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4370 E Montana Pl - 4370 & 4381 E Montana Place 15 Unit Apartment Building Offered at $5,204,287 CAD at a 5.96% Cap Rate Denver, CO 80222
Investment Highlights
- Excellent location in Denver within the established Virginia Village neighborhood
- Strong value-add opportunity with significant upside potential
- Separately metered electricity, 100-amps per unit
- Long-term ownership, well-maintained asset
- Favorable seller financing available, terms negotiable
- Shared laundry facilities with 5 washer/dryer sets per building (not coin operated)
Executive Summary
4370 & 4381 E. Montana Place presents a rare opportunity to acquire a 15-unit multifamily asset in Denver’s established Virginia Village neighborhood, offered for the first time in over 50 years as the original owner retires. Spanning two parcels totaling 33,600 SF, the property comprises three well-maintained identical buildings of five units each, originally constructed in 1954.
The asset features a desirable unit mix of twelve two-story, townhome-style 2Bd/1Ba residences (949 SF each) and three garden-level 2Bd/1Ba units (768 SF). Each townhome offers private front and rear entrances, with living and kitchen on the main floor and two bedrooms plus full bathroom above — a layout that drives strong tenant demand and retention.
Tenant-friendly amenities include shared laundry with five washer/dryer sets per building, oversized private storage lockers (~226 SF each), generous outdoor common areas with mature cherry trees, and a 1:1 off-street parking ratio.
With a half-century of single ownership, the property presents significant upside through lease-up, operational improvements, and professional management — all in a well-located Denver submarket. The seller is open to favorable seller-financing terms for qualified buyers, offering investors a flexible and compelling opportunity.
The asset features a desirable unit mix of twelve two-story, townhome-style 2Bd/1Ba residences (949 SF each) and three garden-level 2Bd/1Ba units (768 SF). Each townhome offers private front and rear entrances, with living and kitchen on the main floor and two bedrooms plus full bathroom above — a layout that drives strong tenant demand and retention.
Tenant-friendly amenities include shared laundry with five washer/dryer sets per building, oversized private storage lockers (~226 SF each), generous outdoor common areas with mature cherry trees, and a 1:1 off-street parking ratio.
With a half-century of single ownership, the property presents significant upside through lease-up, operational improvements, and professional management — all in a well-located Denver submarket. The seller is open to favorable seller-financing terms for qualified buyers, offering investors a flexible and compelling opportunity.
Property Facts
| Price | $5,204,287 CAD | Property Type | Multifamily |
| Price Per Unit | $346,952 CAD | Lot Size | 0.77 AC |
| Sale Type | Investment | Building Size | 17,082 SF |
| Cap Rate | 5.96% | No. Stories | 2 |
| No. Units | 15 | Year Built | 1954 |
| Zoning | S-SU-D | ||
| Price | $5,204,287 CAD |
| Price Per Unit | $346,952 CAD |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 15 |
| Property Type | Multifamily |
| Lot Size | 0.77 AC |
| Building Size | 17,082 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | S-SU-D |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6193-17-015 | Improvements Assessment | $38,158 CAD |
| Land Assessment | $38,158 CAD | Total Assessment | $111,219 CAD |
Property Taxes
Parcel Number
6193-17-015
Land Assessment
$38,158 CAD
Improvements Assessment
$38,158 CAD
Total Assessment
$111,219 CAD
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4370 E Montana Pl - 4370 & 4381 E Montana Place
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