Multifamily Property for Sale in Idaho Springs, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Idaho Springs, CO 80452

Description

Marcus & Millichap is pleased to present the 2 Park Port – Empire & Lawson CO, a cash-flowing, value-add manufactured housing investment consisting of 38 total units across two communities located in Lawson, CO and Empire, CO, along Colorado’s highly desirable I-70 mountain corridor. Located est of Denver along the I-70 corridor connecting the Denver Metro Area to Summit County and Colorado’s major resort markets, Lawson and Empire serve as critical workforce and commuter housing hubs. The region benefits from proximity to outdoor recreation, tourism-driven employment, and regional trade, while facing significant housing supply constraints due to zoning restrictions, limited land availability, and high replacement costs. These dynamics continue to drive strong demand for affordable housing options throughout Clear Creek County. The portfolio consists of 38 total units, including 17 TOH, 1 vacant lot, 6 apartment style occupied units and 1 vacant apartment style unit at Western Inn and 7 TOH, 1 RTO & 5 apartment style occupied units at Empire Junction, along with limited vacancy across the portfolio, providing immediate and stable cash flow. The unit mix includes manufactured home lots and single-family homes & apartment units, offering diversified income streams. In-place rents remain below market, with meaningful upside through mark-to-market rent increases and improved revenue recapture. The communities are serviced by private water and public sewer at Western Inn and septic at Empire Junction, with trash service provided via dumpsters at both parks. Water & Sewer & Trash are included in rent. Roads are privately maintained. The properties are not located in an Opportunity Zone. Empire Junction is in a flood exposure but only a few lots are affected. Western Inn is not in any Flood Zone. The portfolio is being offered at a purchase price of $4,900,000, reflecting an in-place global cap rate of approximately 8.01% based on trailing financials. Under a market rent a

Market Context

This multifamily in Idaho Springs, CO is listed for sale. It is offered at an approximate 7.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 67 days. Compare it against other multifamily listings for sale in Idaho Springs, CO — <a href="/search/sale/multifamily/colorado/idaho-springs">view the full market</a>.

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