16680 W 11 Avenue, Golden, CO 80401
Local realty services provided by:LUX Real Estate Company ERA Powered
16680 W 11 Avenue,Golden, CO 80401
$805,000
- 7 Beds
- 5 Baths
- 2,300 sq. ft.
- Multi-family
- Active
Listed by: charles burkhart
Office: marcus & millichap real estate investment services of atlanta, inc.
MLS#:2191430
Source:ML
Price summary
- Price:$805,000
- Price per sq. ft.:$350
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....
Contact an agent
Home facts
- Year built:1950
- Subdivision & Development:Golden Pines
- Listing ID #:2191430
Rooms and interior
- Bedrooms:7
- Total bathrooms:5
- Living area:2,300 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1950
- Building area:2,300 sq. ft.
- Construction Materials:Frame
- Levels:1 Story
Schools
- High school:Golden
- Middle school:Bell
- Elementary school:Foothills
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$805,000
- Price per sq. ft.:$350
- Tax amount:$4,004 (2025)
Parking
- Total parking spaces:10
New listings near 16680 W 11 Avenue
- New
$750,000Active35.21 Acres8077 Drew Hill Road, Golden, CO 80403
MLS# 8660914Listed by: WEST AND MAIN HOMES INC - Coming Soon
$4,300,000Coming Soon6 beds 6 baths2951 Kendrick Street, Golden, CO 80401
MLS# 7711327Listed by: THE AGENCY - DENVER - New
$785,000Active3 beds 2 baths3,260 sq. ft.1075 Yank Street, Golden, CO 80401
MLS# 3633621Listed by: LEO GUETLEIN - New
$175,000Active1.1 Acres33149 Janelle Circle, Golden, CO 80403
MLS# 4043750Listed by: HOUSE2HOME LLC - New
$419,000Active2 beds 2 baths1,231 sq. ft.23656 Pondview Place #C, Golden, CO 80401
MLS# 5200990Listed by: HOMESMART - New
$2,225,000Active4 beds 4 baths5,117 sq. ft.3120 Braun Court, Golden, CO 80401
MLS# 2565860Listed by: SERHANT COLORADO LLC - New
$1,700,000Active4 beds 5 baths3,703 sq. ft.15757 W 14th Court, Golden, CO 80401
MLS# 7995405Listed by: SERHANT COLORADO LLC - Open Sat, 2 to 4pmNew
$765,000Active4 beds 2 baths1,734 sq. ft.16045 W 13th Place, Golden, CO 80401
MLS# 9662718Listed by: ROCKY MOUNTAIN COMMERCIAL ASSOCIATES, LLC - New
$57,000Active2 beds 1 baths710 sq. ft.215 Cheyenne Street, Golden, CO 80403
MLS# 8104962Listed by: SELLSTATE ALTITUDE PROPERTY GROUP - New
$45,000Active2 beds 2 baths1,056 sq. ft.15 Zurich Street, Golden, CO 80401
MLS# 9189215Listed by: METRO 21 REAL ESTATE GROUP