Lafayette Flats
Multifamily | 13 Units | $150,000/unit
Marketing description
MMG Real Estate Advisors is pleased to present the opportunity to acquire 2139-2151 Lafayette Street, a 13-unit multifamily property located in Denver’s sought-after Whittier neighborhood. Built in 1930, the asset sits on an established residential street with immediate walkable access to Uptown’s restaurant row, Cheesman Park, and the 17th Avenue corridor. With rents in older Denver stock frequently running below current market, the property presents a clear value-add opportunity through targeted renovations and unit upgrades upon turnover. Denver continues to rank among the nation’s top performing multifamily markets, supported by population growth, a diversified employment base, and limited new supply in established infill neighborhoods — dynamics that have driven sustained rent appreciation across Whittier and Uptown. At 13 units, the property is optimally sized for lean, owner-friendly management: large enough to benefit from economies of scale, yet small enough to operate without dedicated on-site staff or complex infrastructure.
Investment highlights
- Prime Whittier / Uptown Location: Situated on Lafayette Street in Denver's sought-after Whittier neighborhood, the property offers immediate walkable access to Uptown's restaurant row, Cheesman Park, and the vibrant 17th Avenue corridor. The location commands consistent renter demand from young professionals and long-term residents drawn to the area's amenities, transit access, and proximity to downtown Denver. Few infill submarkets in the city combine this level of lifestyle appeal with the stability of an established residential street.
- Significant Upside to Market Rents: With rents in older 1930s-era Denver stock often running below current market, this 13-unit property presents a clear value-add opportunity through targeted interior renovations and unit upgrades upon turnover. An investor can systematically close the gap between in-place and market rents, driving meaningful NOI growth and cap rate compression on exit. Even modest per-unit improvements have historically yielded outsized rent premiums in this submarket.
- Strong Denver Market Fundamentals & Area Growth: Denver continues to rank among the nation's top-performing multifamily markets, supported by consistent population growth, a diversified employment base, and limited new supply in established infill neighborhoods. The Whittier and Uptown corridors have experienced sustained rent appreciation and increased investor activity as demand for walkable urban living remains structurally elevated. These tailwinds create a favorable operating environment for well-located assets and support long-term value preservation.
- Efficient, Low-Complexity Operations: At 13 units, this property is optimally sized for lean, owner-friendly management — large enough to benefit from economies of scale, yet small enough to operate without dedicated on-site staff or complex infrastructure. The compact unit count keeps maintenance overhead predictable, reduces administrative burden, and makes the asset accessible for both self-management and professional third-party management. For investors seeking a high-quality, low-friction hold, this is an ideal profile.
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