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33704579
33704600

510 10th Street, Golden, CO 80401

NORTHPEAK Commercial Advisors
NORTHPEAK Commercial Advisors
Listed by NORTHPEAK Commercial Advisors
$1,175,000
3 days on market
Updated 3 days ago

Downtown Golden 4-Plex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,112
Units 4
Cap Rate 4.42%
NOI $51,967
Tenancy Multi
Pro-Forma Cap Rate 4.31%
Pro-Forma NOI $50,623
Price per SqFt $378
Year Built 1870
Year Renovated 1970
Acreage 0.210
Zoning Main Street B / C2
Investment Type Value Add

Multifamily | 4 Units | $293,750/unit

Marketing description

This rare four-unit investment opportunity is centrally located in the heart of downtown Golden, Colorado, sitting on a .21-acre lot in the direct path of future development. The City of Golden continues to push forward with growth initiatives, making this a prime location for long-term upside. While the property is currently under-rented and under-managed, a new owner has the opportunity to improve operations, increasing NOI —creating a cash-positive asset while planning for future redevelopment. With intrinsic land value and potential zoning benefits, this offering presents an ideal investment for those looking to capitalize on Golden's ongoing transformation.

Investment highlights

  • Premier Location – Centrally positioned in downtown Golden, benefiting from strong demand and walkability.
  • Well-Maintained Asset – No Zinsco or Federal Pacific panels; water heaters replaced in 2015 and 2017.
  • Value-Add Potential – Below-market rents create an opportunity to increase NOI while planning for redevelopment.
  • Development Potential – Located in the direct path of growth, offering long-term upside.

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
$51,967.00
$4,330.58/mo

Valuation Metrics

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DSCR
4.42%
Cap Rate
4.42%
ROI

Map

Zoning

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C-2 CommercialGeneral CommercialGeneral Commercial
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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