2929 West Colorado Avenue, Denver, CO 80219
Acquire a 23-unit multifamily asset with immediate I-25 access and a value-add positioning in a workforce-housing corridor.
- Added:
- Jun 5, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 20 at 4:36 am
Property Features for 2929 West Colorado Avenue
General Information
- Standard status
- Active
- Size
- 20,085 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing office MMG (303) 257-7627
Listing date Jun 5, 2026
Source Crexi
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 MMG
HighLights
- 23‑unit multifamily property in Denver’s Barnum neighborhood.
- Built in 1961.
- Located one block off S Federal Blvd with immediate access to I‑25.
- Downtown Denver is about 4 miles away.
- Workforce‑housing corridor with 44% renter‑occupied in the submarket.
Overview
The building is located in Denver in the Barnum neighborhood, positioned along the South Federal Corridor. The site is one block off South Federal Boulevard, with immediate access to I-25, and downtown Denver is described as approximately four miles away.
The offering centers on the demand characteristics of a densest workforce-housing submarket, with the public remarks noting 44% renter-occupied conditions and undersupply at the Class C price point. The remarks also identify major local demand drivers including the Federal Center campus, Auraria higher-education campus, and Empower Field at Mile High. The corridor is further described as supported by a funded Federal Boulevard BRT initiative and a near-term reduction in the city’s supply pipeline, creating a set of converging conditions for an owner seeking to deploy a multifamily repositioning strategy.
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 | $523.0k | $26.04 |
| − Vacancy | −$31.9k | −$1.59 |
| EGI | $491.1k | $24.45 |
| − OpEx | −$221.0k | −$11.00 |
| NOI | $270.1k | $13.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.024117
- Latitude
- 39.684316
