Mixed-Use Portfolio with Development
1490 Lafayette St, Denver, CO 80218
For Sale
New
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The Denver combines rental housing, professional offices, neighborhood retail, and an approved plan for additional apartments.
Property Size58,899 SF
Days on Market6
Property Features for 1490 Lafayette St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Road Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Property Use
Amenities
Renovated, Low Capital Needs: $6.3M invested since 2019, including gut-renovated apartments and major building systems, minimizing near-term capital needs.
Entitled Development Upside: Approved plans for 82 apartments and 151 parking spaces, vested through July 2030 and exempt from mandatory affordable housing.
Proven Operating Performance: 100% occupied with virtually no vacancy, no concessions and just one delinquency since 2019, supporting dependable in-place income.
Transit-Driven Value: $280M East Colfax BRT investment runs directly in front of the portfolio, with Colfax-Downing Station approximately one block away.
Strong Denver Fundamentals: Apartment supply is at a five-year low as absorption strengthens, supporting future rent growth in a highly educated, high-income market.
Durable Commercial Tenancy: Long-tenured retail tenants and 100%-leased office space provide stable income, with NNN reimbursements helping protect NOI.
Building Details
Building Size
Units
Tenancy
Listing Agency:
Denver Office
Listed By:
Matt Berk
(303) 328-2035
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 12 at 4:11AM
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
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Investment Insights
Based on property information with market context.
The Denver is a mixed-use portfolio comprising three income-producing properties and a development site. Its existing operations include 27 rental homes, 15 professional office tenants, and four street-level retailers. Alta Court Lofts and Alta Court Offices occupy the 1902 Altamaha Apartments, while Rosenstock Place combines a glazed-brick storefront with apartments. The Lafayette Site consists of four adjoining parcels and has an approved Site Development Plan for 82 apartments.
The properties are at East Colfax Avenue and Lafayette Street in Denver’s Capitol Hill neighborhood, two blocks north of Cheesman Park. The portfolio fronts the East Colfax Bus Rapid Transit corridor. The source describes the existing portfolio as having no vacancies.
The properties are at East Colfax Avenue and Lafayette Street in Denver’s Capitol Hill neighborhood, two blocks north of Cheesman Park. The portfolio fronts the East Colfax Bus Rapid Transit corridor. The source describes the existing portfolio as having no vacancies.
Key Highlights
- 27 rental homes, 15 professional office tenants, and four street‑level retailers
- Four adjoining parcels at the Lafayette Site have an approved plan for 82 apartments
- Alta Court Lofts and Alta Court Offices are located in the 1902 Altamaha Apartments
Property Analytics
Who owns this building?
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Current Use
Lease Details
27
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,146
Businesses Nearby
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Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Denver, CO
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Vacancy Rate% for Office in Denver, CO
Frequently Asked Questions
What type of property is this?
Mixed-use property - The Denver combines rental housing, professional offices, neighborhood retail, and an approved plan for additional apartments.
Where is this mixed-use property located?
The property is located at 1490 Lafayette St Denver, CO.
What are key features of this property?
This property features: 27 rental homes, 15 professional office tenants, and four street‑level retailers; Four adjoining parcels at the Lafayette Site have an approved plan for 82 apartments; Alta Court Lofts and Alta Court Offices are located in the 1902 Altamaha Apartments
