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Investment Highlights

  • New construction
  • Workforce housing option
  • Great rental market

Executive Summary

An exceptional opportunity to acquire a newly constructed townhome development just minutes from downtown Glenwood Springs. 619 Overlin Drive is an 11-unit project designed to meet strong demand for high-quality, ownership-style housing in one of the Roaring Fork Valley's most competitive rental markets. The development consists of two newly constructed buildings with individually deeded residences, providing investors with flexible exit strategies and long-term value. Property Highlights 11 Total Units including 10 two-bedroom townhomes and 1 three-bedroom ADA-accessible townhome. All units are individually deeded residences with high-quality new construction located minutes from downtown Glenwood Springs, transit, and employment centers. Designed for long-term livability, durability, and strong tenant demand Construction is anticipated to be complete in August 2026 The development team is offering multiple acquisition options - this listing is for the purchase of the entire development (11 Units) Investment Highlights include a strong rental demand in the Glenwood Springs market, individually deeded units allow flexible resale or phased disposition, new construction with zero deferred maintenance, large depreciation advantages for investors, ownership-style housing product with limited local supply 619 Overlin Drive was intentionally designed to fill a gap in the local market: brand-new, durable townhomes that offer the comfort and stability of ownership-style living close to downtown

Property Facts

Price $9,295,968 CAD
Price Per Unit $929,597 CAD
Sale Type Investment
Cap Rate 5.55%
Sale Conditions
1031 Exchange
  • Lease Option
Gross Rent Multiplier 0.7
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.67 AC
Construction Status Under Construction
Building Size 11,000 SF
Average Occupancy 0%
No. Stories 3
Year Built 2026
Parking Ratio 1.82/1,000 SF
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
R031632
Land Assessment
$31,691 CAD
Improvements Assessment
$36,592 CAD
Total Assessment
$68,283 CAD
  • Listing ID: 41363214

  • Date on Market: 2026-07-20

  • Last Updated:

  • Address: 619 Overlin Dr, Glenwood Springs, CO 81601

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