Mixed-Use
The Denver
1490 Lafayette St, Denver, CO 80218
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present qualified investors the opportunity to acquire THE DENVER, a historic mixed-use portfolio at East Colfax Avenue and Lafayette Street, two blocks north of Cheesman Park in Denver’s Capitol Hill neighborhood.
The offering comprises three income-producing properties and an entitled development site: Alta Court Lofts and Alta Court Offices within the 1902 Altamaha Apartments; Rosenstock Place, a glazed-brick storefront and apartment building fronting Colfax; and the Lafayette Site, four adjoining parcels with an approved Site Development Plan for 82 apartments.
There are ZERO vacancies across the portfolio which consists of 27 rental homes, 15 professional office tenants, and four street level neighborhood retailers. Approximately $6.3 million has been invested since 2019, including the gut renovation of every apartment and new building systems at Alta Court. Since acquisition, the properties have experienced no vacancy outside a planned office-to-residential conversion, no concessions and one delinquency in six years. The portfolio fronts Denver’s new center-running East Colfax Bus Rapid Transit corridor, a $280 million public investment whose first segment opened in September 2026.
The Denver
Investment Highlights
- Renovated, Low Capital Needs: $6.3M invested since 2019, including gut-renovated apartments and major building systems, minimizing near-term capital needs.
- Entitled Development Upside: Approved plans for 82 apartments and 151 parking spaces, vested through July 2030 and exempt from mandatory affordable housing.
- Proven Operating Performance: 100% occupied with virtually no vacancy, no concessions and just one delinquency since 2019, supporting dependable in-place income.
- Transit-Driven Value: $280M East Colfax BRT investment runs directly in front of the portfolio, with Colfax-Downing Station approximately one block away.
- Strong Denver Fundamentals: Apartment supply is at a five-year low as absorption strengthens, supporting future rent growth in a highly educated, high-income market.
- Durable Commercial Tenancy: Long-tenured retail tenants and 100%-leased office space provide stable income, with NNN reimbursements helping protect NOI.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Renovated, Low Capital Needs: $6.3M invested since 2019, including gut-renovated apartments and major building systems, minimizing near-term capital needs.
- Entitled Development Upside: Approved plans for 82 apartments and 151 parking spaces, vested through July 2030 and exempt from mandatory affordable housing.
- Proven Operating Performance: 100% occupied with virtually no vacancy, no concessions and just one delinquency since 2019, supporting dependable in-place income.
- Transit-Driven Value: $280M East Colfax BRT investment runs directly in front of the portfolio, with Colfax-Downing Station approximately one block away.
- Strong Denver Fundamentals: Apartment supply is at a five-year low as absorption strengthens, supporting future rent growth in a highly educated, high-income market.
- Durable Commercial Tenancy: Long-tenured retail tenants and 100%-leased office space provide stable income, with NNN reimbursements helping protect NOI.
Investment Overview
Marcus & Millichap is pleased to present qualified investors the opportunity to acquire THE DENVER, a historic mixed-use portfolio at East Colfax Avenue and Lafayette Street, two blocks north of Cheesman Park in Denver’s Capitol Hill neighborhood. The offering comprises three income-producing properties and an entitled development site: Alta Court Lofts and Alta Court Offices within the 1902 Altamaha Apartments; Rosenstock Place, a glazed-brick storefront and apartment building fronting Colfax; and the Lafayette Site, four adjoining parcels with an approved Site Development Plan for 82 apartments. There are ZERO vacancies across the portfolio which consists of 27 rental homes, 15 professional office tenants, and four street level neighborhood retailers. Approximately $6.3 million has been invested since 2019, including the gut renovation of every apartment and new building systems at Alta Court. Since acquisition, the properties have experienced no vacancy outside a planned office-to-residential conversion, no concessions and one delinquency in six years. The portfolio fronts Denver’s new center-running East Colfax Bus Rapid Transit corridor, a $280 million public investment whose first segment opened in September 2026.
Exclusively Listed By
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