Denver Multifamily Investment
3600 South Lowell Boulevard, Denver, CO 80236
Well-maintained 30-unit mid-rise in Denver with rental upside.
Type:Multifamily
Property size:
24,360 SFPrice / SF:
$221/SF- Added:
- Nov 21, 2025
- Days on Market:
- 193
- Last Refresh:
- May 19 at 8:49 pm
Property Features for 3600 South Lowell Boulevard
General Information
- Standard status
- Active
- Size
- 24,360 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1974
Listing agent Jim Knowlton License #FA100032419 (719) 651-8495
Listing office Pinnacle Real Estate Advisors (719) 651-8495
Listing date Nov 21, 2025
Source Pinnaclerea
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
HighLights
- 24,360 SF building with 30 units in the Denver area
- Significant rental upside in as‑is condition
- Over 50% of the units have been updated
- Prime location with easy access to Denver's urban center, Hwy 285, and I‑25
- Low maintenance building on 0.62 acres
- Newer windows and newer boiler
Overview
This well-maintained multifamily mid-rise property is located in the Denver area. Constructed in 1974, the building spans 24,360 square feet and comprises 30 units. The property is situated in close proximity to attractions such as Marston Lake and the Rocky Mountains. Residents can access shopping and dining at River Point at Sheridan and entertainment at the Gothic Theatre. The location offers convenient access to Hwy 285 and I-25, and is a 10-minute drive to Englewood or Downtown Littleton. The property is located directly across the street from Mullen High School. Situated on 0.62 acres, the building is low maintenance. Over 50% of the units have been updated, and the property features newer windows and a newer boiler. Significant rental upside exists in as-is condition, presenting a compelling investment prospect for investors seeking to capitalize on the dynamic market in the Denver area.
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 | $716.2k | $29.40 |
| − Vacancy | −$43.7k | −$1.79 |
| EGI | $672.5k | $27.61 |
| − OpEx | −$302.6k | −$12.42 |
| NOI | $369.9k | $15.18 |
24,360 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.28M
$4.62M – $6.16M
NOI $369,873 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.75M
$6.79M – $9.05M
NOI $542,827 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Hawk pointe apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.034
- Latitude
- 39.6507
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 30-unit mid-rise in Denver with rental upside.
Where is this apartment building located?
The property is located at 3600 South Lowell Boulevard Denver, CO.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 24,360 SF building with 30 units in the Denver area; Significant rental upside in as‑is condition; Over 50% of the units have been updated
