Golden Multifamily Investment
For Sale
$835,000
16680 W 11th Ave, Golden, CO 80401
Stabilized multifamily property in Golden, Colorado with immediate yield.
Property Size2,300 SF
Price / SF$363.04
Days on Market158
Property Features for 16680 W 11th Ave
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multifamily
Occupancy
95%
Amenities
Stabilized 5-unit asset in Golden with 100% occupancy and a 6.67% in-place cap rate delivering immediate, reliable cash flow.
Below market rents sit $150–$300 below comps, offering easy revenue growth without renovations as leases roll.
Optional 6th unit via ADU fully renovated and able to be zoned conforming adding ~$1,300/month in additional income.
Building Details
Building Size
2,300 SF
Units
5
Listed By:
Jason Hornik · License #License(s): CO: FA. 100070708
(303) 328-2064
Source:
Marcusmillichap
Added: Mar 31
Changed: Sep 4
Last Checked: Aug 8 at 2:44AM
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 Jason Hornik
Investment Insights
Based on property information with market context.
The property at 16680 W 11th Ave presents an opportunity to acquire a stabilized, cash-flowing multifamily asset. The property is currently 100% occupied with consistent rent collections. Current operations generate $56,674 NOI, with Year 1 NOI projected to climb to $64,011 through natural loss-to-lease burn-off, modest rent adjustments, and continued growth in utility bill-backs and ancillary revenue streams. This represents a 13% NOI increase with no major capital expenditure requirements. Rents average $1,300 ($2.83/SF) across efficient 1-BD and 2-BD layouts. The total rents remain $150–$300 below comparable Golden units. Comparable buildings routinely achieve $1,325–$1,750 depending on size and unit mix. The property size is 2,300 square feet. At a 6% interest rate and 65% LTV, buyers achieve Year 1 cash-on-cash of 10.37% and a 1.93 DCR. The property is ideal for private capital, 1031 buyers, and long-term operators seeking stable cash flow with upside.
Key Highlights
- High In‑Place Cap Rate: 6.67% delivers immediate yield.
- Significant NOI Growth Potential: Projected 13% increase in Year 1 NOI.
- Substantial Rent Upside: Rents are $150-$300 below comparable units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 80401, CO
41,913
Population
17,762
Households
2.4
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
49.1 sq mi
ZIP Area
854
Density / Sq Mi
$112,444
Median Household Income
$53,936
Median Earnings
$1,868
Median Rent
$748,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Stabilized multifamily property in Golden, Colorado with immediate yield.
Where is this multifamily property located?
The property is located at 16680 W 11th Ave Golden, CO.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: High In‑Place Cap Rate: 6.67% delivers immediate yield.; Significant NOI Growth Potential: Projected 13% increase in Year 1 NOI.; Substantial Rent Upside: Rents are $150-$300 below comparable units.
