Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1203–1233 Dayton Street Apartments, a well-maintained 24-unit apartment community in one of Aurora’s rapidly evolving neighborhoods. Constructed in 1972, the property features a diversified unit mix consisting of one studio apartment, twelve one-bedroom apartments, and eleven two-bedroom apartments, with floor plans ranging from 400 to 700 square feet. Situated on a 0.49-acre site, the community offers residents an attractive combination of efficient layouts, neighborhood feel, and a convenient residential setting within one of the Denver metro area’s most accessible infill locations. The property’s defining characteristic is its exceptional location immediately adjacent to Denver’s highly acclaimed Lowry neighborhood, one of the region’s most successful master-planned redevelopments. Once home to the former Lowry Air Force Base, the neighborhood has transformed into a vibrant mixed-use community featuring upscale residential developments, expansive parks, highly rated schools, and an extensive collection of restaurants, cafés, boutiques, and neighborhood services. Residents enjoy convenient access to Lowry Town Center, Boulevard One, Crestmoor Park, and dozens of dining and entertainment destinations that have made the area one of the most sought-after residential locations in the metro. This irreplaceable location provides the lifestyle and amenities associated with Denver while benefiting from Aurora’s relative affordability. Beyond its immediate neighborhood amenities, 1203–1233 Dayton Street Apartments offers outstanding regional connectivity. The property is minutes from Cherry Creek, Downtown Denver, the Anschutz Medical Campus, and Denver International Airport via nearby Quebec Street, Colfax Avenue, and Interstate 225. These employment centers, combined with the property’s proximity to major retail corridors, healthcare institutions, and public transportation, support a diverse and resilient renter base drawn from throughout the metropolitan area. Investment opportunities in the Lowry area remain exceptionally limited due to the neighborhood’s mature development pattern and strong long-term demand. With its diversified unit mix, established neighborhood appeal, and irreplaceable location adjacent to one of the Denver metro’s premier redevelopment success stories, 1203–1233 Dayton Street Apartments represents a compelling opportunity to acquire a durable multifamily asset positioned to benefit from the continued strength of the Lowry submarket and the broader Denver metropolitan economy.