15-Unit Apartment
For Sale
Contact for pricing
4370 E Montana Pl, Denver, CO 80222
Three matching buildings offer townhome-style residences, garden-level apartments, shared laundry, storage, and off-street parking.
Property Size17,082 SF
Price / SF$219.53
Days on Market202
Property Features for 4370 E Montana Pl
General Information
Standard status
Active
Size
17,082 SF
Property subtype
Multifamily
Zoning
S-SU-D
Net Operating Income
$223,381
Building Details
Year Built
1954
Units
15
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Dan Hawthorne · License #FA 100085522
(406) 531-4246
Source:
Crexi
Added: Mar 31
Changed: Oct 16
Last Checked: Oct 16 at 8:50AM
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 NORTHPEAK Commercial Advisors
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Investment Insights
Based on property information with market context.
This 15-unit apartment property consists of three matching five-unit buildings constructed in 1954. The unit mix includes twelve two-story, townhome-style 2Bd/1Ba residences measuring 949 SF each and three garden-level 2Bd/1Ba units measuring 768 SF. Townhome layouts place living and kitchen areas on the main level, with two bedrooms and a full bathroom upstairs. The property totals 17,082 SF across two parcels totaling 33,600 SF.
Resident amenities include shared laundry with five washer/dryer sets in each building, private storage lockers of approximately 226 SF each, outdoor common areas with mature cherry trees, and off-street parking at a 1:1 ratio. The property is located at 4370 E Montana Pl and 4381 E Montana Place in Denver’s Virginia Village neighborhood and carries S-SU-D zoning.
Resident amenities include shared laundry with five washer/dryer sets in each building, private storage lockers of approximately 226 SF each, outdoor common areas with mature cherry trees, and off-street parking at a 1:1 ratio. The property is located at 4370 E Montana Pl and 4381 E Montana Place in Denver’s Virginia Village neighborhood and carries S-SU-D zoning.
Key Highlights
- 15‑unit apartment property across three five‑unit buildings
- Twelve 2Bd/1Ba townhome residences at 949 SF each
- Three garden‑level 2Bd/1Ba apartments at 768 SF each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,367
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,187,340
$5.2M
Cap Rate 7%
$3,705,243
$3.7M
Cap Rate 9%
$2,881,856
$2.9M
Market Conditions
NOI Build-Up for 17,082 SF
Gross rent
$502.2K $29.40/SF
− Vacancy
−$30.6K −$1.79/SF
EGI
$471.6K $27.61/SF
− OpEx
−$212.2K −$12.42/SF
NOI
$259.4K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,187,340
Cap Rate 7%
$3,705,243
Cap Rate 9%
$2,881,856
Alternative Uses
Best Use
Apartment 5plus
$3.71M
$3.24M – $4.32M
NOI $259,367 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.44M
$4.76M – $6.34M
NOI $380,647 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,382
Businesses Nearby
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Business Placement
Demographics for 80222, CO
22,381
Population
11,625
Households
1.9
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,890
Density / Sq Mi
$85,354
Median Household Income
$57,833
Median Earnings
$1,715
Median Rent
$596,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three matching buildings offer townhome-style residences, garden-level apartments, shared laundry, storage, and off-street parking.
Where is this apartment building located?
The property is located at 4370 E Montana Pl Denver, CO.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 15‑unit apartment property across three five‑unit buildings; Twelve 2Bd/1Ba townhome residences at 949 SF each; Three garden‑level 2Bd/1Ba apartments at 768 SF each
