Denver, CO 80205,407, 421, 422 29th ST
Denver, CO 80205,407, 421, 422 29th ST
Denver, CO 80205,407, 421, 422 29th ST
Denver, CO 80205,407, 421, 422 29th ST
Denver, CO 80205,407, 421, 422 29th ST
Denver, CO 80205,407, 421, 422 29th ST
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Matt Thomas

Matt Thomas

+1(303) 269-1617
$ 6,500,000
Est. payment | /mo

22,996 SqFt

Save
$ 6,500,000
Est. payment | /mo
Save

22,996 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 22,996 sqft

Price per Sqft $282

MLS Listing ID 6482809

HOA Y/N No

Year Built 1929

Annual Tax Amount $43,488

Tax Year 2025

Lot Size 0.395 Acres

Acres 0.4

Property Sub-Type Multi Family

Source recolorado

Property Description

The Flats on 29th represents an outstanding, renovated 34-unit multifamily investment situated in Denver's dynamic Five Points neighborhood. This offering is uniquely compelling due to the opportunity for investors to assume an attractive, fixed-rate financing structure, significantly boosting the initial cash yield on a property that has been comprehensively updated within the last decade. The diverse unit mix includes one-, two-, and three-bedroom layouts, providing broad market appeal. Property renovations are extensive, featuring new windows, modern flooring, contemporary paint, and designer lighting. Furthermore, every kitchen has been upgraded with granite countertops, newer cabinetry, and stainless-steel appliances (with dishwashers in select units). Enhancing operational efficiency, all 34 units are individually metered for both gas and electric. The core advantage remains the debt assumption: a 4.26% fixed-rate, interest-only loan offers an immediate, profound financial benefit, reducing debt service and substantially increasing cash flow compared to current conventional financing. This rare combination of a fully updated physical asset, minimal CapEx exposure, and below-market debt positions The Flats on 29th as a prime investment ready for long-term growth. ASSUMABLE FINANCING AT 4.26%, INTEREST ONLY, THROUGH 2029. INDIVIDUALLY METERED FOR GAS AND ELECTRIC. INTERIOR UPDATES INCLUDING: NEWER KITCHENS WITH GRANITE COUNTERTOPS. UPDATED CABINETS AND STAINLESS-STEEL
APPLIANCES. UPDATED BATHROOMS WITH TUBS AND DIVERTERS/ TILE SURROUNDS/ALL PLUMBING FIXTURES. NEW EXTERIOR PAINT / CARPETING IN BEDROOMS & WOOD LAMINATE IN LIVING AREAS. 2 BLOCKS TO THE LIGHT RAIL/ DOWNTOWN VIEWS. LOCATED IN DENVER'S HISTORIC FIVE POINTS NEIGHBORHOOD, WITH EASY ACCESS TO RINO ART DISTRICT, DOWNTOWN DENVER AND THE LIGHT RAIL

Location

State CO

County Denver

Interior

Fireplace N

Exterior

Garage No

Building

Sewer Public Sewer

Water Public

Others

Special Listing Condition None

REColorado (REColorado MLS)
© 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Polaris at Ebert Elementary School

    Public | KG - 5

  • 9

    Steck Elementary School

    Public | PK - 5

  • 9

    Park Hill School

    Public | PK - 5

  • 8

    Bromwell Elementary School

    Public | KG - 5

  • 8

    Teller Elementary School

    Public | PK - 5

  • 7

    Valdez Elementary School

    Public | PK - 5

  • 7

    Pioneer Charter School

    Public | PK - 8

  • 6

    Academia Ana Marie Sandoval

    Public | PK - 6

  • 6

    University Preparatory

    Public | KG - 3

  • 5

    Bryant Webster Dual Language ECE-8 School

    Public | PK - 8

  • 5

    Trevista at Horace Mann

    Public | EE - 5

  • 5

    Greenlee Elementary School

    Public | PK - 5

  • 4

    Beach Court Elementary School

    Public | PK - 5

  • 4

    Garden Place Elementary School

    Public | PK - 5

  • 4

    Cole Arts and Science Academy

    Public | PK - 5

  • 4

    Wyatt Academy

    Public | KG - 8

  • 4

    Columbine Elementary School

    Public | PK - 5

  • 3

    Valverde Elementary School

    Public | PK - 5

  • 3

    Harrington Elementary School

    Public | PK - 5

  • 1

    Swansea Elementary School

    Public | PK - 5

Middle Schools 18
  • 7

    Morey Middle School

    Public | 6 - 8

  • 7

    Girls Athletic Leadership School

    Public | 6 - 8

  • 6

    Hill Campus of Arts and Sciences

    Public | 6 - 8

  • 5

    Denver Center for International Studies

    Public | 6 - 12

  • 5

    Dora Moore ECE-8 School

    Public | EE - 8

  • 5

    Whittier ECE-8 School

    Public | EE - 8

  • 4

    Strive Prep - Sunnyside

    Public | 6 - 8

  • 4

    Bruce Randolph School

    Public | 6 - 12

  • 1

    Justice High School Denver

    Public | 7 - 12

  • 0

    Ace Community Challenge School

    Public | 8 - 10

  • 0

    La Academia at the Denver Inner City Parish

    Private | 7 - 12

  • 0

    West Generation Academy

    Public | 6 - 12

  • 0

    West Leadership Academy

    Public | 6 - 12

  • 0

    Denver Public Montessori Junior/Senior High School

    Public | 6 - 7

  • 0

    DSST: Cole Middle School

    Public | 6 - 8

  • 0

    McAuliffe at Manual

    Public | 6 - 7

  • 0

    Denver Center for 21st Learning at Wyman

    Public | 6 - 12

  • 0

    P.R.E.P. (Positive Refocus Education Program)

    Public | 6 - 12

High Schools 11
  • 6

    East High School

    Public | 9 - 12

  • 4

    Denver Online High School

    Public | 9 - 12

  • 4

    Manual High School

    Public | 9 - 12

  • 1

    Academy of Urban Learning

    Public | 9 - 12

  • 0

    Florence Crittenton High School

    Public | 9 - 12

  • 0

    Contemporary Learning Academy High School

    Public | 9 - 12

  • 0

    Colorado High School

    Public | 10 - 12

  • 0

    West Career Academy

    Public | 9 - 12

  • 0

    West High School

    Public | 9 - 12

  • 0

    Emily Griffith Technical College

    Public | 9 - 12

  • 0

    Compassion Road Academy

    Public | 9 - 12

School and business data provided by Attom Data.

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Matt Thomas
Matt Thomas

Consultant | Broker Associate | FA100030130

+1(303) 269-1617

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407, 421, 422 29th ST