2479 S Broadway, Denver, CO 80210
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
2479 S Broadway,Denver, CO 80210
$2,500,000
- 10 Beds
- 10 Baths
- 6,000 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:6523085
Source:ML
Price summary
- Price:$2,500,000
- Price per sq. ft.:$416.67
About this home
2479 S Broadway is a newly constructed mixed-use multifamily asset along one of Denver’s most dynamic infill corridors. The property consists of 10 residential units and approximately 1,000 square feet of ground-floor retail and is offered prior to certificate of occupancy, with delivery projected in 4 to 6 months.
This offering presents a rare opportunity to acquire brand-new product at a basis established before stabilization. Investors can step into the asset during final stages of construction, with flexibility to close prior to or at certificate of occupancy, while influencing lease-up execution and retail tenanting strategy. In a market where most new construction trades only after full delivery and stabilization, this timing creates a differentiated entry point.
At a list price of $2,500,000, or $250,000 per unit and $373 per square foot, the asset is priced below recent new construction comparables, averaging approximately $288,000 per unit and $493 per square foot. This pricing provides a favorable basis relative to replacement cost, particularly given rising construction costs and barriers to new infill development.
The property’s position along South Broadway offers immediate access to one of Denver’s most established retail and dining corridors, with strong connectivity to Downtown, the University of Denver, and the I-25 employment corridor. The submarket is defined by limited developable sites, fragmented ownership, and increasing difficulty in delivering new product at competitive economics, supporting long-term rent growth and appreciation.
From an operational standpoint, the asset benefits from modern construction and an efficient unit mix of one-bedroom residences averaging approximately 600 square feet. The streamlined design supports ease of management, while new building systems and limited near-term capital requirements allow ownership to focus on lease-up and cash flow rather than renovation execution....
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Home facts
- Year built:2025
- Listing ID #:6523085
Rooms and interior
- Bedrooms:10
- Total bathrooms:10
- Living area:6,000 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:6,000 sq. ft.
- Construction Materials:Vinyl Siding
- Levels:3 or More Stories
Schools
- High school:South
- Middle school:Denver Montessori
- Elementary school:Asbury
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,500,000
- Price per sq. ft.:$416.67
- Tax amount:$5,749 (2024)
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