New Construction
Listed By:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.;
Address
2479 S Broadway, Denver, CO
Price
$ 2,500,000
Property Attributes
  • MLS#6523085
  • TypeMulti-Family
  • Listing Status Active
  • CountyDENVER
  • CityDenver
  • NeighborhoodBreenlow Subdivision of South Denver
  • Zip80210
  • StyleQuadruplex
  • Year Built2025
  • Taxes$ 5749
  • Price$ 2,500,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage6000
Data Source:
REColorado (MTOMLS)
Property Description

2479 S Broadway is a newly constructed mixed-use multifamily asset along one of Denver’s most dynamic infill corridors. The property consists of 10 residential units and approximately 1,000 square feet of ground-floor retail and is offered prior to certificate of occupancy, with delivery projected in 4 to 6 months. This offering presents a rare opportunity to acquire brand-new product at a basis established before stabilization. Investors can step into the asset during final stages of construction, with flexibility to close prior to or at certificate of occupancy, while influencing lease-up execution and retail tenanting strategy. In a market where most new construction trades only after full delivery and stabilization, this timing creates a differentiated entry point. At a list price of $2,500,000, or $250,000 per unit and $373 per square foot, the asset is priced below recent new construction comparables, averaging approximately $288,000 per unit and $493 per square foot. This pricing provides a favorable basis relative to replacement cost, particularly given rising construction costs and barriers to new infill development. The property’s position along South Broadway offers immediate access to one of Denver’s most established retail and dining corridors, with strong connectivity to Downtown, the University of Denver, and the I-25 employment corridor. The submarket is defined by limited developable sites, fragmented ownership, and increasing difficulty in delivering new product at competitive economics, supporting long-term rent growth and appreciation. From an operational standpoint, the asset benefits from modern construction and an efficient unit mix of one-bedroom residences averaging approximately 600 square feet. The streamlined design supports ease of management, while new building systems and limited near-term capital requirements allow ownership to focus on lease-up and cash flow rather than renovation execution.

Elementary School Middle School High School
Asbury Elementary School Denver Montessori Middle School South High School
Price History
5/28/2026 Listed $2,500,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Roof Unknown
Zoning U-MX-3
Construction Materials Vinyl Siding
Exclusions n/a
Year Built 2025
Levels Three Or More
Property Subtype Quadruplex
Tax Year 2024
Ownership Individual
County Denver
Property Type Residential Income
HOA No
Attached Garage No
Subdivision Name Breenlow Subdivision of South Denver
Status Active
High School South
City Denver
Senior Community Y/N No
High School District Denver 1
Listing Terms Cash,Conventional,Other
Elementary School Asbury
Tax Annual Amount 5749
Middle/Junior High School Denver Montessori
Structure Type Quadruplex
Standard Status Active
Occupancy Type Owner
Middle/Junior School District Denver 1
Elementary School District Denver 1

Interior Features

Basement (Y/N) No
Above Grade Finished Area 6000
Total Bedrooms 10
Total Baths 10

Exterior Features

Building Area Total 6000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 80210

Price
AVG $1.25M
$2.5M
Taxes
AVG $5,051
$5,749
Year Built
AVG 1954
2025
Visits
AVG 145
103
Data Provided by Inside Real Estate®