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3394 W 66th Ave 4 Unit Apartment Building Offered at $1,112,463 CAD at a 5.20% Cap Rate Denver, CO 80221
Investment Highlights
- FOUR TOWNHOME-STYLE APARTMENTS BUILT IN 1983 - HUGE 1,000+ SF UNITS SPANNING TWO FLOORS
- HIGH-PERFORMING ASSET IN THE BERKLEY/ MIDTOWN CORRIDOR
- SIDE-BY-SIDE UNIT LAYOUTS AND PLENTY OF OFFSTREET PARKING
- EACH APARTMENT COMES WITH IN-UNIT WASHER AND DRYER
- LOWEST PRICE/SF CURRENTLY ON THE MARKET WITHIN A THREE MILE RADIUS
- LARGE LOT WITH POSSIBILITY OF FUTURE REDEVELOPMENT
Executive Summary
This well-maintained four-unit property presents a compelling investment opportunity in Denver. The asset is comprised of four spacious two-bedroom,
one-bath residences, each exceeding 1,000 square feet, and designed in a townhome-style layout spanning two levels. This design provides residents with
an enhanced sense of privacy and a more residential living experience compared to traditional stacked apartment units.
The property also features dedicated off-street parking and a large lot with ample outdoor space, further enhancing tenant appeal. Additionally, the location
places residents within close proximity to several of Denver’s recently redeveloped parks and expanding greenway systems, providing convenient access to
outdoor amenities and contributing to the neighborhood’s continued growth and desirability. It also sits less than 15 minutes from Downtown Denver and Golden.
Offered at just $199 per square foot, the property represents a compelling basis relative to the market. At the current list price, this equates to $77/SF
cheaper than the average price per square foot of the comparable sales, which are currently averaging roughly $277/SF. This helps create an attractive entry
point for investors seeking both stable in-place income and long-term upside.
one-bath residences, each exceeding 1,000 square feet, and designed in a townhome-style layout spanning two levels. This design provides residents with
an enhanced sense of privacy and a more residential living experience compared to traditional stacked apartment units.
The property also features dedicated off-street parking and a large lot with ample outdoor space, further enhancing tenant appeal. Additionally, the location
places residents within close proximity to several of Denver’s recently redeveloped parks and expanding greenway systems, providing convenient access to
outdoor amenities and contributing to the neighborhood’s continued growth and desirability. It also sits less than 15 minutes from Downtown Denver and Golden.
Offered at just $199 per square foot, the property represents a compelling basis relative to the market. At the current list price, this equates to $77/SF
cheaper than the average price per square foot of the comparable sales, which are currently averaging roughly $277/SF. This helps create an attractive entry
point for investors seeking both stable in-place income and long-term upside.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$89,930
|
$22.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,497
|
$1.12
|
| Effective Gross Income |
$85,434
|
$21.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$27,752
|
$6.90
|
| Net Operating Income |
$57,682
|
$14.35
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $89,930 |
| Annual Per SF | $22.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,497 |
| Annual Per SF | $1.12 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $85,434 |
| Annual Per SF | $21.25 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,752 |
| Annual Per SF | $6.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $57,682 |
| Annual Per SF | $14.35 |
Property Facts
| Price | $1,112,463 CAD | Lot Size | 0.37 AC |
| Price Per Unit | $278,116 CAD | Building Size | 4,020 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.20% | Year Built | 1983 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $1,112,463 CAD |
| Price Per Unit | $278,116 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.37 AC |
| Building Size | 4,020 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 1,005 - 1,010 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1825-05-3-19-042 | Improvements Assessment | $63,701 CAD |
| Land Assessment | $12,182 CAD | Total Assessment | $75,883 CAD |
Property Taxes
Parcel Number
1825-05-3-19-042
Land Assessment
$12,182 CAD
Improvements Assessment
$63,701 CAD
Total Assessment
$75,883 CAD
(303) 962-9555
x150
Contacts
-
Quentin Shore -
Debbie Brinkman -
Jennifer King -
Pinnacle Real Estate Advisors
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3394 W 66th Ave
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