$2,500,000

Quadruplex In Denver

  • 10 Beds
  • 10 Baths
  • 6,000 Sqft
  • Updated: Yesterday
  • Source:
    REcolorado  MLS#6523085

About the Property

2479 S Broadway is a newly constructed mixed-use multifamily asset along one of Denver’s most dynamic infill corridors. The property consists of 10 residential units and approximately 1,000 square feet of ground-floor retail and is offered prior to certificate of occupancy, with delivery projected in 4 to 6 months.

This offering presents a rare opportunity to acquire brand-new product at
2479 S Broadway is a newly constructed mixed-use multifamily asset along one of Denver’s most dynamic infill corridors. The property consists of 10 residential units and approximately 1,000 square feet of ground-floor retail and is offered prior to certificate of occupancy, with delivery projected in 4 to 6 months.

This offering presents a rare opportunity to acquire brand-new product at a basis established before stabilization. Investors can step into the asset during final stages of construction, with flexibility to close prior to or at certificate of occupancy, while influencing lease-up execution and retail tenanting strategy. In a market where most new construction trades only after full delivery and stabilization, this timing creates a differentiated entry point.

At a list price of $2,500,000, or $250,000 per unit and $373 per square foot, the asset is priced below recent new construction comparables, averaging approximately $288,000 per unit and $493 per square foot. This pricing provides a favorable basis relative to replacement cost, particularly given rising construction costs and barriers to new infill development.

The property’s position along South Broadway offers immediate access to one of Denver’s most established retail and dining corridors, with strong connectivity to Downtown, the University of Denver, and the I-25 employment corridor. The submarket is defined by limited developable sites, fragmented ownership, and increasing difficulty in delivering new product at competitive economics, supporting long-term rent growth and appreciation.

From an operational standpoint, the asset benefits from modern construction and an efficient unit mix of one-bedroom residences averaging approximately 600 square feet. The streamlined design supports ease of management, while new building systems and limited near-term capital requirements allow ownership to focus on lease-up and cash flow rather than renovation execution.
  • Property type

    Other

  • Year built

    2025

  • Price/sqft

    $416

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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas

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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas
California, United States
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2026
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Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. - Calabasas
Calabasas, California, United States
View agency profile
Last updated
Yesterday
First listed
May 29
Listing reference
6523085
Listing status
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