Marcus & Millichap is pleased to present 1200 Colorado, a well-located multifamily asset in one of Denver’s most desirable urban neighborhoods. This 1- and 2-bedroom, 22-unit property offers a compelling blend of vintage charm and modern updates, including wood-style flooring, new windows, on-site laundry, additional resident storage, and a community courtyard. With pet-friendly policies and reserved parking (subject to availability), 1200 Colorado is well positioned to attract and retain tenants. Its central location and strong surrounding demographics support long-term rental demand and upside potential.
Turnkey Asset with Light Value-Add Potential 1200 Colorado presents a stabilized investment with meaningful upside through continued unit upgrades and rent growth. The property offers a strong in-place income stream, with below-market rents and a demonstrated opportunity to bring units to market through light interior enhancements. With attractive in-place cash flow and improving metrics over the hold period, investors benefit from both immediate yield and long-term value creation.
Compelling Affordability Advantage Over Homeownership Situated in one of Denver’s most desirable neighborhoods, 1200 Colorado delivers significant affordability relative to homeownership. With average homeownership costs exceeding $5,700/month, the property’s proforma rents—averaging just $1,564/month—offer a 73% discount, creating a wide affordability moat that supports high occupancy and strong rent growth prospects.
Favorable Market Dynamics & Limited Supply Pipeline Denver’s robust population growth and sustained in-migration continue to drive demand for quality rental housing. Meanwhile, rising construction costs and constrained land availability have muted new multifamily deliveries in core urban neighborhoods like Hale and Congress Park. This supply-demand imbalance positions 1200 Colorado to capitalize on tightening market conditions and sustained renter demand.
Walkable Lifestyle in a High-Demand Submarket Located just three blocks from the vibrant 9th & Colorado redevelopment, 1200 Colorado places residents within walking distance of 65+ restaurants, shops, and lifestyle amenities. The surrounding neighborhood blends historic charm with a modern, connected lifestyle—appealing to the area's educated, high-income renter base. With walkable access to parks, fitness, retail, and top-tier dining, the property supports a premium, amenity-rich living experience.
Proximity to Major Employers and Urban Conveniences The property offers direct access to multiple employment hubs, including Cherry Creek, Downtown Denver, and the Fitzsimons Medical Campus. Its location along Colorado Boulevard ensures high visibility and easy connectivity, making it especially attractive to professionals seeking a central address with short commutes and a dynamic neighborhood atmosphere.