500 for a typical duplex — small multifamily trades at a premium per building but a discount per door. Minimum down is 25% ($306,125), leaving a loan of $918,375. Estimated all-in PITIA runs about $7,418 per month.

Returns and structure

Return metrics at the Golden median for this product: an estimated cap rate of 5.09%, and monthly cash flow of $952 positive at 25% down. A file that cash-flows at the minimum down payment is the exception in Colorado right now, and it gives you room to absorb an insurance renewal without going to the reserve account. Note that the $918,375 loan amount exceeds the $862,500 conforming limit for Jefferson County, so agency pricing is off the table and this is a jumbo DSCR file.