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Denver Multifamily Investment Opportunity

2940 W Arkansas Ave, Denver, CO 80219

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For Sale

$3,600,000

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

Type:Commercial

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.
Strategic unit mix of large two‑bedroom and three‑bedroom floor plans attracts a stable, long‑term tenant base.
9.5% Cash on Cash Return.
BikeScore of 64 and WalkScore of 75.

We can help!

Listing Contact

Jim Knowlton

Learn more

For Sale

$3,600,000

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

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 3:45 pm

Property Features for 2940 W Arkansas Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1961

We can help!

Listing Contact

Jim Knowlton

Listing agent Jim Knowlton License #FA100032419

Listing office Pinnacle Real Estate Advisors

Listing date Apr 24, 2026

Source Elliman

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

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.
Strategic unit mix of large two‑bedroom and three‑bedroom floor plans attracts a stable, long‑term tenant base.
9.5% Cash on Cash Return.
BikeScore of 64 and WalkScore of 75.

Overview

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.

Location Intelligence

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Apartment buildings

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Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -105.0240133
Latitude: 39.6904299

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For sale
Apartment buildings
CO
Denver
80219
2940 W Arkansas Ave

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.