2479 S Broadway Denver, CO 80210
10 Beds
10 Baths
6,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $416
Subdivision Breenlow Subdivision Of South Denver
MLS Listing ID 6523085
Bedrooms 10
HOA Y/N No
Abv Grd Liv Area 6,000
Year Built 2025
Annual Tax Amount $5,749
Tax Year 2024
Property Sub-Type Quadruplex
Source recolorado
Property Description
This offering presents a rare opportunity to acquire brand-new product at a basis established before stabilization. Investors can step into the asset during final stages of construction, with flexibility to close prior to or at certificate of occupancy, while influencing lease-up execution and retail tenanting strategy. In a market where most new construction trades only after full delivery and stabilization, this timing creates a differentiated entry point.
At a list price of $2,500,000, or $250,000 per unit and $373 per square foot, the asset is priced below recent new construction comparables, averaging approximately $288,000 per unit and $493 per square foot. This pricing provides a favorable basis relative to replacement cost, particularly given rising construction costs and barriers to new infill development.
The property's position along South Broadway offers immediate access to one of Denver's most established retail and dining corridors, with strong connectivity to Downtown, the University of Denver, and the I-25 employment corridor. The submarket is defined by limited developable sites, fragmented ownership, and increasing difficulty in delivering new product at competitive economics, supporting long-term rent growth and appreciation.
From an operational standpoint, the asset benefits from modern construction and an efficient unit mix of one-bedroom residences averaging approximately 600 square feet. The streamlined design supports ease of management, while new building systems and limited near-term capital requirements allow ownership to focus on lease-up and cash flow rather than renovation execution.
Location
State CO
County Denver
Zoning U-MX-3
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Roof Type Unknown
Garage No
Building
Sewer Public Sewer
Level or Stories Three Or More
Structure Type Vinyl Siding
Schools
Elementary Schools Asbury
Middle Schools Denver Montessori
High Schools South
School District Denver 1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA