7 Beds
5 Baths
2,300 SqFt
7 Beds
5 Baths
2,300 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,300 sqft
Price per Sqft $369
Subdivision Golden Pines
MLS Listing ID 9091839
Bedrooms 7
HOA Y/N No
Abv Grd Liv Area 2,300
Year Built 1950
Annual Tax Amount $4,004
Tax Year 2025
Property Sub-Type Quadruplex
Source recolorado
Property Description
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.
Location
State CO
County Jefferson
Zoning R-2
Interior
Heating Forced Air
Cooling Other
Fireplace N
Exterior
Roof Type Unknown
Total Parking Spaces 10
Garage No
Building
Sewer Public Sewer
Level or Stories One
Structure Type Frame
Schools
Elementary Schools Foothills
Middle Schools Bell
High Schools Golden
School District Jefferson County R-1
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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