Denver Multifamily Investment Opportunity

3600 South Lowell Boulevard Denver, CO 80236

Claim this Listing
For Sale
$5,400,000

Well-maintained 30-unit mid-rise in Denver with rental upside.

Type:Multifamily
Property size:
24,360 SF
Price / SF:
$221/SF
Added:
Nov 21, 2025
Days on Market:
232
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 office Pinnacle Real Estate Advisors

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


Investment Insights

Based on property information with market context.

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.

Key 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

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 (±1% cap)
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 (±1% cap)
NOI $542,827 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hawk pointe apartments Apartment Building

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Nail Salon Hair Salon Spa & Massage Center Skin Care Clinic Grocery & Convenience Store Food Market

Zoning and permitted uses should be independently verified with local authorities.

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
Contact an agent
More about this property
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