True Townhome
359 Warren Avenue Silverthorne, CO 80498
359 Warren Avenue, Silverthorne, CO, 80498
Contact for pricing
For Sale
Contact for pricing
13-unit townhome community with attached two-car garages and recent capital improvements across three buildings.
Property Size15,002 SF
Price / SF$483.27
Days on Market72
Property Features for 359 Warren Avenue
General Information
- Standard status
- Active
- Size
- 15,002 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1998
Listing agency
MMG
(303) 918-8909
Listed by
Adam Riddle · License #CO 100024441
Source
Crexi
Added: May 13 Updated: Jul 22 at 3:32PM Checked: Jul 22 at 3:32PM
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 MMG
Investment Insights
Based on property information with market context.
Warren Avenue Townhomes is a 13-unit true townhome community in Silverthorne, Colorado, arranged across three buildings. The property features 100% two-bath units and attached two-car garages at every unit.
Recent ownership capital improvements have addressed multiple exterior and interior systems and finishes, including a brand-new roof and gutters, heat trace, exterior paint, LVP flooring, and garage doors across all three buildings. Ownership has invested over $600,000 in improvements within the last two years.
The property is presented with a free-and-clear debt structure. This combination of unit configuration and completed upgrades supports a stabilized multifamily income profile for an investor or owner-operator.
Recent ownership capital improvements have addressed multiple exterior and interior systems and finishes, including a brand-new roof and gutters, heat trace, exterior paint, LVP flooring, and garage doors across all three buildings. Ownership has invested over $600,000 in improvements within the last two years.
The property is presented with a free-and-clear debt structure. This combination of unit configuration and completed upgrades supports a stabilized multifamily income profile for an investor or owner-operator.
Key Highlights
- 13‑unit true townhome community built in 1998
- 100% of units have 2 bathrooms
- Each unit includes an attached two‑car garage
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 | $441.1k | $29.40 |
| − Vacancy | −$21.2k | −$1.41 |
| EGI | $419.9k | $27.99 |
| − OpEx | −$188.9k | −$12.59 |
| NOI | $230.9k | $15.39 |
15,002 SF · lease $29.40/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.30M
$2.89M – $3.85M
NOI $230,938 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$298.60M
$261.27M – $348.36M
NOI $20,901,763 @ 7.0% cap · market cap 288.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 13-unit townhome community with attached two-car garages and recent capital improvements across three buildings.
Where is this apartment building located?
The property is located at 359 Warren Avenue Silverthorne, CO.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: 13‑unit true townhome community built in 1998; 100% of units have 2 bathrooms; Each unit includes an attached two‑car garage
