1860 S Grove St - Apartments FOR SALE


Denver, CO 80219- Mar Lee
$2,100,000 USD
303-481-2875
1860 S Grove St, Denver, CO for Sale
$2,100,000 USD
Apartments - FOR SALE
1/24
null | 6.16% Cap Rate

1860 S Grove St
Denver, CO 80219
Mar Lee


HIGHLIGHTS

  • Priced competitively compared to recent sales and active listings.
  • Within Denver's adopted Southwest Area Plan, which prioritizes long-term investment in housing, infrastructure, mobility, parks, community amenities.
  • Opportunity to push rents to market through renewals and new leases.
  • Diverse unit mix of spacious one- and two-bedroom units.
  • Strong tenant base with historically consistent demand for rental housing in the surrounding area.

OVERVIEW

1860 S Grove St is an 18-unit, three-story brick multifamily asset located in Denver's Mar Lee neighborhood within Southwest Denver. Built in 1961, the property is positioned near Federal Boulevard, Sheridan Boulevard, and major west-side corridors, with convenient access to neighborhood retail, grocery, dining, transit, and employment drivers. The asset also falls within Denver's adopted Southwest Area Plan, which prioritizes long-term investment in housing, infrastructure, mobility, parks, and community amenities. The units feature new LVP flooring and updated cabinetry, countertops, kitchen appliances, and bathroom finishes, appealing to a historically strong workforce housing tenant base. In-place rents remain below market, which, combined with the near-term lease-up of currently available units, creates a defined path to grow income through renewals and new leases. 1860 S Grove offers investors a clean Denver infill basis play with current income and a credible path to improved yield.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

18

PRICE/UNIT

$116,667

CAP RATE

6.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

S-MU-3

APN/PARCEL ID

5203-06-058

ASK ABOUT THIS PROPERTY

Andrew VollertKaufman HaganMore Info
303-481-2875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Andrew VollertKaufman HaganMore Info
303-481-2875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.