2940 W Arkansas Avenue Denver, CO $ 3,600,000
2940 W Arkansas Avenue
$ 3,600,000
Recently Listed
Share Save

2940 W Arkansas Avenue

Denver, CO, 80219
$ 3,600,000
Bedrooms-- Baths-- Sq 18,482

Monthly Estimate*

$ 22,166

Listed by Pinnacle Real Estate Advisors
2940 W Arkansas Avenue, Denver, CO 80219 - Image 1
2940 W Arkansas Avenue, Denver, CO 80219 - Image 2
2940 W Arkansas Avenue, Denver, CO 80219 - Image 3
2940 W Arkansas Avenue, Denver, CO 80219 - Image 4
2940 W Arkansas Avenue, Denver, CO 80219 - Image 5
2940 W Arkansas Avenue, Denver, CO 80219 - Image 6
2940 W Arkansas Avenue, Denver, CO 80219 - Image 7
2940 W Arkansas Avenue, Denver, CO 80219 - Image 8
2940 W Arkansas Avenue, Denver, CO 80219 - Image 9
2940 W Arkansas Avenue, Denver, CO 80219 - Image 10
2940 W Arkansas Avenue, Denver, CO 80219 - Image 11
2940 W Arkansas Avenue, Denver, CO 80219 - Image 12
2940 W Arkansas Avenue, Denver, CO 80219 - Image 13
2940 W Arkansas Avenue, Denver, CO 80219 - Image 14
2940 W Arkansas Avenue, Denver, CO 80219 - Image 15
2940 W Arkansas Avenue, Denver, CO 80219 - Image 16
2940 W Arkansas Avenue, Denver, CO 80219 - Image 17
2940 W Arkansas Avenue, Denver, CO 80219 - Image 18
2940 W Arkansas Avenue, Denver, CO 80219 - Image 19
2940 W Arkansas Avenue, Denver, CO 80219 - Image 20
2940 W Arkansas Avenue, Denver, CO 80219 - Image 21
2940 W Arkansas Avenue, Denver, CO 80219 - Image 22
2940 W Arkansas Avenue, Denver, CO 80219 - Image 23
2940 W Arkansas Avenue, Denver, CO 80219 - Image 24
2940 W Arkansas Avenue, Denver, CO 80219 - Image 25
2940 W Arkansas Avenue, Denver, CO 80219 - Image 26
2940 W Arkansas Avenue, Denver, CO 80219 - Image 27
2940 W Arkansas Avenue, Denver, CO 80219 - Image 28
2940 W Arkansas Avenue, Denver, CO 80219 - Image 29

Commercial Property for sale in Denver, CO

for $3,600,000. This 18,482 square foot building was built in 1961 on a lot size of 0.94.

Ponderosa Apartments represents a quality multifamily investment opportunity situated within a high-demand, transit-oriented Denver submarket. The property distinguishes itself by offering an exceptional 7% CAP rate based on actual trailing 12 month numbers, providing investors with immediate and robust cash flow that outperforms typical market yields for stabilized assets. This strong day-one return is coupled with a significant reduction in risk, as ownership has recently addressed the property’s major infrastructure needs. These critical capital improvements include the installation of a new boiler system, a full electrical upgrade with the replacement of all electrical panels, and the professional resurfacing of the asphalt parking lot. The asset features a strategic unit mix consisting of large two-bedroom and three-bedroom floor plans. The spacious layouts allow the property to attract and retain a stable, long-term tenant base. Further enhancing the investment thesis is a proven value-add track record; with 50% of the units already fully renovated, there is a clear proof of concept regarding the rent premiums achievable in the local market. A new owner can focus on finishing the remaining classic units to capture additional upside and drive net operating income. 7% CAP RATE ON ACTUAL NUMBERS, 9.5% CASH ON CASH RETURN. (19) 2BR/1BA & (1) 3BR/2BA UNITS. NEW BOILER. UPDATED WINDOWS. NEW PARKING LOT ASPHALT RESURFACING. NEWER ROOF. ALL ELECTRIC PANELS REPLACED. 50% OF THE UNITS HAVE BEEN FULLY RENOVATED WITH NEW FLOORING CABINETS, COUNTERTOPS, APPLIANCES, AND FULL BATHROOM REMODELS.

See more

Commercial Active

Price

$ 3,600,000

Property Type

Commercial

Taxes

$ 22,548

Style

Lot Size

0.94

Year Built

1961

Town/City

Denver

County/Region

Denver

MLS | Web ID

8466675

Features
General
Sewer Public Sewer
Zoning E-MU-2.5
Garage Spaces 0
Exclusions Tenant's personal property
Year Built 1961
Stories Count 2
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Gross Income 356317
Building Name Ponderosa Apartments
County Denver
Operating Expense 101231
Property Type Commercial Sale
Attached Garage N
Status Active
City Denver
Number Of Units Total 20
Lot Size Units Square Feet
Lot Size Square Feet 40729
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 22548
Standard Status Active
Occupancy Type Tenant
Cap Rate 7.09
See more
Exterior
Water Source Public
Total Parking 40
Lot Size Area 40729
Building Area Total 18482
Lot Size Acres 0.94
See more
Internal Only
Street Number 1 2940
See more
* Excluded Features
List By
Pinnacle Real Estate Advisors

Broker

(303) 962-9543

Phone

Affordability Calculator

$24,045
Per Month
92%
8%
0%
Monthly Principal & Interest
$22,166
Monthly Property Taxes
$1,879
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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$3,600,000 Listed Price

Map


See all

2940 W Arkansas Avenue, Denver, CO, 80219 is a Commercial Property for sale at $3,600,000 with 18,482 sqft and a lot size of 0.94. 2940 W Arkansas Avenue was built in 1961. The property's zip code is 80219 which is in Denver, CO