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29597401
29597403

8220 E 36th Ave, Denver, CO 80238

CP
FA100024161
Marcus & Millichap - Denver
JH
CO FA. 100070708
Marcus & Millichap - Denver
GP
CO FA100074810
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
Unpriced
127 days on market
Updated 38 days ago

Central Park, Denver | 2024 YOC | 10 Large BTR Townhomes

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 20,570
Net Rentable (SqFt) 20,570
Units 10
Year Built 2024
Buildings 2
Stories 3
Acreage 0.340

Stabilized Demand; Best-in-Class Construction Quality

Marketing description

A Line Townhomes Central Park is a newly delivered townhome community in the heart of Denver’s Central Park neighborhood, offering a limited collection of large, for-sale quality rental residences in a supply-constrained, high-income submarket. The property is 100% occupied and comprised of expansive three- and four-bedroom homes averaging just over 2,000 square feet, each with a dedicated home office, private outdoor space, and oversized two-car attached garage. High ceilings, broad windows, and open-concept floor plans create a light-filled, residential feel that lives more like modern ownership housing than a conventional rental product.

Interiors feature chef-driven kitchens with quartz countertops, large center islands, gas cooking, and stainless-steel appliances, paired with spa-style bathrooms, frameless glass showers, walk-in closets, and designer finishes throughout. Upper levels offer generous bedroom suites with abundant natural light, while main living levels open to private decks or balconies. Lower levels provide flexible living space, additional bedrooms or offices, and direct garage access, creating a true townhome living experience with privacy, scale, and functionality rarely found in transit-oriented rental communities.

Investment highlights

  • Stabilized Demand: 100% occupied with leasing that exceeded expectations, reflecting sustained demand for large, for-sale quality townhome rentals.

  • Best-in-Class Construction Quality: Developed by Shea Properties and D.H. Friedman, both highly regarded and reputable local developers with a long-standing track record of award-winning execution.

  • Affordability, Income & Credit Strength: Median rent-to-income of 20%, supported by a dual-income, white-collar tenant base across healthcare, technology, finance, education, legal, and more.

  • Severe Supply Scarcity: Virtually no competing 3- or 4-bedroom apartments, townhomes, or single-family rentals in the immediate submarket.

  • Transit & Walkable Retail Access: 0.3-mile walk to the Central Park A-Line (Union Station ~20 min, DIA ~22 min) and steps from A Line Square anchored by Sprouts and neighborhood services.

  • Below Replacement Cost Basis: Implied pricing sits approximately $100–$125 per square foot below the cost to deliver comparable three-story townhome construction today.

  • Embedded Individual Value & Exit Optionality: Separately platted residences offered at roughly a 15%+ discount to recent Central Park townhome resales, creating immediate embedded value and a clear path to premium unit-by-unit dispositions.

Listing Contacts

CP
FA100024161
Marcus & Millichap - Denver
JH
CO FA. 100070708
Marcus & Millichap - Denver
GP
CO FA100074810
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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Additional Information

Name
Matthew T. Berk
License
CO FA100103127
Brokerage
Marcus & Millichap Real Estate Investment Services
Brokerage Phone
(303) 328-2035
Title
Broker of Record
Brokerage Address
1144 15th St, Ste. 2150, Denver, CO 80202
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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