The Jefferson Apartments

Edgewater is a compact yet highly desirable submarket located just west of Downtown Denver, offering residents a walkable, amenity-rich lifestyle adjacent to Sloan’s Lake. Though the city spans less than one square mile and is home to roughly 5,400 residents, it plays an outsized role as part of the greater West Denver corridor, contributing meaningfully to the region’s ongoing rental and redevelopment momentum. Median household income stands near $74,000, supported by a well-educated and professional renter base drawn to the area’s central location and neighborhood character. Edgewater’s housing stock remains limited, with single-family home values averaging above $600,000. The multifamily market is exceptionally tight, driven by minimal available land and virtually no new development pipeline. Existing apartment communities enjoy consistently strong occupancy and high renewal rates, while the scarcity of buildable sites continues to preserve long-term value for owners. The broader West-Denver area continues to attract young professionals seeking proximity to local retail, dining, and recreation amenities such as Edgewater Public Market and Sloan’s Lake Park. This organic demand, paired with low resident turnover and quick access to major employment centers, has kept Edgewater’s rental market firm even through broader economic shifts. For investors, Edgewater represents a rare opportunity to acquire in one of the metro’s most supply-constrained and enduringly popular environments. Its combination of infill location, walkable amenities, and proven rent stability positions it as a premier niche for multifamily ownership within the Denver metro.The Unique Apartment Group is pleased to present the opportunity to acquire 6915 W 24th Ave in Edgewater, Colorado, also known as The Jefferson Apartments. The Jefferson Apartments is a low-rise multifamily asset comprised of approximately eleven (11) units, featuring a blend of nine (9) 1bedroom/1bathroom and two (2) 2bedroom/1bathroom units. The building totals roughly 8,744 Sq. Ft. on a 20,606 Sq. Ft. (0.47 AC) lot. Current ownership has kept the property in excellent condition through consistent investment in maintenance and significant capital improvements within the last decade. Exterior improvements include a new roof, replacement of the exterior walkway, fresh exterior paint, and concrete foundation stabilization. Interior and system upgrades include HVAC replacement, new doors and windows throughout, LVP flooring in select units, and continued general system maintenance. Located in the heart of Edgewater, Jefferson Apartments benefits from an exceptional location surrounded by abundant community amenities, including Edgewater Public Market, Sloan’s Lake Park, and numerous local restaurants and cafes. Nearby neighborhoods such as Wheat Ridge, West Highlands, Sloan’s Lake, and Berkeley provide additional retail, dining, and entertainment options, while Colfax Avenue and Sheridan Boulevard offer convenient access to downtown Denver and the broader metro area. These features collectively help drive long-term tenant demand and sustained value appreciation. The property is currently operated by a Jefferson County non-profit organization, presenting a compelling opportunity for investors to reposition the asset under a traditional multifamily management model. The upside lies in aligning below-market rents with prevailing rates and improving operational efficiency through expense optimization. With a strong physical foundation already in place, the property offers room for a value-add strategy, giving new ownership the opportunity to modernize units, elevate presentation, and push rent values through thoughtful upgrades.