Multifamily Property with Development
New
For Sale
Contact for pricing
4500 West 16th Avenue, Denver, CO 80204
Corner-lot rental property with U-RH-3A zoning and Sloan’s Lake Park one block away.
Property SizeContact for details
Lot Size0.22 Acres
Days on Market7
Property Features for 4500 West 16th Avenue
General Information
Standard status
Active
Lot size
0.22 Acres
Property subtype
Multifamily
Zoning
U-RH-3A
Listing Agency:
Capital Property Group
Listed By:
Brent Ryerson · License #CO EA.040029140
(303) 502-7333
Source:
Crexi
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 16 at 2:45PM
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 Capital Property Group
Investment Insights
Based on property information with market context.
This multifamily property occupies a 9,370-square-foot corner site with U-RH-3A zoning and existing rental units. The configuration supports current residential income while preserving future redevelopment potential under the stated land-use designation. Two units are currently occupied by family members, and the resident in the two-bedroom unit is scheduled to vacate by the end of October. At market rents, the property is projected to support an estimated 4.5% cap rate.
The property is located one block from Sloan’s Lake Park in Denver. The City of Denver plans improvements to the park, including shoreline restoration and water-quality work. Its corner setting, established residential use, and proximity to the park combine current rental operations with a documented development-oriented land position.
The property is located one block from Sloan’s Lake Park in Denver. The City of Denver plans improvements to the park, including shoreline restoration and water-quality work. Its corner setting, established residential use, and proximity to the park combine current rental operations with a documented development-oriented land position.
Key Highlights
- 9,370‑square‑foot corner site
- U‑RH‑3A zoning
- Existing multifamily rental units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 80204, CO
35,269
Population
18,378
Households
1.9
Avg Household Size
33
Median Age
51%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$79,265
Median Household Income
$58,860
Median Earnings
$1,724
Median Rent
$579,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Corner-lot rental property with U-RH-3A zoning and Sloan’s Lake Park one block away.
Where is this multifamily property located?
The property is located at 4500 West 16th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 9,370‑square‑foot corner site; U‑RH‑3A zoning; Existing multifamily rental units
