5995 W 29th Ave - Apartments FOR SALE


Wheat Ridge, CO 80214- Lakeside
$2,250,000 USD
720-939-2943
5995 W 29th Ave, Wheat Ridge, CO for Sale
$2,250,000 USD
Apartments - FOR SALE
1/15
null | 5.94% Cap Rate

5995 W 29th Ave
Wheat Ridge, CO 80214
Lakeside


HIGHLIGHTS

  • Entire electrical service replaced, reducing near-term CapEx risk
  • Strong unit mix — 11 of 12 units are two-bedroom/one-bathroom layouts
  • Updated interiors with modern kitchen finishes, new cabinets, and contemporary appliances throughout the community
  • Excellent accessibility: immediate proximity to I-70, 6th Avenue, and RT D bus service half a block away
  • Strong submarket fundamentals driven by limited new multifamily supply and sustained renter demand
  • Walkable to major retailers including 26th Ave restaurants, grocery and other businesses

OVERVIEW

NorthPeak Commercial Real Estate Advisors is pleased to present Manor 29 Apartments, a 12-unit multifamily investment opportunity located at 5995 W 29th Avenue in Wheat Ridge, Colorado. This well-positioned asset sits at the intersection of Wheat Ridge, Edgewater, and the Sloan’s Lake corridor — one of Denver’s best performing submarkets. The property offers investors immediate cash flow with a stabilized unit mix of one studio and eleven two-bedroom/one-bathroom apartments. A major capital improvement has already been completed — the entire electrical service has been replaced — addressing one of the biggest liabilities in multifamily maintenance. With easy access to I-70 and 6th Avenue, the property is approximately 20 minutes from Downtown Denver and within close proximity to Sloan’s Lake Park, Edgewater Public Market, and the vibrant West 38th Avenue dining and retail corridor. Amenities include on-site laundry facilities, off-street parking, and pet-friendly policies.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

12

PRICE/UNIT

$187,500

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Manor 29

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,199 SF

ZONING

R3, Wheat Ridge

APN/PARCEL ID

39-254-00-002

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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