1860 S Grove Apartments
Mar Lee / Denver 18-Unit Multifamily
Marketing description
1860 S Grove St is an 18-unit, three-story brick multifamily asset located in Denver's Mar Lee neighborhood within Southwest Denver. Built in 1961, the property is positioned near Federal Boulevard, Sheridan Boulevard, and major west-side corridors, with convenient access to neighborhood retail, grocery, dining, transit, and employment drivers. The asset also falls within Denver's adopted Southwest Area Plan, which prioritizes long-term investment in housing, infrastructure, mobility, parks, and community amenities.
The units feature new LVP flooring and updated cabinetry, countertops, kitchen appliances, and bathroom finishes, appealing to a historically strong workforce housing tenant base. In-place rents remain below market, which, combined with the near-term lease-up of currently available units, creates a defined path to grow income through renewals and new leases. 1860 S Grove offers investors a clean Denver infill basis play with current income and a credible path to improved yield.
Investment highlights
- Priced competitively compared to recent sales and active listings.
- Positioned within Denver's adopted Southwest Area Plan, which prioritizes long-term investment in housing, infrastructure, mobility, parks, and community amenities.
- Opportunity to push rents to market through renewals and new leases.
- Diverse unit mix of spacious one- and two-bedroom units.
- Strong tenant base with historically consistent demand for rental housing in the surrounding area.
- Units feature new LVP flooring and updated cabinetry, countertops, kitchen appliances, and bathroom vanity and backsplashes.
- Individually metered for electric with tenants paying directly.
- Tenants enjoy on-site laundry, 24-hour secure access to the building, off-street parking, and well-kept yard space.
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