16680 W 11th, Golden, CO 80401
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16680 W 11th, Golden, CO 80401
16680 W 11th, Golden, CO 80401
16680 W 11th, Golden, CO 80401
16680 W 11th, Golden, CO 80401
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Dave Fish

Dave Fish

+1(303) 818-3413
$ 850,000
Est. payment /mo
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16680 W 11th Golden, CO 80401

7 Beds

5 Baths

2,300 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,300 sqft

Subdivision Golden Pines

MLS Listing ID IRE9091839

Bedrooms 7

HOA Y/N No

Year Built 1950

Annual Tax Amount $4,004

Tax Year 2025

Source ires

Property Description

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.

Location

State CO

County Jefferson

Community Golden Pines

Area Metro Denver

Zoning R-2

Interior

Heating Forced Air

Exterior

Parking Features Off Street

Garage Spaces 10.0

View Y/N No

Roof Type Other

Garage Yes

Building

Sewer Public Sewer

Level or Stories One

Structure Type Frame

New Construction false

Schools

Elementary Schools Foothills

Middle Schools Bell

High Schools Jefferson Dist R-1

School District Jefferson Dist R-1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Charles Burkhart

NEARBY SCHOOLS & PROPERTIES

Dave Fish

Dave Fish

+1(303) 818-3413

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