Westminster Apartment Building
3485 W 68th Avenue Denver, CO 80221
3485 W 68th Avenue, Denver, CO, 80221
$1,905,000
For Sale
$1,905,000
16-unit apartment building in Westminster.
Property Size9,240 SF
Price / SF$206.17
Days on Market237
Property Features for 3485 W 68th Avenue
General Information
- Standard status
- Active
- Size
- 9,240 SF
- Property subtype
- Multifamily
Listing Agency
Pinnacle Real Estate Advisors
(303) 962-9559
Listed by
Josh Newell · License #FA100001439
Source
Pinnaclerea
Added: Nov 21, 2025 Checked: Jul 16 at 2:40 am
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.
This is a 16-unit apartment building located in Westminster. The property, which has been sold, has a size of 9240 square feet.
Key Highlights
- 16 Unit Apartment Building
- Westminster Location
- Apartment Building
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 | $271.7k | $29.40 |
| − Vacancy | −$16.6k | −$1.79 |
| EGI | $255.1k | $27.61 |
| − OpEx | −$114.8k | −$12.42 |
| NOI | $140.3k | $15.18 |
9,240 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.00M
$1.75M – $2.34M
NOI $140,297 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,900 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 16-unit apartment building in Westminster.
Where is this apartment building located?
The property is located at 3485 W 68th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,905,000.
What are key features of this property?
This property features: 16 Unit Apartment Building; Westminster Location; Apartment Building
