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Manor 29 5995 W 29th Ave 12 Unit Apartment Building $3,107,700 CAD ($258,975 CAD/Unit) 5.94% Cap Rate Wheat Ridge, CO 80214
Investment Highlights
- Entire electrical service replaced, reducing near-term CapEx risk
- Updated interiors with modern kitchen finishes, new cabinets, and contemporary appliances throughout the community
- Strong submarket fundamentals driven by limited new multifamily supply and sustained renter demand
- Strong unit mix — 11 of 12 units are two-bedroom/one-bathroom layouts
- Excellent accessibility: immediate proximity to I-70, 6th Avenue, and RT D bus service half a block away
- Walkable to major retailers including 26th Ave restaurants, grocery and other businesses
Executive Summary
NorthPeak Commercial Real Estate Advisors is pleased to present Manor 29 Apartments, a 12-unit multifamily investment opportunity located at 5995 W 29th Avenue in Wheat Ridge, Colorado. This well-positioned asset sits at the intersection of Wheat Ridge, Edgewater, and the Sloan’s Lake corridor — one of Denver’s best performing submarkets. The property offers investors immediate cash flow with a stabilized unit mix of one studio and eleven two-bedroom/one-bathroom apartments.
A major capital improvement has already been completed — the entire electrical service has been replaced — addressing one of the biggest liabilities in multifamily maintenance.
With easy access to I-70 and 6th Avenue, the property is approximately 20 minutes from Downtown Denver and within close proximity to Sloan’s Lake Park, Edgewater Public Market, and the vibrant West 38th Avenue dining and retail corridor. Amenities include on-site laundry facilities, off-street parking, and pet-friendly policies.
A major capital improvement has already been completed — the entire electrical service has been replaced — addressing one of the biggest liabilities in multifamily maintenance.
With easy access to I-70 and 6th Avenue, the property is approximately 20 minutes from Downtown Denver and within close proximity to Sloan’s Lake Park, Edgewater Public Market, and the vibrant West 38th Avenue dining and retail corridor. Amenities include on-site laundry facilities, off-street parking, and pet-friendly policies.
Property Facts
| Price | $3,107,700 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $258,975 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.94% | Building Size | 7,500 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Zoning | R3, Wheat Ridge | ||
| Price | $3,107,700 CAD |
| Price Per Unit | $258,975 CAD |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 7,500 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R3, Wheat Ridge |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 2+1 | 11 | - | 675 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 39-254-00-002 | Improvements Assessment | $172,096 CAD |
| Land Assessment | $24,331 CAD | Total Assessment | $196,427 CAD |
Property Taxes
Parcel Number
39-254-00-002
Land Assessment
$24,331 CAD
Improvements Assessment
$172,096 CAD
Total Assessment
$196,427 CAD
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Manor 29 | 5995 W 29th Ave
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