Lender-Owned | Value Add Multifamily | Denver MSA

Highlights:

• Three Adjacent Buildings, One Execution: 33 units across 3 adjacent Class C walk-up buildings, creating a competitive advantage
• Vacancy Creates a Value-Add Runway: With 21 vacant units, new ownership can renovate and lease straight to market rents.
• Meaningful Rent Upside to Market: In-place rents are at a ~ 30% discount to sub-market rents, particularly in one bedrooms.
• Untapped Utility Recovery / Operations Upside: No in-place RUBS/utility billback means a new owner could create NOI growth without pushing rent.
• Attractive Basis, Well Below Replacement Cost: Expected to trade below replacement cost, a rare entry point for infill Denver-metro housing.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/3517/multifamily/aurora/co?utm_source=brevitas&utm_medium=paid_listing&utm_campaign=december2_2026&utm_content=multifamily_3517

Brokered by Kenai Capital Advisors and powered by RealINSIGHT Marketplace, the Macon Street Portfolio is a 33-unit, 20,325 SF collection of three adjacent multifamily buildings in the East Aurora, CO submarket, just south of East Colfax Avenue. This Lender REO sale will provide a basis at a fraction of the estimated replacement cost and below recent vintage multifamily trades in the area.

The Macon Street Portfolio offers an attractive opportunity for investors seeking scale, a discounted basis, and a clear value-add path in one of the Denver metro’s most established infill corridors. Common ownership of these three contiguous apartment buildings through a single transaction lets one operator capture the efficiencies in management, leasing, maintenance and capital planning that are hard to find in a submarket dominated by small, fragmented assets. The unit mix consists of 31 one-bedroom and two two-bedroom units, complemented by off-street parking. Roughly two-thirds of the units are currently vacant, so new ownership can renovate and lease directly to market rather than waiting for natural turnover.

The Portfolio sits six blocks from the Fitzsimons/Anschutz Medical Campus, one of Colorado’s largest employment centers with more than 30,000 workers, including Children’s Hospital Colorado. Residents have direct access to East Colfax Avenue, I-225 and the RTD R Line, which connects to downtown Denver and the broader metro.


Bidding Opens
Dec 01 1:00 AM
Bidding Closes
Dec 03 1:00 AM

Documents: