Just Sold: 8-Unit Multifamily Property in Denver, CO Closes for $2,000,000

Address: 3500 N Tennyson St., Denver, CO 80211
Sale Price: $2,000,000
Date Closed: January 2, 2024
Total Units: 8 ($250,000/Unit)
Building Size: 4,820 SF ($415/SF)
Cap Rate: 5.0%
Property Type: Multifamily

Denver, CO – January 4, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 3500 N Tennyson St., Denver, CO 80211.

Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction. Adam Waggoner of Generator Real Estate worked with the buyer.

“Our marketing highlighted the vibrancy of the North Tennyson neighborhood,” stated NorthPeak’s Conner Piretti. “It worked wonderfully, and we had multiple offers within a week,” added Greg Johnson.

Cornerstone Apartment Services will continue to manage the property for the new owner.

For more information on this investment or current market conditions, please contact Greg Johnson at 303-810-1328 or Greg@NorthPeakCRE.com.