2940 W Arkansas Ave Denver, CO 80219

Building Details

Year Built

1961

Listing Agency Pinnacle Real Estate Advisors j***@pinnaclerea.com Show Phone

Listed by Jim Knowlton · License #FA100032419 Show Phone

Source Elliman

Added: Apr 24 Checked: Jul 17 at 6:15 pm

Report an Issue

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

---

Investment Insights

Based on property information with market context.

Ponderosa Apartments presents a multifamily investment opportunity in a transit-oriented Denver submarket. The property features a 7% CAP rate based on trailing 12-month numbers. Critical capital improvements have been recently completed, including a new boiler system, a full electrical upgrade with replacement of all electrical panels, and resurfacing of the asphalt parking lot. The unit mix consists of two-bedroom and three-bedroom floor plans. The property has a proven value-add track record, with 50% of the units fully renovated. These renovated units feature new flooring, cabinets, countertops, appliances, and full bathroom remodels. A new owner can renovate the remaining classic units to capture additional upside and drive net operating income. The property has updated windows and a newer roof. The property is bikeable with a score of 64, very walkable with a score of 75, and has some transit with a score of 46. The property consists of nineteen 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit.

Key Highlights

• Exceptional 7% CAP rate provides immediate and robust cash flow.
• Significant reduction in risk due to recent major infrastructure improvements.
• Proven value‑add track record with 50% of units already fully renovated.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $600,000

  3,821 SF

  Freestanding Retail Building with Upper Space

  Freestanding retail building with flexible upper-level space and multiple utility areas, currently operating as a long-standing bookstore.

  8710 E Colfax Ave, Denver, CO 80220

  View Details
• 

  $1,100,000

  3,624 SF

  Retail Investment Opportunity in Denver

  Retail property with stable income and built-in growth potential.

  913 N Corona St, Denver, CO 80218

  View Details
• 

  $2,995,000

  8,100 SF

  Industrial Warehouse and Office with Lot

  Three contiguous parcels offer a heated, centrally air-conditioned warehouse, a separate office, and a fenced corner lot for flexible use.

  1221 S Bannock, Denver, CO 80223

  View Details
• 

  $999,999

  2,245 SF

  Renovated Triplex in West Wash

  Fully renovated three-unit building in Denver's West Wash Park.

  342 S Lincoln St, Denver, CO 80209

  View Details
• 

  $1,395,000

  5,844 SF

  Turnkey Flex Warehouse with Office

  Turnkey flex facility with 20% office, 80% warehouse, new roof and LED lighting.

  765-795 S Jason St, Denver, CO 80223

  View Details
• 

  $1,295,000

  5,441 SF

  Standalone Two-Story Office Building

  Standalone two-story building with three office suites, multiple private entrances, and 17 on-site parking spaces near Denver Health.

  520 Cherokee St, Denver, CO 80204

  View Details
• 

  $2,950,000

  9,076 SF

  Brick Office Building with Courtyard

  Horseshoe-shaped office building with a landscaped central courtyard, fireplace reception, and private office layout.

  1890 Gaylord St, Denver, CO 80206

  View Details
• 

  $1,900,000

  10,464 SF

  Industrial Building with Dual Tenancy

  Two separate industrial units in a 1983-built building with robust 700-amp, 3-phase power and on-site parking.

  4396-4398 Broadway Street, Denver, CO 80216

  View Details
• 

  $2,100,000

  5,964 SF

  Renovated Office Building in Denver

  Recently renovated office building in vibrant Jefferson Park neighborhood.

  2941 W 19th Avenue, Denver, CO 80204

  View Details
• 

  $825,000

  3,110 SF

  Updated Duplex in Hale Neighborhood

  Turnkey duplex with upgrades in a desirable Denver location.

  5101 E 8th Ave, Denver, CO 80220

  View Details
• 

  $4,000,000

  18,704 SF

  Office and Retail Building with Parking

  Office-ready building with on-site parking and mixed-use zoning for flexible tenant or redevelopment use.

  574 Santa Fe Drive, Denver, CO 80204

  View Details
• 

  $695,000

  2,593 SF

  Modernized Office Live/Work Building

  Modernized 1933 office building with off-street parking, fenced yard, and live/work flexibility for professional users.

  1127 E 16th Ave, Denver, CO 80218

  View Details

FAQs

What type of property is this?

Apartment building - High-demand Denver submarket with strong cash flow and value-add potential.

Where is this apartment building located?

The property is located at 2940 W Arkansas Ave Denver, CO.

What is the asking price?

The asking price for this property is $3,600,000.

What are key features of this property?

This property features: Exceptional 7% CAP rate provides immediate and robust cash flow.; Significant reduction in risk due to recent major infrastructure improvements.; Proven value‑add track record with 50% of units already fully renovated.