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Multifamily

APPLEWOOD TOWNHOMES

11611 W 16th Ave, Lakewood, CO 80215

Listing Price: $7,200,000

Cap Rate
5.25%
Number of Units
12
GRM
14.50
Occupancy
95.0%
Price/Unit
$600,000
Price/Gross SF
$370.37
Gross SF
19,440

Investment Overview

The Applewood Townhomes are a 12-unit, exclusively three-bedroom townhome community delivering what renters in this market are searching for and rarely find: spacious, new-construction, single-family-style living in one of Denver’s most desirable neighborhoods—without the $800,000 price tag of ownership.

Every unit is a 1,620-square-foot, three-bedroom, three-bathroom townhome spanning multiple levels. Open-concept living on the main level. A dedicated bedroom and bath on each floor. In-unit washer and dryer. Attached one-car garage. Contemporary finishes—modern kitchens with quality appliance packages, durable flooring, clean sight lines, and smart storage. These are homes that tenants move into and stay in.

The property occupies 0.62 acres at 11611 W 16th Avenue in the heart of Applewood. This is not a commercial corridor—it’s a residential neighborhood. Single-family homes, mature trees, the golf course visible from the community. The setting delivers the private, quiet feel that townhome renters pay a premium for, minutes from every amenity and transit connection a resident needs.

Investment Highlights

  • Brand-New Construction, Zero Deferred Maintenance
  • Below-Market Rents with Clear Upside
  • A Location That Cannot Be Replicated
  • Townhome Product at a Premium
  • Conservative Underwriting, Multiple Upside Levers
  • Institutional Product, Private Market Pricing

Exclusively Listed By

Financing By

Multifamily

APPLEWOOD TOWNHOMES

Listing Price: $7,200,000

Cap Rate
5.25%
Number of Units
12
GRM
14.50
Occupancy
95.0%
Price/Unit
$600,000
Price/Gross SF
$370.37
Gross SF
19,440

Investment Highlights

  • Brand-New Construction, Zero Deferred Maintenance
  • Below-Market Rents with Clear Upside
  • A Location That Cannot Be Replicated
  • Townhome Product at a Premium
  • Conservative Underwriting, Multiple Upside Levers
  • Institutional Product, Private Market Pricing

Investment Overview

The Applewood Townhomes are a 12-unit, exclusively three-bedroom townhome community delivering what renters in this market are searching for and rarely find: spacious, new-construction, single-family-style living in one of Denver’s most desirable neighborhoods—without the $800,000 price tag of ownership. Every unit is a 1,620-square-foot, three-bedroom, three-bathroom townhome spanning multiple levels. Open-concept living on the main level. A dedicated bedroom and bath on each floor. In-unit washer and dryer. Attached one-car garage. Contemporary finishes—modern kitchens with quality appliance packages, durable flooring, clean sight lines, and smart storage. These are homes that tenants move into and stay in. The property occupies 0.62 acres at 11611 W 16th Avenue in the heart of Applewood. This is not a commercial corridor—it’s a residential neighborhood. Single-family homes, mature trees, the golf course visible from the community. The setting delivers the private, quiet feel that townhome renters pay a premium for, minutes from every amenity and transit connection a resident needs.

Exclusively Listed By

Financing By

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