Applewood Townhomes: Spacious Three-Bedroom
11611 W 16th Ave Lakewood, CO 80215
11611 W 16th Ave, Lakewood, CO, 80215
$7,200,000
For Sale
$7,200,000
12-unit townhome community in a desirable Denver neighborhood.
Property Size19,440 SF
Lot Size0.62 Acres
Price / SF$370.37
Days on Market110
Property Features for 11611 W 16th Ave
General Information
- Standard status
- Active
- Size
- 19,440 SF
- Lot size
- 0.62 Acres
- Property subtype
- Multifamily
Listing agency
Denver Office
(303) 328-2035
Listed by
Matthew T. Berk · License #License(s): CO: FA.100103127
(303) 328-2035
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:01AM
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 Denver Office
Investment Insights
Based on property information with market context.
The Applewood Townhomes comprise a 12-unit community featuring exclusively three-bedroom townhomes. Each unit offers 1,620 square feet of living space, with three bedrooms and three bathrooms spread across multiple levels. The main level features an open-concept living area. Each floor includes a dedicated bedroom and bathroom. Units are equipped with in-unit washer and dryer and an attached one-car garage. Contemporary finishes include modern kitchens with quality appliance packages, durable flooring, clean sight lines, and smart storage. The property is situated on 0.62 acres at 11611 W 16th Avenue in Applewood, within a residential neighborhood characterized by single-family homes and mature trees. The golf course is visible from the community. The setting provides a private and quiet atmosphere, while still being located minutes from amenities and transit connections.
Key Highlights
- Spacious 1,620‑square‑foot, three‑bedroom, three‑bathroom townhomes.
- New construction, single‑family‑style living.
- Located in the desirable Applewood neighborhood.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $478.2k | $24.60 |
| − Vacancy | −$28.7k | −$1.48 |
| EGI | $449.5k | $23.12 |
| − OpEx | −$202.3k | −$10.41 |
| NOI | $247.2k | $12.72 |
19,440 SF · lease $24.60/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.53M
$3.09M – $4.12M
NOI $247,242 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.82M
$5.09M – $6.79M
NOI $407,587 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 12-unit townhome community in a desirable Denver neighborhood.
Where is this apartment building located?
The property is located at 11611 W 16th Ave Lakewood, CO.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Spacious 1,620‑square‑foot, three‑bedroom, three‑bathroom townhomes.; New construction, single‑family‑style living.; Located in the desirable Applewood neighborhood.
