Downing Square Apartments

For Sale

3280 N Downing St, Denver, CO 80205

This Denver property for sale is located at 3280 N Downing St. The general use of Downing Square Apartments is multi-family and it incorporates 52,650 square feet of class C multi-family space. The current listed sale price for Downing Square Apartments is $10,500,000. Downing Square Apartments is situated on a lot that is 0.75 acre in size.

Contacts

broker

Elliott Polanchyck

Unique Properties

Property Details

  • Property Type Multi-Family
  • Property Size 52,650 SF
  • Units 50
  • Lot Size 0.75 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1998
  • Date Updated Jun 18, 2024
3280 N Downing StThe Downing Square Apartments is an impressive property that houses 50 apartment units of which 40 are one-bedroom and 10 are two-bedroom units. Situated in the vibrant neighborhoods of RiNo and Five Points, this LIHTC property also features five commercial units on the ground floor. The property currently has a Low-Income Housing Tax Credit Land Use Restriction Agreement in place that is nearing expiration in approximately five years. The reason this deal is so attractive is it offers great cashflow with a 5.99% cash on cash return with immediate upside. This property affords the ability to convert the property to market rate tenants upon expiration of the rental restriction agreement. With 1998 construction being offered at $199 $/ft this property is an opportunity to obtain a great basis in a rapidly changing neighborhood.

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Getting around

  • 94/100

    Walk Score ®

  • 58/100

    Transit Score ®

  • 98/100

    Bike Score ®

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Location

  • City Denver, CO
  • Neighborhood Cole
  • Zip Code 80205
  • Market Denver

Points of Interest

  • Union Station Light Rail Plaza

    1.67 miles

  • 10th & Osage

    2.75 miles

  • Commerce City & 72nd

    4.68 miles

  • Olde Town Arvada

    6.22 miles

  • Bakken Motorcars

    8.01 miles

  • Northglenn & 112th

    9.70 miles

  • 7-Eleven

    0.25 miles

  • Phillips 66

    0.64 miles

  • Jenny's Market

    1.15 miles

  • Conoco

    1.36 miles

  • Chestnut Public Parking Lot

    1.37 miles

  • EVgo

    2.04 miles

  • Electrify America

    4.26 miles

  • SemaCharge

    4.52 miles

  • Edgewater, CO Tesla Supercharger

    4.61 miles

  • ChargePoint

    4.62 miles

  • 30th & Downing Park & Ride

    0.26 miles

  • Colorado Public Television Parking

    0.45 miles

  • The Source Hotel Parking Garage

    0.53 miles

  • Denver Health Parking

    0.57 miles

  • 38th & Blake Park-n-Ride

    0.65 miles

  • Industry Denver Phase III

    0.74 miles

  • Coors Field Parking Lot A

    0.88 miles

  • Thomas Bean Towers Parking Garage

    0.99 miles

  • SCL Health Saint Joseph Hospital Parking

    1.08 miles

  • Catbird Hotel

    0.47 miles

  • The Source Hotel

    0.56 miles

  • Ramble Hotel

    0.81 miles

  • Hostel Fish

    1.22 miles

  • The Ritz-Carlton, Denver

    1.32 miles

  • The Rally Hotel at McGregor Square

    1.34 miles

  • Hampton

    1.35 miles

  • Hilton Denver City Center

    1.43 miles

  • Residence Inn Denver City Center

    1.43 miles

  • Hilton Garden Inn Denver Union Station

    1.44 miles

  • Downing Supermarket

    0.09 miles

  • Gem Supermarket

    0.24 miles

  • Natural Grocers

    0.72 miles

  • Safeway

    0.99 miles

  • Pacific Mercantile

    1.30 miles

  • Skye Market & Liquor

    1.39 miles

  • Marczyk Fine Foods

    1.39 miles

  • King Soopers

    1.42 miles

  • Target

    1.57 miles

  • Ross

    1.59 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Elliott Polanchyck

Unique Properties