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Multifamily

La Alma

1023 W 9th Ave, Denver, CO 80204

Listing Price: $5,950,000

Cap Rate
5.86%
Number of Units
20
GRM
9.34
Occupancy
95.0%
Price/Unit
$297,500
Price/Gross SF
$325.24
Gross SF
18,294

Investment Overview

Marcus & Millichap is pleased to present La Alma Family Homes, a 20-unit scattered-site community comprising four buildings across three locations within a half-mile radius. The property features a strong unit mix, with 80% three-bedroom apartments, and offers a clear value-add opportunity through a contractual mark-to-market rent adjustment in November 2026. This is projected to increase gross scheduled rent by over $120,000.

Located in Denver’s Lincoln Park neighborhood near the Santa Fe Arts District, the asset benefits from vibrant nightlife, dining, parks, and walkable access to the 10th & Osage Light Rail Station, providing convenient connectivity to the CBD and broader metro area.

Investment Highlights

  • Less than 2 miles from Downtown Denver with access to a major employment base anchored by top corporate employers and a diversified, growing economy.
  • Prime Lincoln Park location with direct I-25 access and connectivity to Downtown and Denver Tech Center, expanding renter demand across key employment hubs.
  • Proximity to DTC (11.5 miles) with 48M+ SF of office space and Fortune 500 presence, supporting strong long-term occupancy and rent growth.

Exclusively Listed By

Multifamily

La Alma

Listing Price: $5,950,000

Cap Rate
5.86%
Number of Units
20
GRM
9.34
Occupancy
95.0%
Price/Unit
$297,500
Price/Gross SF
$325.24
Gross SF
18,294

Investment Highlights

  • Less than 2 miles from Downtown Denver with access to a major employment base anchored by top corporate employers and a diversified, growing economy.
  • Prime Lincoln Park location with direct I-25 access and connectivity to Downtown and Denver Tech Center, expanding renter demand across key employment hubs.
  • Proximity to DTC (11.5 miles) with 48M+ SF of office space and Fortune 500 presence, supporting strong long-term occupancy and rent growth.

Investment Overview

Marcus & Millichap is pleased to present La Alma Family Homes, a 20-unit scattered-site community comprising four buildings across three locations within a half-mile radius. The property features a strong unit mix, with 80% three-bedroom apartments, and offers a clear value-add opportunity through a contractual mark-to-market rent adjustment in November 2026. This is projected to increase gross scheduled rent by over $120,000. Located in Denver’s Lincoln Park neighborhood near the Santa Fe Arts District, the asset benefits from vibrant nightlife, dining, parks, and walkable access to the 10th & Osage Light Rail Station, providing convenient connectivity to the CBD and broader metro area.

Exclusively Listed By

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