3445 South Downing Street & 3440 S Corona Street Englewood, CO 80113
Two adjacent properties with 71 units and significant rental upside.
Type:Multifamily
Property size:
45,576 SFPrice / SF:
$276/SF- Added:
- Nov 21, 2025
- Days on Market:
- 166
- Last Refresh:
- Apr 5 at 11:41 pm
Property Features for 3445 South Downing Street & 3440 S Corona Street
General Information
- Standard status
- Active
- Size
- 45,576 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agent Jim Knowlton License #100032419 (303) 962-9543
Listing office Pinnacle Real Estate Advisors (303) 962-9543
Listing date Nov 21, 2025
Source Pinnaclerea
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Real Estate Advisors
HighLights
- Significant rental upside potential as‑is or renovated.
- Assumable debt at a fixed 3.27% interest rate for 7 years (55% LTV).
- Prime location near Swedish Medical Center, Craig Hospital, Porter Hospital, restaurants, retail, and the University of Denver.
- Recent capital improvements: new boiler, parking lot asphalt, stairwell treads, and 70% of AC units.
- Two adjacent properties totaling 71 units.
- Beautifully landscaped courtyards, onsite laundry, leasing office, and BBQ area.
Overview
Englewood Multifamily Investment Opportunity
The Rustic Aire and Rustic Arms Apartments present an opportunity to acquire two adjacent, individually deeded properties located at 3440 S Corona and 3445 S Downing in Englewood, CO. The combined properties feature 71 units, with 23 units at Rustic Aire and 48 units at Rustic Arms. The properties are located one block from Swedish Medical Center and Craig Hospital, one mile from Porter Hospital, within walking distance of restaurants and retail on E Hampden Ave, three-quarters of a mile from South Broadway restaurants and retail, two miles from the University of Denver, and one mile from Safeway and King Soopers Fresh. Recent capital improvements include a new boiler installed at Rustic Arms in 2023/2024, a new boiler at Aire in 2024, new asphalt overlay and striping on parking lots, and replaced stairwell treads across both properties. Approximately twenty percent of the units have been updated. The properties also feature landscaped courtyards, onsite laundry facilities, an onsite leasing office, and a BBQ area for tenants. This investment offers significant rental upside to a new buyer both in as-is condition and post-renovation. The seller is willing to sell the properties individually but would prefer to execute a transaction with one buyer for both properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.975
- Latitude
- 39.6542
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two adjacent properties with 71 units and significant rental upside.
Where is this apartment building located?
The property is located at 3445 South Downing Street & 3440 S Corona Street Englewood, CO.
What is the asking price?
The asking price for this property is $12,600,000.
What are key features of this property?
This property features: Significant rental upside potential as‑is or renovated.; Assumable debt at a fixed 3.27% interest rate for 7 years (55% LTV).; Prime location near Swedish Medical Center, Craig Hospital, Porter Hospital, restaurants, retail, and the University of Denver.
