Overview
Marcus & Millichap is pleased to present Stone Garden on Birch, a three-building, 74-unit multifamily asset located off South Colorado Blvd in highly desirable Glendale. Stone Garden on Birch is less than half a mile from Colorado Blvd, offering excellent proximity to both the Colorado Blvd Business Corridor and the sought-after Cherry Creek neighborhood. Delivered in 1977, this multifamily community showcases elevated, yet classic apartment living enhanced by unparalleled proximity to some of Denver’s most popular area amenities. Positioned between the city’s top employment hubs and adjacent to some of the most affluent neighborhoods in all of Denver, Stone Garden on Birch caters to young, affluent residents in search of the ultimate balance of proximity to employment and access to an alluring restaurant and nightlife landscape in Cherry Creek.
Situated proximate to the intersection of Colorado Blvd and Mississippi Ave, Stone Garden on Birch offers both a peaceful neighborhood setting and excellent accessibility to all that Glendale has to offer. Located off Colorado Blvd between the Colorado Blvd Business Corridor and the 9th & Colorado redevelopment, residents enjoy proximity to some of Denver’s top employment hubs and connectivity to greater Metro Denver, including the Denver Tech Center and Downtown, via Interstate-25. Stone Garden on Birch is nearly adjacent to Infinity Park and about half a mile from access to the Cherry Creek Trail and Garland Park. Additionally, with Cherry Creek Shopping Center and entertainment district being less than two miles away, residents will enjoy proximity to the myriad of restaurants, bars, shops, and boutiques in Cherry Creek.
Stone Garden on Birch’s favored combination of classic, yet elevated apartment living paired with its unparalleled proximity to popular area amenities and impeccable location will continue to attract young, affluent renters pursuing the ultimate balance of proximity to employment hubs and the alluring Cherry Creek neighborhood. Offering a best-in-class live-work-play environment, easy access to both Downtown and the Denver Tech Center, and proximity to some of the metro areas top employment centers, Stone Garden on Birch offers immediate scale and a wide-ranging value-add opportunity. Supported by impressive market fundamentals, Stone Garden on Birch represents a unique acquisition opportunity in one of Denver’s most desirable locations.
Investment Highlights
Significant Rent Growth Capacity Supported by Area Incomes
Average proforma rents represent just 14% of the $113,125 average household income within one mile — well below the 30% affordability standard. Rents could increase more than 115% before approaching the affordability threshold, providing substantial long-term capacity for durable rent growth supported by the surrounding income base.
Recent Structural Capital Investment in Property Balconies
Ownership has invested more than $600,000 in the structural repair and replacement of the property’s balconies— the most significant capital item at a 1977-vintage asset. The work removes a substantial near-term obligation from a buyer’s business plan, allowing new ownership to direct capital toward interior renovations and revenue-generating
improvements rather than structural remediation.
Favorable Market Timing Ahead of Projected 2027 Rent Recovery
Metro Denver recorded 14,220 units of trailing 12-month absorption in Q2 2026— an all-time record — while the active construction pipeline has contracted 41%from its peak. With vacancy compressing, concessions burning off, and meaningful rent growth projected to return in 2027, Stone Garden offers investors the opportunity to acquire
ahead of the market’s recovery.
Insulated From New Competition at a Discount to New Construction
Of the 952 units delivered in the submarket since 2021, deliveries have concentrated south of I-25 near the University of Denver and Platt Park — outside Stone Garden’s direct competitive set. The property competes at a meaningful discount to new construction while capturing the same renter demand, with no significant new supply deliverable in Glendale in the near term.
Affluent and Highly Educated Demographic
Within one mile of the property, 58.9% of residents hold a bachelor’s degree or higher, average household income exceeds $113,000, and household counts are projected to grow 2.6% through 2029. Metro Denver’s population growth continues to outpace the national average by more than double, reinforcing long-term demand fundamentals.
Premier Central Location Between Cherry Creek and Denver’s Top Employment Hubs
Stone Garden is positioned between the Colorado Blvd Business Corridor and the 26-acre 9th & Colorado redevelopment, less than two miles from Cherry Creek’s premier shopping and dining district, and nearly adjacent to Infinity Park. Access to I-25 and five light rail stations connects residents to Downtown Denver and the Denver Tech Center in under 20 minutes, delivering a best-in-class live-work-play environment.
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