Development Opportunity – Land Approved for 5-Story, 33-Unit Project
The property currently includes three existing residential units and a storage structure, all of which can generate interim rental income during the permitting process.
Exceptional investment opportunity to acquire a development parcel that was previously approved by Denver permitting department for a 5-story, 33-unit multifamily project. While the previous permitting process expired, the project can be resubmitted for approval, with an estimated timeline of approximately 9–12 months. The original architect is available and familiar with the plans, offering a seamless path forward to the construction phase.
For sale
Price cut: $107.5K (5/29)
$2,042,500
2900 W 32nd Avenue, Denver, CO 80211
7beds
4baths
3,958sqft
Est.:
Triplex
Built in 1912
-- sqft lot
$1,930,200 Zestimate®
$516/sqft
$-- HOA
What's special
- 44 days
- on Zillow |
- 267 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: June 05, 2025 at 02:23pm
Listed by:
Christine Kresge ckresge@ave-realty-mtg.com,
Avenue Realty & Mortgage
Source: REcolorado,MLS#: 5401991

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Evaporative Cooling
Features
- Basement: Finished
Interior area
- Total structure area: 3,958
- Total interior livable area: 3,958 sqft
- Finished area above ground: 3,016
- Finished area below ground: 942
Property
Parking
- Total spaces: 4
- Details: Off Street Spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,018.8 Square Feet
- Features: Level
Details
- Parcel number: 229404096
- Zoning: G-MU
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Lohi
HOA
- Has HOA: No
Location
- Region: Denver
Financial & listing details
- Price per square foot: $516/sqft
- Tax assessed value: $1,508,800
- Annual tax amount: $150
- Date on market: 5/8/2025
- Listing terms: 1031 Exchange,Cash,Conventional,Jumbo,Other
- Exclusions: Tenants Personal Property
- Ownership: Agent Owner
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