Overview
Marcus & Millichap is pleased to present 4160 W 74th Ave, an 8-unit workforce housing asset in the Westminster corridor featuring spacious two-bedroom floorplans averaging ~850 SF. The property delivers strong in-place cash flow with a clear path to near-term upside through mark-to-market rent growth, supported by renovated comps achieving higher rents in the immediate submarket. Well-maintained interiors provide a low-risk value-add opportunity through light upgrades and operational efficiencies. Strategically located along the US-36 corridor with direct access to both Denver and Boulder, the asset is positioned for durable demand, stable income, and long-term rent growth.
Investment Highlights
Major CAPEX COMPLETE
The property has undergone a comprehensive renovation program, including updated kitchens and bathrooms with new cabinetry, flooring, lighting, paint, and full appliance packages. Capital improvements include major plumbing infrastructure repairs, a new backflow system, upgraded common areas, and secured keypad entry. Additional upside remains through in-unit washer/dryer installations and continued operational enhancements.
Durable Workforce Housing Demand
4160 W 74th Ave provides naturally occurring workforce housing within the Northeast Adams County submarket, where demand continues to be driven by affordability relative to the broader Denver MSA. With average household incomes of approximately $70,000 within a one-mile radius and rents positioned below the cost of homeownership, the property serves a highly stable renter base seeking attainable housing options.
Mark-to-Market Rent Upside
Current rents provide a clear opportunity for growth as leases roll to market levels. Comparable properties in the immediate Westminster submarket are achieving higher rents, supported by improving rent growth fundamentals and a tightening supply pipeline. As new deliveries slow and rent growth returns toward historical averages, investors are well-positioned to capture upside through continued rental increases.
Individually Metered Utilities for Efficient Operations
The property is individually metered for gas and electric, allowing tenants to pay their own usage and significantly reducing landlord expense exposure. This setup creates a more efficient operating model, simplifies management, and provides a clean, scalable ownership structure for investors.
Strategic Westminster Location Along the US-36 Corridor
Located in Westminster along the US-36 corridor, the property offers direct connectivity to both Downtown Denver and Boulder—two of the region’s largest employment centers. This central location continues to attract renters seeking affordability without sacrificing access to jobs, transit, and lifestyle amenities, supporting long-term occupancy and rent growth.
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