Turnkey Multifamily Apartment
For Sale
Contact for pricing
6985 Stuart St, Westminster, CO 80030
Fully renovated 52-unit apartment property with a walk-up design and central courtyard setting.
Property Size37,150 SF
Days on Market159
Property Features for 6985 Stuart St
General Information
Standard status
Active
Size
37,150 SF
Property subtype
Multifamily
Occupancy
95%
Additional Details
Multifamily Units
52
Amenities
central courtyard
mature landscaping
walk-up design
Opportunity to acquire pride of ownership units at scale in sustainable submarket with growing population and income; can renovate units further to capture higher rental rates.
New boilers, hot water heaters, electrical panels, windows, and doors (last 2–8 years), Roof replacement in 2018 w/ 20-year warranty, Plumbing Upgrades and Parking lot resurfacing in 2020 & 2025.
With minimal deferred maintenance, new ownership can focus capital on operational efficiencies and strategic enhancements rather than major repair projects.
Building Details
Building Size
37,150 SF
Year Built
1971
Units
52
Tenancy
Multi
Listed By:
Greg Parker · License #License(s): CO: FA.100074810
(303) 328-2015
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 8
Last Checked: Jul 23 at 1:29PM
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 Greg Parker
Investment Insights
Based on property information with market context.
Candlelight Apartments is a 52-unit multifamily community built in 1971 and extensively modernized under current ownership. The property features 40 one-bedroom units and 12 two-bedroom units, with comprehensive interior updates including new countertops, cabinetry, white appliance packages, hard-surface vinyl flooring, new fixtures, new sinks, modernized bathrooms, and new air-conditioning units in each unit. The overall layout includes a central courtyard, mature landscaping, and a walk-up design.
Recent capital improvements target both operational reliability and long-term durability. Updates include new boilers, hot water heaters, electrical panels, windows, and doors, with replacements completed within the last two to eight years. A roof replacement was completed in 2018 with a transferrable 20-year warranty. Additional work includes plumbing updates and parking lot resurfacing completed in 2020 and 2025.
With system-modernized building components and renovated interiors already in place, the community is offered as a turnkey acquisition designed for stabilized operations, while still allowing room for selective operational and exterior enhancements.
Recent capital improvements target both operational reliability and long-term durability. Updates include new boilers, hot water heaters, electrical panels, windows, and doors, with replacements completed within the last two to eight years. A roof replacement was completed in 2018 with a transferrable 20-year warranty. Additional work includes plumbing updates and parking lot resurfacing completed in 2020 and 2025.
With system-modernized building components and renovated interiors already in place, the community is offered as a turnkey acquisition designed for stabilized operations, while still allowing room for selective operational and exterior enhancements.
Key Highlights
- Fully renovated Candlelight Apartments: 52‑unit multifamily community in Westminster, CO at 6985 Stuart Street
- Unit mix includes 40 one‑bedroom units and 12 two‑bedroom units (walk‑up design with a central courtyard setting)
- Renovations in all units: new countertops and cabinetry, white appliance packages, hard‑surface vinyl flooring, modernized bathrooms, and new air‑conditioning units
Property Analytics
Property Profile
Current Use
Lease Details
52
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
Demographics for 80030, CO
15,885
Population
6,823
Households
2.3
Avg Household Size
36
Median Age
30%
College-Educated
87%
High-School Grad
2.6 sq mi
ZIP Area
6,110
Density / Sq Mi
$61,964
Median Household Income
$43,004
Median Earnings
$1,296
Median Rent
$422,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 52-unit apartment property with a walk-up design and central courtyard setting.
Where is this apartment building located?
The property is located at 6985 Stuart St Westminster, CO.
What are key features of this property?
This property features: Fully renovated Candlelight Apartments: 52‑unit multifamily community in Westminster, CO at 6985 Stuart Street; Unit mix includes 40 one‑bedroom units and 12 two‑bedroom units (walk‑up design with a central courtyard setting); Renovations in all units: new countertops and cabinetry, white appliance packages, hard‑surface vinyl flooring, modernized bathrooms, and new air‑conditioning units
