2105 E 16th Ave Denver, CO

Investment Highlights

• Prime City Park Location
• Strong Demographics & Market Demand
• Desirable Tenant Amenities
• Value-Add Potential

Prime City Park Location

Located in the heart of Denver’s vibrant City Park neighborhood, 2105 East 16th Ave offers a six-unit multifamily investment opportunity in an exceptional location. Less than a mile from City Park, Cheesman Park, St. Luke’s Hospital, Tattered Cover Bookstore, and Pete’s Kitchen, this property provides tenants with easy access to popular dining, retail, and entertainment options. Nearby attractions also include Olive and Finch Restaurant, Denver East High School, and Fillmore Auditorium, further enhancing the property’s appeal to prospective renters.

Strong Demographics & Market Demand

The area surrounding 2105 East 16th Ave benefits from high-income demographics, with an average household income of $110,856 within a two-mile radius. The median home value of $724K exceeds the citywide average, reinforcing the desirability of the neighborhood. Additionally, population growth in the area surpasses the Denver average, increasing at a rate of 0.4% within a two-mile radius, further driving rental demand.

Desirable Tenant Amenities

2105 East 16th Ave offers on-site laundry facilities, providing tenants with added convenience and increasing the property’s marketability and retention rates.

Value-Add Potential

The property presents a significant value-add opportunity, as all six units remain in classic condition. Investors can increase rental income by implementing RUBs (Ratio Utility Billing System) and modernizing units with cosmetic updates, such as fresh paint, new flooring, modern light fixtures, updated countertops, and upgraded appliances. These enhancements can bring rents to market levels, maximizing the asset’s revenue potential.