Remodeled Multifamily Building with Nine
3530 W Lehigh Avenue, Denver, CO 80236
Meticulously remodeled nine-unit multifamily building with modern amenities and high occupancy.
Type:Commercial/Industrial
Property size:
9,720 SFLot size:
0.25 AcresPrice / SF:
$216/SF- Added:
- Mar 12, 2026
- Days on Market:
- 83
- Last Refresh:
- Apr 6 at 2:49 am
Property Features for 3530 W Lehigh Avenue
General Information
- Standard status
- Active
- Size
- 9,720 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1972
Listing agent Christel Doremieux License #100041549
Listing office HomeSmart (303) 858-8100
Listing date Mar 12, 2026
Source Exitrealty
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 HomeSmart
HighLights
- Assumable loan at a competitive rate of 3.36% through March 2031.
- Meticulously remodeled in 2020 with new kitchens, updated bathrooms, new flooring, in‑unit washer/dryer, and wall‑mounted A/C units.
- Nine units (three 2‑bedroom, six 1‑bedroom) with 100% occupancy since September 2020, ensuring steady cash flow.
- Recent upgrades include new fire sprinklers with monitoring, new plumbing, new electrical system and new sewer line.
- Prime location: close to public transportation and River Point shopping center.
- Ample parking: nine dedicated spots plus street parking; includes a bike rack.
Overview
This multi-family building features nine units, comprising three 2-bedroom units and six 1-bedroom units. The property was remodeled in 2020, with each unit featuring updated bathrooms, new flooring, and in-unit washer and dryer. The kitchens include new cabinets, stainless steel appliances, and granite countertops. Wall-mounted A/C units are installed in each unit. One unit includes handicap ramp access. Recent upgrades include new fire sprinklers with monitoring, new plumbing, a new electrical system, and a new sewer line. The property has a bike rack and provides nine dedicated parking spots, plus street parking. The property has maintained a 100% occupancy rate since September 2020. Public transportation is nearby, with the Light rail 5 minutes away and a bus stop 1 minute away. The River Point shopping center is 5 minutes away. The property has a current rental license. An assumable loan is available at a rate of 3.36% through March 2031. The property size is 9720 square feet.
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 | $285.8k | $29.40 |
| − Vacancy | −$17.4k | −$1.79 |
| EGI | $268.3k | $27.61 |
| − OpEx | −$120.8k | −$12.42 |
| NOI | $147.6k | $15.18 |
9,720 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.11M
$1.84M – $2.46M
NOI $147,585 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.71M – $3.61M
NOI $216,596 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Colorado Social Research ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.034
- Latitude
- 39.6479
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FAQs
What type of property is this?
Apartment building - Meticulously remodeled nine-unit multifamily building with modern amenities and high occupancy.
Where is this apartment building located?
The property is located at 3530 W Lehigh Avenue Denver, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Assumable loan at a competitive rate of 3.36% through March 2031.; **Meticulously remodeled in 2020 with new kitchens, updated bathrooms, new flooring, in‑unit washer/dryer, and wall‑mounted A/C units.**; Nine units (three 2‑bedroom, six 1‑bedroom) with 100% occupancy since September 2020, ensuring steady cash flow.
