2926-2932 Eliot Cir

Highlights:

• Two 3,518 SF buildings
• Two - 4 unit Building (8 Units Total)
• Fannie Mae Financing Available
• Built in 1962
• Recent Interior Renovations
• Recent Common Area Renovations
• Located in Westminster area
• Low Maintenance Brick Exterior
• Attractive Unit Layouts

Description:

Prime small-multifamily opportunity in Westminster, CO—two side-by-side 4-plexes, 8 units total, each building approximately 3,518 SF. Because these are two separate 4-unit buildings, buyers may be able to take advantage of Fannie Mae financing, creating more flexibility in loan structure, down payment, and long-term hold strategy compared to larger commercial multifamily.

Built in 1962 and situated in an R-4 zoned area, the property is currently 50% occupied, giving investors a blend of immediate income and clear value-add upside through lease-up and repositioning. Located in a strong Westminster rental corridor, this is an excellent fit for investors looking to scale their portfolio with finance-friendly, small-balance multifamily in a high-demand market.

Connected, Walkable, Growing Submarket

The surrounding area features a well-established residential neighborhood supported by expanding commercial amenities, mixed-use redevelopment, and extensive trail systems. Residents enjoy walkability to parks, regional greenways, and the Little Dry Creek Open Space. The submarket continues to attract long-term renters due to its convenience, affordability relative to Denver proper, and strong lifestyle appeal.

Strong Community Amenities

Westminster offers more than **60 public parks** and over **150 miles of interconnected trails**, creating a recreational ecosystem that adds significant value for tenants. Retail, dining, and service establishments are nearby, along with emerging new developments planned around Westminster Station and “Downtown Westminster,” further enhancing future desirability and tenant demand.

Anchored in a Transforming Urban District

The property sits within a district targeted for long-term public and private investment, including transit enhancements, mixed-use infill, and improved connectivity. This location provides meaningful upside for rental growth, repositioning, and long-term asset stability.

Market Fundamentals

Westminster’s central positioning between Denver and Boulder provides a diversified renter pool: commuters, service workers, young professionals, and long-term residents seeking affordability without sacrificing location or lifestyle. This submarket offers historically steady occupancy and competitive rent levels, making it an attractive environment for cash-flow-focused investors as well as value-add operators.

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