5151 - 5171 W 10th Ave
5151 W 10th Ave
Denver, CO 80204
Description
5151-5171 W 10th Ave is an exceptional investment opportunity featuring 11 modern, individually deeded, townhome units constructed in November 2020. This property offers a diverse mix of six 2-bedroom, 2.5-bath units, two 2-bedroom, 2-bath units, and three 1-bedroom, 1.5-bath units. Nine of the units include garages, and all units are equipped with in-unit washer and dryer facilities, air conditioning, and heating. Ideally located on Sheridan and conveniently close to 6th Ave and the Colfax corridor, this property provides excellent accessibility to the greater metropolitan area. Additionally, it is just a few blocks away from the RTD, enhancing its connectivity to the city.
The Denver metropolitan area continues to perform as one of the Mountain West’s most resilient multifamily markets. Home to over three million residents, the region benefits from consistent in-migration, a diversified job base, and a population that is among the most educated and highest-earning in the country. Median household income exceeds $100,000, with nearly half of adults holding a bachelor’s degree or higher, reinforcing a strong professional tenant profile.
Economic growth has remained steady through 2025 as Denver’s employment base expands across sectors such as technology, aerospace, healthcare, and finance. The metro’s labor force participation rate is among the nation’s highest, and new business formation continues to outpace most peer cities. These fundamentals underpin a durable economy that supports stable occupancy and predictable rent performance.
While new deliveries remain active in select corridors, absorption has consistently kept pace, with vacancy tightening modestly throughout 2024 and into early 2025. Developers have moderated new starts in response to higher financing costs, allowing the market to rebalance favorably. Denver’s maturing rent growth—now largely driven by organic turnover and operational improvements rather than heavy concessions—underscores the market’s stability.
With limited land availability, strong household income growth, and sustained in-migration, Denver remains one of the most balanced and dependable apartment markets in the nation. Long-term investors continue to view the metro as a strategic hold supported by population growth, economic diversity, and enduring lifestyle appeal.
