Denver Multifamily Investment
For Sale
$3,600,000
Pending
2940 W Arkansas Ave, Denver, CO 80219
High-demand Denver submarket with strong cash flow and value-add potential.
Days on Market100
Property Features for 2940 W Arkansas Ave
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9543
Listed By:
Jim Knowlton · License #FA100032419
(303) 962-9543
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 3:37PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 80219, CO
61,585
Population
21,729
Households
2.8
Avg Household Size
33
Median Age
22%
College-Educated
72%
High-School Grad
7.4 sq mi
ZIP Area
8,322
Density / Sq Mi
$67,325
Median Household Income
$41,153
Median Earnings
$1,464
Median Rent
$426,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
