Lowell Flats 2900 Lowell Blvd 19 Unit Apartment Building $6,238,980 CAD ($328,367 CAD/Unit) 5.41% Cap Rate Denver, CO 80211

Marcus & Millichap is pleased to present 2900 Lowell Blvd, a 19-unit apartment community located in Denver's highly desirable West Highlands neighborhood. The property offers investors an opportunity to acquire a stabilized asset in one of the city's most sought after rental submarkets. Originally constructed in 1956, the property has undergone extensive renovations and features spacious one-bedroom, one-bathroom floorplans. Unit upgrades include new windows, butcher-block countertops, vinyl plank flooring, dishwashers, mini-split systems, and fresh interior paint. Capital improvements to the building include a new roof, boiler, and water heater reducing near-term maintenance risk and supporting long-term operational efficiency.
Residents benefit from off-street parking and proximity to a wide range of neighborhood amenities, including parks, retail, dining, and nightlife. Sloan's Lake, one of Denver's largest and most popular outdoor destinations, is located just blocks from the property and offers year-round recreation such as paddleboarding, kayaking, running, and biking.
The West Highlands neighborhood is known for its walkability and vibrant local scene, featuring an eclectic mix of bars, restaurants, coffee shops, and boutiques. Popular nearby destinations include El Camino Tavern and Sweet Cow Ice Cream, among many others that contribute to the area's strong tenant appeal. The investment merits of 2900 Lowell Blvd are supported by Denver's strong employment fundamentals, limited housing supply, and sustained rental demand. Its proximity to downtown Denver, combined with modern finishes and a neighborhood-oriented lifestyle, positions the property as a compelling long-term investment in a premier urban submarket.