1023 W 9th Ave, Denver, CO 80204

Marcus & Millichap is pleased to present La Alma Family Homes, a 20-unit multifamily housing community. This scattered site development includes four buildings at three separate locations all within a half-mile of each other. The property has an excellent unit mix, with 80% of the units consisting of three-bedroom apartments. La Alma family homes offers a new investor a unique opportunity to dramatically increase their yield via a contractual mark-up to market rent opportunity that comes in November, 2026. By marking contract rents up to market rates in November, 2026, new ownership can realize an increase of more than $120,000 in gross scheduled rent.

The La Alma Family Homes are located in the Lincoln Park neighborhood of Denver, a diverse residential area known for the arts district on Santa Fe Drive. This neighborhood offers a lively nightlife scene with plenty of bars and restaurants, as well as plenty of coffee shops and parks. Many young professionals live in the area, as it has terrific accessibility to the Central Business District and the surrounding metro area by car, on foot, or by the conveniently located 10th & Osage Light Rail Station.