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Aria Denver Townhomes 2900 – 2940 W Parkside Place 9 Unit Apartment Building $4,990,000 ($554,444/Unit) 5.69% Cap Rate Denver, CO 80221

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INVESTMENT HIGHLIGHTS

  • Gorgeous new construction townhomes
  • Easy Access throughout Denver great for renters
  • Strong Rental Market and Highly Desirable Location

EXECUTIVE SUMMARY

This rare portfolio of 9 brand-new, fully-leased, individually deeded townhomes in the Aria Denver development offers an incredible opportunity for investors seeking strong rental income, long-term appreciation, and exit flexibility. Each unit is leased and income-producing, delivering immediate cash flow. Investors can also take advantage of 100% bonus depreciation to maximize first-year tax benefits (please consult with a CPA or tax professional). With no HOA-imposed short-term rental restrictions, these townhomes can be converted into licensed nightly Airbnb units to further boost returns.
Located just minutes from Downtown Denver and adjacent to Regis University, Aria Denver is ideally positioned near Tennyson Street, LoHi, RiNo, and the Highlands. With quick access to US-36 and I-25, residents enjoy easy commuting to Westminster, Broomfield, and Boulder County. The surrounding neighborhoods are vibrant and highly desirable, appealing to long-term renters, traveling professionals, and university affiliates alike.
Each home features 2 bedrooms, 2.5 bathrooms, an office/flex room that can be used or converted into a third conforming bedroom, and attached garage parking. These homes are individually platted, giving investors the flexibility to hold them as a stabilized portfolio or sell them off individually over time.
This is a rare opportunity to own a turn-key, appreciating portfolio in one of Denver’s fastest-growing residential hubs.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $340,200 $20.04
Other Income - -
Vacancy Loss - -
Effective Gross Income $340,200 $20.04
Taxes $25,200 $1.48
Operating Expenses $30,906 $1.82
Total Expenses $56,106 $3.30
Net Operating Income $284,094 $16.73

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $340,200
Annual Per SF $20.04
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $340,200
Annual Per SF $20.04
Taxes
Annual $25,200
Annual Per SF $1.48
Operating Expenses
Annual $30,906
Annual Per SF $1.82
Total Expenses
Annual $56,106
Annual Per SF $3.30
Net Operating Income
Annual $284,094
Annual Per SF $16.73

PROPERTY FACTS

Price $4,990,000
Price Per Unit $554,444
Sale Type Investment
Cap Rate 5.69%
Sale Condition 1031 Exchange
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class A
Lot Size 0.92 AC
Building Size 16,980 SF
No. Stories 3
Year Built 2024
Zoning R-MU-30

AMENITIES

SITE AMENITIES

  • Fitness Center
  • Cabana
  • Bicycle Storage
  • Pet Washing Station
  • Zen Garden

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2.5 9 - 1,694 - 1,704
Walk Score®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2171-00-168
Land Assessment
$109,560 (2024)
Improvements Assessment
$2,685,180 (2024)
Total Assessment
$2,794,740 (2024)
Annual Taxes
$25,200 ($1.48/SF)
Tax Year
2025
  • Listing ID: 32044907

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 2900 – 2940 W Parkside Place, Denver, CO 80221

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