4975-4979 King St — Sale in Denver, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Denver, CO 80221

Photos

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Investment Figures

Cap rate
4.84%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 4575–4579 N King St, a unique two-parcel residential and redevelopment opportunity in Northwest Denver offered at $800,000. Comprising approximately 9,017 square feet of land across two separate lots, the property provides an attractive basis of just $400,000 per parcel and benefits from flexible R-3 zoning that supports multiple investment strategies, including maintaining the existing residences, pursuing individual parcel development, or executing a higher-density redevelopment with potential building heights up to five stories and reduced parking requirements. Supported by nearby residential sales averaging approximately $522,000, the offering presents strong underlying land value and significant long-term upside. Located near Regis University with convenient access to Downtown Denver, 4575–4579 N King St offers investors, developers, and owner-users a rare opportunity to acquire a well-positioned Northwest Denver asset with both immediate utility and future redevelopment potential. Investment Highlights: • Prior 18-unit development plan and eliminated parking minimums create a rare opportunity to increase density and maximize redevelopment potential. • Two separately platted parcels totaling 9,017 SF offer flexibility for redevelopment, resale, phased execution, or long-term hold strategies. • Prime Northwest Denver location adjacent to Regis University with income-producing homes providing cash flow during entitlement and planning.

Market Context

This multifamily in Denver, CO is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Denver, CO — view the full market.

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