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510 10th St 4 Unit Apartment Building $1,395,000 ($348,750/Unit) 3.23% Cap Rate Golden, CO 80401
INVESTMENT HIGHLIGHTS
- Prime Downtown Location
- Four Spacious Units
- Ample On-Site Parking
- Nearly a ¼-Acre Parcel
- In-Unit Washer/Dryers (2 beds)
- Immediate Value-Add Potential
EXECUTIVE SUMMARY
This rare four-unit investment opportunity is centrally located in the heart of downtown Golden, Colorado, sitting on a .21-acre lot in the direct path of future development. The City of Golden continues to push forward with growth initiatives, making this a prime location for long-term upside. While the property is currently under-rented and under-managed, a new owner has the opportunity to improve operations, increasing NOI —creating a cash-positive asset while planning for future redevelopment. With intrinsic land value and potential zoning benefits, this offering presents an ideal investment for those looking to capitalize on Golden’s ongoing transformation.
Investment Highlights
• Premier Location – Centrally positioned in downtown Golden, benefiting from strong demand and walkability.
• Well-Maintained Asset – No Zinsco or Federal Pacific panels; water heaters replaced in 2015 and 2017.
• Value-Add Potential – Below-market rents create an opportunity to increase NOI while planning for redevelopment.
• Development Potential – Located in the direct path of growth, offering long-term upside.
Investment Highlights
• Premier Location – Centrally positioned in downtown Golden, benefiting from strong demand and walkability.
• Well-Maintained Asset – No Zinsco or Federal Pacific panels; water heaters replaced in 2015 and 2017.
• Value-Add Potential – Below-market rents create an opportunity to increase NOI while planning for redevelopment.
• Development Potential – Located in the direct path of growth, offering long-term upside.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$67,910
|
$21.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,910
|
$21.82
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $67,910 |
| Annual Per SF | $21.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,910 |
| Annual Per SF | $21.82 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,395,000 | Apartment Style | Low-Rise |
| Price Per Unit | $348,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 3.23% | Building Size | 3,112 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1870/1970 |
| Property Subtype | Apartment | ||
| Zoning | Main Street B / C2 | ||
| Price | $1,395,000 |
| Price Per Unit | $348,750 |
| Sale Type | Investment |
| Cap Rate | 3.23% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,112 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1870/1970 |
| Zoning | Main Street B / C2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 575 |
| 2+1 | 2 | - | 775 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 30-273-06-003 | Improvements Assessment | $23,091 (2024) |
| Land Assessment | $24,262 (2024) | Total Assessment | $47,353 (2024) |
PROPERTY TAXES
Parcel Number
30-273-06-003
Land Assessment
$24,262 (2024)
Improvements Assessment
$23,091 (2024)
Total Assessment
$47,353 (2024)
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510 10th St
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