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Pam Gardens 2929 W Colorado Ave 23 Unit Apartment Building $3,460,000 ($150,435/Unit) 7.07% Cap Rate Denver, CO 80219
Investment Highlights
- Prime South Federal Corridor Location
- Deep, Stable Workforce Renter Pool
- Immediate Access to Major Denver Demand Drivers
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire 2929 W Colorado Avenue, a 23-unit value-add multifamily asset located in Denver's Barnum neighborhood along the high-demand South Federal Corridor. Situated one block off South Federal Boulevard with immediate access to I-25 and downtown Denver four miles away, the property sits at the center of one of the metro's densest workforce-housing submarkets — 44% renter-occupied, undersupplied at the Class C price point, and
anchored by major demand drivers including the Federal Center campus, Auraria higher-education campus, and Empower Field at Mile High. With Denver's supply pipeline collapsing to a decade low and the funded Federal Boulevard BRT repricing the corridor ahead of 2030 service, a new owner acquires reset basis with multiple converging
catalysts already in motion.
anchored by major demand drivers including the Federal Center campus, Auraria higher-education campus, and Empower Field at Mile High. With Denver's supply pipeline collapsing to a decade low and the funded Federal Boulevard BRT repricing the corridor ahead of 2030 service, a new owner acquires reset basis with multiple converging
catalysts already in motion.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,460,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,435 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 7.07% | Building Size | 20,085 SF |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1961/2013 |
| Property Subtype | Apartment | Parking Ratio | 0.35/1,000 SF |
| Zoning | R4 | ||
| Price | $3,460,000 |
| Price Per Unit | $150,435 |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 20,085 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1961/2013 |
| Parking Ratio | 0.35/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
- Refrigerator
- Sprinkler System
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,100 | 675 |
| 2+1 | 21 | $1,350 | 850 |
1 1
Fairly walkable
40/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5204-04-046 | Improvements Assessment | $18,640 (2025) |
| Land Assessment | $18,640 (2025) | Total Assessment | $320,890 (2025) |
Property Taxes
Parcel Number
5204-04-046
Land Assessment
$18,640 (2025)
Improvements Assessment
$18,640 (2025)
Total Assessment
$320,890 (2025)
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Pam Gardens | 2929 W Colorado Ave
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