720-780-0492
4509 Tabor St, Wheat Ridge, CO for Sale
Apartments - FOR SALE
1/18
null | Request Cap Rate

4509 Tabor St
Wheat Ridge, CO 80033
Fruitdale


HIGHLIGHTS

  • Farmhouse @ 5280 is a brand-new construction property, with the certificate of occupation issued in July 2025.
  • Individually deeded units provide optionality to sell individually or as a portfolio, reducing long-term risk in an expanding cap rate environment.
  • Oversized units average 1,730 square feet with modern finishes and a large garage.
  • Strategically located less than 15 minutes from Golden, Boulder, Downtown Denver, Clear Creek Hospital, and Applewood Redevelopment.
  • Currently leased at 20% below market rent with room for future appreciation, offering significant rental upside.
  • When the for-sale market turns, the individual deed structure allows for lucrative resale to end user buyers.

OVERVIEW

Take advantage of this rare opportunity to acquire a newly built townhouse community in the heart of Wheat Ridge, Colorado, with certificates of occupancy issued in July 2025. Farmhouse @ 5280 comprises 19 individually deeded, three-bedroom, four-bath residences that are an average of 1,735 square feet. It is perfectly located just minutes from Downtown Denver and the mountains via its direct access to Interstate 70. Each townhouse features a sleek modern farmhouse style with ample natural light, high 9-inch ceilings, and premium finishes to create a warm, elevated living experience. The upper level of each unit features two pristine, spacious bedrooms with an ensuite bath, tiled shower, quartz countertops, and a walk-in closet. The master bedrooms contain a dual vanity setup and oversized shower. The second level of each unit takes on a life of its own with its bright open layout leading to a walkout balcony that allows residents to take a breath of fresh air while overlooking views of the mountains. This newly designed kitchen is a cook's dream with its quartz countertops, large central island, and the newest top-of-the-line stainless steel Kitchen Aid appliances. The ground level of each townhouse features the third and final bedroom, a full bathroom, a covered patio to enjoy the views from this scenic area, and a two-car garage. The property is currently leased up, with concessions applied only in the first month. All tenants sign leases at market rents, resulting in stable in-place income upon acquisition. Farmhouse @ 5280 offers limited competition, with no other three-bedroom, two-car garage townhouse communities within 2.5 miles, and fewer than 125 comparable units built after 2018 within a 5-mile radius. The community is not located in a metropolitan district, resulting in an estimated 40 to 45% lower property tax burden compared to similar assets. Under Colorado’s 2026 property tax reforms (SB24-233 & HB24B-1001), each unit qualifies for a 10% exemption on the first $700,000 of value, equating to up to $1.33 million in exempted value across the portfolio. Located minutes from Downtown Denver, Boulder, and Golden, residents benefit from access to major job centers, the Ward Road Light Rail Station, Clear Creek Trail, grocery markets, and a growing base of schools, retail, and recreation. Taken together, Farmhouse @ 5280 represents a rare opportunity to acquire new for-rent home construction in a supply-constrained market, with durable cash flow today and meaningful exit flexibility for the future. Take advantage of this rare opportunity to acquire stabilized new construction in a supply-constrained submarket with future exit flexibility and strong fundamentals in one of Colorado's most desirable areas.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

19

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Farmhouse @ 5280

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

41,096 SF

ZONING

-

APN/PARCEL ID

39-201-05-005

ASK ABOUT THIS PROPERTY

Matt BerkMarcus & MillichapMore Info
720-780-0492

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Matt BerkMarcus & MillichapMore Info
720-780-0492

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