Deeded Townhome Rental
For Sale
$4,395,000
5151 W 10th Ave, Denver, CO 80204
11 individually deeded townhomes built in 2020 with in-unit laundry, air conditioning, and select garages.
Property Size10,622 SF
Days on Market108
Property Features for 5151 W 10th Ave
General Information
Standard status
Active
Size
10,622 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
11
Building Details
Building Size
10,622 SF
Year Built
2020
Tenancy
Multi
Listed By:
Phil Dankner · License #CO FA.100052493
(303) 931-0793
Source:
Uniqueprop
Added: Jun 25
Changed: Oct 7
Last Checked: Oct 9 at 5:39PM
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 Phil Dankner
Investment Insights
Based on property information with market context.
5151-5171 W 10th Ave is a for-sale multifamily property consisting of 11 modern, individually deeded townhome units constructed in November 2020. The unit mix includes six 2-bedroom, 2.5-bath residences, two 2-bedroom, 2-bath residences, and three 1-bedroom, 1.5-bath residences. Nine units include garages. Each unit is equipped with an in-unit washer and dryer, along with air conditioning and heating.
The property is located on W 10th Ave with convenience to Sheridan and proximity to 6th Ave and the Colfax corridor, providing accessibility throughout the greater metropolitan area. It is also described as being just a few blocks from RTD, supporting connections to the city.
This configuration can support buyers looking for a newer townhome-style income asset with a defined unit mix and in-unit laundry, HVAC, and garages on a majority of the homes. With all units individually deeded, the structure may also appeal to operators or investors seeking a property comprised of separate townhome units while maintaining a single ownership position.
The property is located on W 10th Ave with convenience to Sheridan and proximity to 6th Ave and the Colfax corridor, providing accessibility throughout the greater metropolitan area. It is also described as being just a few blocks from RTD, supporting connections to the city.
This configuration can support buyers looking for a newer townhome-style income asset with a defined unit mix and in-unit laundry, HVAC, and garages on a majority of the homes. With all units individually deeded, the structure may also appeal to operators or investors seeking a property comprised of separate townhome units while maintaining a single ownership position.
Key Highlights
- 11 individually deeded townhome units built in 2020 (constructed November 2020)
- Unit mix: six 2‑bed/2.5‑bath, two 2‑bed/2‑bath, and three 1‑bed/1.5‑bath units
- All units include in‑unit washer and dryer plus air conditioning and heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,281
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,225,620
$3.2M
Cap Rate 7%
$2,304,014
$2.3M
Cap Rate 9%
$1,792,011
$1.8M
Market Conditions
NOI Build-Up for 10,622 SF
Gross rent
$312.3K $29.40/SF
− Vacancy
−$19.0K −$1.79/SF
EGI
$293.2K $27.61/SF
− OpEx
−$132.0K −$12.42/SF
NOI
$161.3K $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%
$3,225,620
Cap Rate 7%
$2,304,014
Cap Rate 9%
$1,792,011
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.02M – $2.69M
NOI $161,281 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,696 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 11 individually deeded townhomes built in 2020 with in-unit laundry, air conditioning, and select garages.
Where is this apartment building located?
The property is located at 5151 W 10th Ave Denver, CO.
What is the asking price?
The asking price for this property is $4,395,000.
What are key features of this property?
This property features: 11 individually deeded townhome units built in 2020 (constructed November 2020); Unit mix: six 2‑bed/2.5‑bath, two 2‑bed/2‑bath, and three 1‑bed/1.5‑bath units; All units include in‑unit washer and dryer plus air conditioning and heating
