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3130 W Louisiana AveDenver, CO 80219
Brentwood Tower
Asset ClassMultifamily
# Units103
overview of deal

Overview

Brentwood Tower is a 103-unit multifamily community located at 3130 W Louisiana Avenue in Denver’s Westwood neighborhood. Built in 1963, the property spans 58,722 rentable square feet on 1.17 acres and offers an efficient mix of studios, one-bedrooms, suites, and two-bedrooms. Floorplans average 570 SF, with select units exceeding 900 SF, appealing to a wide range of tenants from students and professionals to families.

 

Recent capital improvements include replacement of all vertical plumbing stacks, a dual-boiler hot water system with redundancy, and rebar reinforcement work currently underway. Common areas feature vinyl flooring, on-site laundry with six washers/dryers, and Starry high-speed internet. While interiors remain largely original, hardwood floors and functional layouts provide an attractive foundation for a value-add renovation program.

 

The location offers superior connectivity, just six miles from Downtown Denver and four miles from the University of Denver, with convenient access to I-25, US-285, RTD bus lines, and light rail. Residents benefit from walkable retail, dining, parks, and schools, enhancing long-term retention.

 

Strong local demographics reinforce durable demand: average household incomes exceed $81,000 within one mile, while the median home price of $440,000 makes ownership more than twice as costly as current rents. This affordability gap drives rent-by-necessity demand and mitigates downside risk.

 

Operationally, the property produces $1.43M in effective gross income and $810K in year-one NOI, equating to a cap rate above 6% on market rents. Current rents average $1,102, compared to market support of $1,271, leaving a 13% loss-to-lease and $200K+ of near-term upside. Renovated comps in the submarket achieve $100–$200 rent premiums, validating the repositioning potential.

 

With stable in-place income, a clear path to revenue growth, and an irreplaceable infill location, Brentwood Tower represents a compelling opportunity to acquire a cash-flowing, value-add community in one of Denver’s most supply-constrained rental markets.

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Investment Highlights

Prime Central Denver Location Brentwood Tower is located at the intersection of South Colorado Boulevard and Cherry Creek Drive, offering exceptional visibility and access to one of Denver’s most active corridors. The property sits within minutes of Cherry Creek, downtown Denver, and the Denver Tech Center, giving residents direct access to employment, retail, and lifestyle amenities.

 

Desirable Unit Mix The 74-unit community features a mix of studio, one-, and two-bedroom apartments with efficient layouts that cater to a wide range of renter profiles. Many units offer private balconies with sweeping mountain and skyline views, further enhancing resident appeal.

 

High Barriers to Entry and Consistent Demand Situated near Cherry Creek — one of Denver’s most affluent and supply-constrained neighborhoods — Brentwood Tower benefits from strong renter-by-necessity demand. Surrounding home values exceeding $1.2 million create high barriers to homeownership, ensuring a reliable pool of renters.

 

Value-Add Potential While current ownership has maintained the property to a strong operational standard, considerable upside exists through strategic interior upgrades, modernization of common areas, and the addition of in-unit amenities. Renovated units in the submarket have demonstrated meaningful rent premiums, positioning Brentwood Tower for revenue growth.

 

Stabilized Asset in a Strong Market With high occupancy and durable cash flow in place, Brentwood Tower offers investors a stabilized acquisition in one of Denver’s strongest rental submarkets. Supported by favorable demographics and long-term housing demand, the property is well-positioned for both near-term income and long-term appreciation.

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3130 W Louisiana AveDenver, CO 80219
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Listing provided by Revere CRE