16680 W 11th Ave Avenue, Golden, CO 80401

• 2,300 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 1:20AM

Listing Office:

Marcus & Millichap Real Estate Investment Services of Atlanta, Inc. : 303-328-2050

Listing Agent:

Clayton Primm : 303-328-2075

MLS ID:

3500367

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: recolorado
• County: Jefferson

Lot

• Zoning: R-2SECTION 02 TOWNSHIP 04 RANGE 70 QTR NE SIZE: 21780 VALUE: .500 KEY=027001638
• Current Use: Multi-Family

Utilities

• Sewer: Public Sewer

Financial

• Source: recolorado
• Exclusions: n/a