16680 W 11th Avenue, Golden, CO 80401
Local realty services provided by:ERA Shields Real Estate
16680 W 11th Avenue,Golden, CO 80401
$850,000
- 7 Beds
- 5 Baths
- 1,112 sq. ft.
- Multi-family
- Active
Listed by: clayton primm
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:4119866
Source:ML
Price summary
- Price:$850,000
- Price per sq. ft.:$764.39
About this home
16680 W 11th Ave presents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset
in one of the tightest, highest-barrier submarkets in Colorado. With 100% occupancy, consistent rent
collections, and a 6.67% in-place cap rate, the property delivers immediate yield rarely achievable in
Golden’s small-multifamily segment. Current operations generate $56,674 NOI, with Year 1 NOI projected to climb to $64,011 through natural loss-to-lease burn-off, modest rent adjustments, and continued growth in utility bill-backs and ancillary revenue streams. This represents a 13% NOI increase with no major capital expenditure requirements.
Rents average $1,300 ($2.83/SF) across efficient 1-BD and 2-BD layouts. Strong rent/SF performance
reflects the dense renter demand of the submarket, yet the total rents remain $150–$300 below
comparable Golden units, providing an easily captured mark-to-market runway. Comparable buildings
across Ulysses, W 4th Ave, W 8th Pl, and Nevada routinely achieve $1,325–$1,750 depending on size and
unit mix, creating a clear and documented revenue upside without repositioning or heavy renovation.
Financing metrics are equally compelling: at a 6% interest rate and 65% LTV, buyers achieve Year 1
cash-on-cash of 10.37% and a 1.93 DCR, offering a strong cushion even under conservative economic
expectations.
Golden’s long-standing regulatory constraints, limited development pipeline, and affluent renter profile
further reinforce the asset’s durability. With robust demographics, minimal new supply, proven rent depth, and consistent operational performance, 16680 W 11th Ave stands as one of the most secure and yield rich small-unit offerings available in the Denver metro today—ideal for private capital, 1031 buyers, and long-term operators seeking stable cash flow with upside....
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Home facts
- Year built:1950
- Listing ID #:4119866
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Living area:1,112 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1950
- Building area:1,112 sq. ft.
- Construction Materials:Frame
- Levels:1 Story
Schools
- High school:Golden
- Middle school:Bell
- Elementary school:Red Rocks
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$764.39
- Tax amount:$2,601 (2024)
Parking
- Total parking spaces:10
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