Columbine Manor 1938 S Columbine St 4 Unit Apartment Building $1,627,365 CAD ($406,841 CAD/Unit) 4.92% Cap Rate Denver, CO 80210

Columbine Manor, located at 1938 S Columbine Street in Denver, Colorado, is a well-maintained four-plex positioned in the heart of the University of Denver rental core, one of the city’s most supply-constrained and tenant-driven submarkets. The property benefits from immediate proximity to the University of Denver, a major demand anchor supporting a large and consistent population of students, faculty, staff, and young professionals, which drives strong occupancy, resilient rents, and long-term leasing stability.
Built in 1951, the property consists of three one-bedroom units, and one two-bedroom unit, all with one bathroom. Each unit features in-unit washers and dryers, providing a modern amenity package that aligns well with the expectations of university-adjacent renters. The building also offers both front and rear entrances, private yards, and four garages, an increasingly rare parking amenity in this highly walkable, infill location.
The property is zoned G-MU-3, allowing for higher-density mixed-use development, which creates meaningful long-term upside through potential redevelopment or expansion in a high-barrier, high-demand submarket. Combined with stable in-place cash flow, Columbine Manor offers investors a compelling opportunity to own a University of Denver-anchored multifamily asset with both durable income and future development optionality in one of Denver’s most sought-after neighborhoods.