2900 Lowell Blvd - Apartments FOR SALE


Denver, CO 80211- West Highland
$4,500,000 USD
303-328-2041
2900 Lowell Blvd, Denver, CO for Sale
$4,500,000 USD
Apartments - FOR SALE
1/34
null | 5.41% Cap Rate

2900 Lowell Blvd
Denver, CO 80211
West Highland


HIGHLIGHTS

  • Rare West Highlands Location in One of Denver's Most Desirable Rental Submarkets
  • A Fully Updated 19 Unit Community with Modern One-Bedroom Floorplans
  • Walkable to 32nd Street - Retail, Shopping, Dining and Entertainment
  • 16 Off-Street Parking Spaces, On-Site Laundry, and Storage Lockers
  • Significant Capital Improvements - Newer Roof, Boiler, and Windows

OVERVIEW

Marcus & Millichap is pleased to present 2900 Lowell Blvd, a 19-unit apartment community located in Denver's highly desirable West Highlands neighborhood. The property offers investors an opportunity to acquire a stabilized asset in one of the city's most sought after rental submarkets. Originally constructed in 1956, the property has undergone extensive renovations and features spacious one-bedroom, one-bathroom floorplans. Unit upgrades include new windows, butcher-block countertops, vinyl plank flooring, dishwashers, mini-split systems, and fresh interior paint. Capital improvements to the building include a new roof, boiler, and water heater reducing near-term maintenance risk and supporting long-term operational efficiency. Residents benefit from off-street parking and proximity to a wide range of neighborhood amenities, including parks, retail, dining, and nightlife. Sloan's Lake, one of Denver's largest and most popular outdoor destinations, is located just blocks from the property and offers year-round recreation such as paddleboarding, kayaking, running, and biking. The West Highlands neighborhood is known for its walkability and vibrant local scene, featuring an eclectic mix of bars, restaurants, coffee shops, and boutiques. Popular nearby destinations include El Camino Tavern and Sweet Cow Ice Cream, among many others that contribute to the area's strong tenant appeal. The investment merits of 2900 Lowell Blvd are supported by Denver's strong employment fundamentals, limited housing supply, and sustained rental demand. Its proximity to downtown Denver, combined with modern finishes and a neighborhood-oriented lifestyle, positions the property as a compelling long-term investment in a premier urban submarket.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

19

PRICE/UNIT

$236,842

CAP RATE

5.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowell Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

15,976 SF

ZONING

U-TU-C

APN/PARCEL ID

2293-13-025

ASK ABOUT THIS PROPERTY

Boomer BeattyMarcus & MillichapMore Info
303-328-2041

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Boomer BeattyMarcus & MillichapMore Info
303-328-2041

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