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Multi-Family

3930 W 38th Ave

3930 W 38th Ave, Denver, CO 80212

Listing Price: $1,580,000

Lot Size
0.27 acres
Price/Acre
$5,851,852
Land Type
Land

Investment Overview

Marcus and Millichap is pleased to present a rare investment opportunity located at the corner of 38th and Perry St. This development is shovel ready for 26 Studios, (1) 1 Bed, (1) 2 Bed, and (1) Commercial Space. The property is situated in one of Denver's hottest zip codes near the Tennyson Shopping District. Denver's population growth has historically outpaced the national average leading to the persistent demand for affordable housing. Apartment starts in Denver has 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.

Investment Highlights

  • Prime Development Opportunity in a High-Demand Market
  • The property is located in one of Denver's most sought-after neighborhoods near the Tennyson Shopping District.
  • The development is shovel-ready for a mixed-use project, including 26 studio apartments, one 1-bedroom unit, one 2-bedroom unit, and a commercial space.

Exclusively Listed By

Multi-Family

3930 W 38th Ave

Listing Price: $1,580,000

Lot Size
0.27 acres
Price/Acre
$5,851,852
Land Type
Land

Investment Highlights

  • Prime Development Opportunity in a High-Demand Market
  • The property is located in one of Denver's most sought-after neighborhoods near the Tennyson Shopping District.
  • The development is shovel-ready for a mixed-use project, including 26 studio apartments, one 1-bedroom unit, one 2-bedroom unit, and a commercial space.

Investment Overview

Marcus and Millichap is pleased to present a rare investment opportunity located at the corner of 38th and Perry St. This development is shovel ready for 26 Studios, (1) 1 Bed, (1) 2 Bed, and (1) Commercial Space. The property is situated in one of Denver's hottest zip codes near the Tennyson Shopping District. Denver's population growth has historically outpaced the national average leading to the persistent demand for affordable housing. Apartment starts in Denver has 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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