Multi-Family
12th and Teller
7150 W 12th Ave, Lakewood, CO 80214
Listing Price: $1,500,000
Investment Overview
Marcus and Millichap is pleased to present a unique investment opportunity located at the corner of 12th and Teller St in Lakewood, Colorado. This development opportunity is shovel ready for (21) 2 Bed / 2.5 Bath Townhomes. The property is situated in Lakewood which remains a great choice as an affordable option for young professionals and families who are looking to have close proximity to the mountains and Denver's downtown. Apartment starts in Denver have fallen to the lowest level in four years, which is expected to translate to a decrease in Denver's elevated vacancy rate leading to strong rent growth in years to come.
12th and Teller
Investment Highlights
- Attractive, High-Demand Location
- Strong Value Proposition & Development Potential
- Positive Market Trends & Rental Growth Outlook
- The development is shovel-ready for 21 two-bedroom, 2.5-bath townhomes in Lakewood, CO, a growing submarket near downtown Denver.
- Comparable townhomes in the area have recently sold for $375–$427 per square foot, demonstrating strong market pricing potential upon completion.
- Denver apartment starts are at a four-year low, setting the stage for strong rent growth from 2025 onward as supply tightens.
Exclusively Listed By
Listing Price: $1,500,000
Investment Highlights
- Attractive, High-Demand Location
- Strong Value Proposition & Development Potential
- Positive Market Trends & Rental Growth Outlook
- The development is shovel-ready for 21 two-bedroom, 2.5-bath townhomes in Lakewood, CO, a growing submarket near downtown Denver.
- Comparable townhomes in the area have recently sold for $375–$427 per square foot, demonstrating strong market pricing potential upon completion.
- Denver apartment starts are at a four-year low, setting the stage for strong rent growth from 2025 onward as supply tightens.
Investment Overview
Marcus and Millichap is pleased to present a unique investment opportunity located at the corner of 12th and Teller St in Lakewood, Colorado. This development opportunity is shovel ready for (21) 2 Bed / 2.5 Bath Townhomes. The property is situated in Lakewood which remains a great choice as an affordable option for young professionals and families who are looking to have close proximity to the mountains and Denver's downtown. Apartment starts in Denver have fallen to the lowest level in four years, which is expected to translate to a decrease in Denver's elevated vacancy rate leading to strong rent growth in years to come.
Exclusively Listed By
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