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32727320
32727321

2831 Eliot Circle, Westminster, CO 80030 For Sale

NORTHPEAK Commercial Advisors
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$1,025,000
61 days on market
Updated 37 days ago

Eliot Townhomes

Details
Property Type Multifamily
Square Footage 4,800
Units 6
Cap Rate 6.61%
NOI $67,734
Tenancy Multi
Pro-Forma Cap Rate 6.82%
Pro-Forma NOI $69,910
Price per SqFt $214
Year Built 1962
Lot Size (SqFt) 9,375
Zoning R-4
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.25
Investment Type Value Add
Sale Condition For sale by owner

Multifamily | 6.61% CAP | 6 Units

Marketing description

NorthPeak Commercial Advisors is pleased to present the exclusive opportunity to acquire 2831 Eliot Circle, a six-unit townhome community, located in the Midtown submarket of Westminster, Colorado. The ownership group is also open to selling an adjacent 6-unit building. Please inquire if you have an interest.

The property includes (1) 1Br/1Ba, (1) 2Br/1Ba and (4) 2Br/1.5Ba units. The 2br/1.5ba units are two story, townhome style layouts offering space, private entries and additional bathrooms that tenants prioritize.

Built in 1962, the community sits on a large 9,375 SF lot zoned R-4, presenting a compelling value-add profile for an owner-operator or 1031 exchange buyer. The property is located less than a mile from the Westminster Station Transit-Oriented Development (TOD) — a 135-acre master-planned redevelopment anchored by RTD's B Line rail station — positioning tenants to benefit from one of the most transformative projects in the Denver metro area. Downtown Denver is approximately six miles south, giving residents a suburban atmosphere with quick access to the city. The location also offers direct access to US-36 (Boulder Turnpike) and I-76, connecting residents to employment centers across the Front Range.

Investment highlights

12 total units available as a portfolio; 6-unit buildings offered individually for smaller investors or exchange buyers

10 of 12 units are large 894 SF 2-Br floorplans

Desirable two-story townhome layouts with private entries — differentiated product in the submarket

Strong submarket occupancy supported by proximity to transit, employment, and retail

Proven renovation upside — comparable units along Eliot Circle have demonstrated rent growth following interior upgrades

Significant public and private investment in the surrounding Westminster Station TOD driving long-term appreciation potential Berkshire Hathaway HomeServices

Listing Contacts

NORTHPEAK Commercial Advisors
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
$67,734.00
$5,644.50/mo

Valuation Metrics

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DSCR
6.61%
Cap Rate
6.61%
ROI

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