Multifamily Property with Development
4500 West 16th Avenue, Denver, CO 80204
For Sale
Contact for pricing
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 Market60
Property Features for 4500 West 16th Avenue
General Information
Standard status
Lot size
Property subtype
Zoning
Listing Agency:
Capital Property Group
Listed By:
Brent Ryerson · License #CO EA.040029140
(303) 725-4442
Source:
Crexi
Added: Sep 11
Changed: Nov 4
Last Checked: Nov 8 at 7:07AM
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
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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
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
$579,900
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Denver, CO
Properties on Market for Multifamily properties in Denver
Vacancy Rate% for Multifamily in West region
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
