Marcus & Millichap is pleased to present the Victor Avenue Portfolio, a 12-unit multifamily offering located at 204, 208, and 311 Victor Avenue in the historic downtown core of Victor, Colorado, five miles from Cripple Creek in the heart of the Cripple Creek Mining District. Built in 1899, the portfolio consists of two studios, one one-bedroom, eight two-bedroom, and one three-bedroom unit across three brick buildings, with an adjacent vacant parcel included in the offering. Ownership has completed significant capital improvements, including roof replacements, electrical, plumbing, and sewer upgrades, heating improvements, and multiple unit renovations. Immediate upside exists through the completion of three units currently under renovation, predominantly month-to-month leases that allow for operational repositioning, and the potential to add additional units at 311 Victor Avenue with architectural plans already prepared. The property is positioned to benefit from strong regional demand drivers, including the long-term expansion of the Cripple Creek & Victor Mine, continued investment in Cripple Creek's gaming sector, and a severe housing shortage characterized by sub-2 percent vacancy, limited new construction, and a workforce that largely commutes into the area, creating a compelling value-add opportunity in a historically underserved market.