New

$2,500,000

For Sale

2 hours ago

2479 S Broadway, Denver, CO

Name: 2479 S Broadway, For Sale in Denver - eXp Realty
Brand: Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
SKU: 6523085
Price: 2500000 USD

House

MLS® 6523085

10 Bed

10 Bath

6000 sqft

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 6000 sqft

Garage

Taxes $5,749

Days Active 0

Lot Size

Approx. Age 2025

Avg. Price Per Sqft $416

MLS® Number 6523085

Property Address: 2479 S Broadway, Denver, CO, 80210-5012

Average square foot calculated using Size range provided by listing agent.

Description

2479 S Broadway is a newly constructed mixed-use multifamily asset along one of Denver's most dynamic infill corridors. The property consists of 10 residential units and approximately 1, 000 square feet of ground-floor retail and is offered prior to certificate of occupancy, with delivery projected in 4 to 6 months. This offering presents a rare opportunity to acquire brand-new product at a basis established before stabilization. Investors can step into the asset during final stages of construction, with flexibility to close prior to or at certificate of occupancy, while influencing lease-up execution and retail tenanting strategy. In a market where most new construction trades only after full delivery and stabilization, this timing creates a differentiated entry point. At a list price of $2, 500, 000, or $250, 000 per unit and $373 per square foot, the asset is priced below recent new construction comparables, averaging approximately $288, 000 per unit and $493 per square foot. This pricing provides a favorable basis relative to replacement cost, particularly given rising construction costs and barriers to new infill development. The property's position along South Broadway offers immediate access to one of Denver's most established retail and dining corridors, with strong connectivity to Downtown, the University of Denver, and the I-25 employment corridor. The submarket is defined by limited developable sites, fragmented ownership, and increasing difficulty in delivering new product at competitive economics, supporting long-term rent growth and appreciation. From an operational standpoint, the asset benefits from modern construction and an efficient unit mix of one-bedroom residences averaging approximately 600 square feet. The streamlined design supports ease of management, while new building systems and limited near-term capital requirements allow ownership to focus on lease-up and cash flow rather than renovation execution.

MLS® Number6523085

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2025

Basement

DrivewayNone

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 28, 2026List Date

$2,500,000List Price

Commute

Commute

Starting Address

Destination Address

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