Individually Deeded Townhome
For Sale
$4,300,000
303 - 375 East Ohio Avenue, Denver, CO 80209
Thirteen 2021-built townhomes with private entries and attached two-car garages, each with tenant-paid utilities.
Property Size18,936 SF
Days on Market116
Property Features for 303 - 375 East Ohio Avenue
General Information
Standard status
Active
Size
18,936 SF
Property subtype
Multifamily
Building Details
Building Size
18,936 SF
Year Built
2006
Listed By:
Phil Dankner · License #CO FA.100052493
(303) 931-0793
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 16
Last Checked: Oct 16 at 8:08AM
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 Phil Dankner
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Investment Insights
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The Fountain Village Townhomes include 13 individually deeded units completed in 2021. The build-to-rent design combines a multifamily-style operating framework with the ability to dispose of units individually. Each home is configured with a private entry and an attached two-car garage, with select units offering patios, sliding glass doors, or private decks. Units also feature stainless-steel appliances, vinyl flooring, hard-surface countertops, and updated bathroom tiling. Tenant-paid utilities are separated per unit, with the sprinkler system as the only utility expense covered by ownership. The HOA is fully controlled by ownership and does not currently charge monthly dues. A new Class 4 asphalt shingle roof was installed in May 2025.
Located in the historic downtown district of Fountain, Colorado, the community is described as just off Santa Fe Avenue, providing easy access to downtown Fountain, I-25, and nearby employment centers. The area is supported by military employment at Fort Carson.
This property may appeal to investors or owner-operators seeking a modern, deeded townhome portfolio with separated unit utilities and streamlined common expenses. The individually deeded structure also supports multiple disposition strategies, and the fact that half of the original development has already been sold individually demonstrates a defined exit pathway for this format.
Located in the historic downtown district of Fountain, Colorado, the community is described as just off Santa Fe Avenue, providing easy access to downtown Fountain, I-25, and nearby employment centers. The area is supported by military employment at Fort Carson.
This property may appeal to investors or owner-operators seeking a modern, deeded townhome portfolio with separated unit utilities and streamlined common expenses. The individually deeded structure also supports multiple disposition strategies, and the fact that half of the original development has already been sold individually demonstrates a defined exit pathway for this format.
Key Highlights
- Fountain Village Townhomes: 13 individually deeded townhome units built in 2021
- BTR design with individually deeded units for flexibility between future condo‑style exit or individual residential sales
- Each unit has a private entry and an attached two‑car garage; select units offer patios, sliding glass doors, or private decks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,517
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,750,340
$5.8M
Cap Rate 7%
$4,107,386
$4.1M
Cap Rate 9%
$3,194,633
$3.2M
Market Conditions
NOI Build-Up for 18,936 SF
Gross rent
$556.7K $29.40/SF
− Vacancy
−$34.0K −$1.79/SF
EGI
$522.8K $27.61/SF
− OpEx
−$235.2K −$12.42/SF
NOI
$287.5K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,750,340
Cap Rate 7%
$4,107,386
Cap Rate 9%
$3,194,633
Alternative Uses
Best Use
Apartment 5plus
$4.11M
$3.59M – $4.79M
NOI $287,517 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.03M
$5.27M – $7.03M
NOI $421,961 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
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Business Placement
Demographics for 80209, CO
27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Thirteen 2021-built townhomes with private entries and attached two-car garages, each with tenant-paid utilities.
Where is this apartment building located?
The property is located at 303 - 375 East Ohio Avenue Denver, CO.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Fountain Village Townhomes: 13 individually deeded townhome units built in 2021; BTR design with individually deeded units for flexibility between future condo‑style exit or individual residential sales; Each unit has a private entry and an attached two‑car garage; select units offer patios, sliding glass doors, or private decks
