Updated-Interior Apartment
For Sale
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5661 West Green Meadows Place, Denver, CO 80227
Multifamily property with a varied unit mix, refreshed interiors, and a full amenity package.
Property Size19,914 SF
Price / SF$188.31
Days on Market140
Property Features for 5661 West Green Meadows Place
General Information
Standard status
Active
Size
19,914 SF
Total Parking Spaces
30
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$151,611
Building Details
Year Built
1969
Year Renovated
2024
Buildings
1
Stories
3
Units
30
Tenancy
Multi
Listing Agency:
MMG
Listed By:
Kevin Woolsey · License #FA.100079114
(303) 990-4361
Source:
Crexi
Added: Jun 1
Changed: Oct 10
Last Checked: Oct 16 at 7:13AM
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 MMG
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Investment Insights
Based on property information with market context.
This 19,914-square-foot apartment property contains a diverse unit mix within a 1969-built multifamily asset. Updated interiors and a full amenity package are among the property’s documented features.
Located at 5661 West Green Meadows Place in Denver, the property is positioned in the Bear Creek/Marston submarket of southwest Denver. The Denver Federal Center, CommonSpirit St. Anthony Hospital, and the Belmar lifestyle district are each identified as nearby demand drivers.
Located at 5661 West Green Meadows Place in Denver, the property is positioned in the Bear Creek/Marston submarket of southwest Denver. The Denver Federal Center, CommonSpirit St. Anthony Hospital, and the Belmar lifestyle district are each identified as nearby demand drivers.
Key Highlights
- 19,914‑square‑foot apartment property
- Built in 1969
- Diverse unit mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,367
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,047,340
$6.0M
Cap Rate 7%
$4,319,529
$4.3M
Cap Rate 9%
$3,359,633
$3.4M
Market Conditions
NOI Build-Up for 19,914 SF
Gross rent
$585.5K $29.40/SF
− Vacancy
−$35.7K −$1.79/SF
EGI
$549.8K $27.61/SF
− OpEx
−$247.4K −$12.42/SF
NOI
$302.4K $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%
$6,047,340
Cap Rate 7%
$4,319,529
Cap Rate 9%
$3,359,633
Alternative Uses
Best Use
Apartment 5plus
$4.32M
$3.78M – $5.04M
NOI $302,367 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.34M
$5.55M – $7.40M
NOI $443,754 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 80227, CO
35,567
Population
16,509
Households
2.2
Avg Household Size
39
Median Age
44%
College-Educated
93%
High-School Grad
10.8 sq mi
ZIP Area
3,293
Density / Sq Mi
$88,796
Median Household Income
$55,937
Median Earnings
$1,786
Median Rent
$535,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a varied unit mix, refreshed interiors, and a full amenity package.
Where is this apartment building located?
The property is located at 5661 West Green Meadows Place 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: 19,914‑square‑foot apartment property; Built in 1969; Diverse unit mix
