3130 W Louisiana Ave
Denver, CO 80219
Brentwood Tower · Multifamily Property For Sale · 103 Units

Brentwood Tower is a 103-unit multifamily community located at 3130 W Louisiana Avenue in the Westwood neighborhood of southwest Denver. Built in 1963, the property offers 58,722 rentable square feet across a 1.17-acre site and features an efficient mix of 31 studios, 53 one-bedrooms, 9 suites, and 10 two-bedroom units. Floor plans average 570 square feet, with larger units exceeding 900 square feet making the asset well-suited to a diverse tenant base ranging from students and young professionals to families and long-term renters.
The property has received key infrastructure upgrades in recent years, including the replacement of all vertical plumbing stacks, a dual hot water boiler system offering built-in redundancy, and active rebar reinforcement work expected to be completed within weeks. Common areas feature vinyl hallway flooring, on-site laundry facilities with six washers and dryers, and Starry-provided high-speed internet. While unit interiors remain largely original, many include hardwood floors and functional layouts, providing a strong foundation for a value-add renovation strategy.
Brentwood Tower’s location offers superior access to employment, education, and retail centers. Positioned just six miles southwest of Downtown Denver and four miles from the University of Denver, the property benefits from proximity to I-25, US-285, and RTD transit lines, including frequent bus routes and nearby light rail stations. Residents enjoy walkable access to neighborhood retail, dining options, Garfield Lake Park, and multiple schools, all contributing to high livability and long-term renter retention.
The surrounding submarket is characterized by high barriers to homeownership and strong demographics. The average household income within a one-mile radius exceeds $81,000, while the median home sale price in the area is over $440,000 resulting in ownership costs that are more than twice as high as the average rents at Brentwood Tower. This affordability gap supports enduring rent-by-necessity demand and mitigates long-term downside risk.
Operationally, the property generates over $1.43 million in effective gross income, with a year-one net operating income of $810,000 translating to a cap rate in excess of 6% based on market rents. Current in-place rents average $1,102 per unit, while market rents support an average of $1,271, creating an approximate 13% loss-to-lease and more than $200,000 in achievable upside through lease renewals and light renovations. Competing renovated assets in the immediate submarket are achieving rent premiums of $100–$200 per unit, validating the repositioning potential of Brentwood Tower.
With its strategic infill location, durable 1960s construction, stable in-place income, and a clear path to increased revenue through modernization, Brentwood Tower presents a compelling opportunity to acquire a well-located, cash-flowing multifamily asset with long-term growth potential in one of Denver’s most supply-constrained and demand-driven rental markets.