Denver Apartments with Development
4510 W Saint Clair Pl Denver, CO 80212
4510 W Saint Clair Pl, Denver, CO, 80212
$7,750,000
For Sale
$7,750,000
42-unit apartment building on 2.66 acres near downtown Denver.
Property Size28,728 SF
Price / SF$269.77
Days on Market238
Property Features for 4510 W Saint Clair Pl
General Information
- Standard status
- Active
- Size
- 28,728 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing Agency
Pinnacle Real Estate Advisors
(970) 946-9365
Listed by
Robert Lawson · License #100001038
(970) 946-9365
Source
Pinnaclerea
Added: Nov 21, 2025 Checked: Jul 17 at 3:51 am
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.
Saint Clair Place Apartments is a 42-unit apartment building constructed in 1973, situated in Northwest Denver. The building features an all-brick, exterior walk-up design and includes thirty-four one-bed/one-bath units and eight two-bed/one-bath units. There are 60 parking spaces available on-site. Three units have been significantly updated, with twenty units featuring stainless steel appliances. The remaining units have been well maintained. The property includes oversized living and dining rooms, large bedrooms, two separate on-site laundry facilities, and elevator access. A central courtyard offers picnic tables, grills, and bench seating. Located on a 2.66-acre lot, the property has a large open area on the west portion of the parcel that could be developed with additional units. The property is located five miles from downtown Denver in the Regis/Berkeley/Lakeside submarket, known for Berkeley Lake and Rocky Mountain Lake. The area combines old homes with renovated buildings, modern townhomes, row houses, old-school bungalows, and Tudor-style homes. The lakes offer playgrounds, picnic spots, and walking trails. The Tennyson Street cultural district features boutiques, bookstores, coffee shops, bars with live music, restaurants, and art galleries. The property is located on a quiet cul-de-sac with a rural park-like setting.
Key Highlights
- Significant value‑add opportunity through unit modernization and updates for increased rental income.
- Large 2.66‑acre lot with potential for future development of additional units.
- Abundant parking with 60 spaces onsite.
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 | $844.6k | $29.40 |
| − Vacancy | −$51.5k | −$1.79 |
| EGI | $793.1k | $27.61 |
| − OpEx | −$356.9k | −$12.42 |
| NOI | $436.2k | $15.18 |
28,728 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.23M
$5.45M – $7.27M
NOI $436,195 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.15M
$8.00M – $10.67M
NOI $640,161 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 42-unit apartment building on 2.66 acres near downtown Denver.
Where is this apartment building located?
The property is located at 4510 W Saint Clair Pl Denver, CO.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Significant value‑add opportunity through unit modernization and updates for increased rental income.; Large 2.66‑acre lot with potential for future development of additional units.; Abundant parking with 60 spaces onsite.
