16680 W 11th Ave Avenue
Golden, CO, 80401 $ 850,000
Bedrooms-- Baths-- Sq 2,300 Monthly Estimate*
$ 5,234
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
for $850,000. This 2,300 square foot building was built in 1950 on a lot size of 0.5.
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.
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FeaturesGeneralSewer Public Sewer
Zoning R-2
Garage Spaces 0
Exclusions n/a
Year Built 1950
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
County Jefferson
Property Type Commercial Sale
Attached Garage N
Status Active
City Golden
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 21780
Carport Spaces 0
Tax Annual Amount 2601
Standard Status Active
Cap Rate 6.57
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ExteriorTotal Parking 0
Lot Size Area 0.5
Building Area Total 2300
Lot Size Acres 0.5
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* Excluded FeaturesList ByMarcus & Millichap Real Estate Investment Services Of Atlanta, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $5,234
- Monthly Property Taxes
- $217
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Golden, CO
Average List Price $2,115,571
Percent of Sale Price 149%
About Golden, CO 21,030 Population
22% Since 2002
$ 66,642 Median Income
35.48 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/31/2026 | $850,000 | | Listed Price |