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31411461
31411463

4370 E Montana Pl, Denver, CO 80222

DH
FA 100085522
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$3,750,000
71 days on market
Updated 71 days ago

4370 & 4381 E Montana Place

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,082
Units 15
Cap Rate 5.96%
NOI $223,381
Price per SqFt $220
Year Built 1954
Lot Size (SqFt) 33,600
Zoning S-SU-D

Multifamily | 15 Units | $250,000/unit

Marketing description

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.

Investment highlights

Excellent location in Denver within the established Virginia Village neighborhood

Long-term ownership, well-maintained asset

Strong value-add opportunity with significant upside potential

Favorable seller financing available, terms negotiable

Separately metered electricity, 100-amps per unit

Shared laundry facilities with 5 washer/dryer sets per building (not coin operated)

Ample storage facilities

Large 33,600 SF site across two lots

Listing Contacts

DH
FA 100085522
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$223,381.00
$18,615.08/mo

Valuation Metrics

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DSCR
5.96%
Cap Rate
5.96%
ROI

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