Denver's Hot Market For Investment Condos: Where To Buy

Denver, Colorado, is a great place to invest in a condo, with a diverse economy, high home values, and a strong rental demand. The city has a lot to offer, from a thriving job market to a desirable lifestyle with a mild climate and plenty of outdoor recreational activities.

The Denver housing market is hot, with a median sale price of $620,000 in April 2024, and homes typically sell after just 12 days on the market. The city has seen consistent appreciation in home values, and the demand for rentals remains high, with vacancy rates consistently below the national average.

Some of the best places to buy investment condos in Denver include Union Station, RiNo (River North Art District), Highland Park, Wash Park (Washington Park), and Sloan's Lake. These neighbourhoods offer a blend of residential, commercial, and retail properties, as well as a range of amenities that make them attractive to potential renters.

When looking to buy an investment condo in Denver, it's important to consider factors such as growth potential, rental demand, amenities, and the long-term economic viability of the neighbourhood. With its strong market and desirable lifestyle, Denver is an optimal locale for real estate investment.

Condos in the River North Art District

Denver's River North Art District, or RiNo, is a trendy and vibrant neighbourhood that has experienced substantial development in recent years. It is known for its art galleries, boutiques, and diverse culinary scene, attracting young professionals and families seeking a lively urban environment.

The Burrell

The Burrell offers brand new one-, two-, and three-bedroom condos with Energy-Star-rated appliances, in-unit washers and dryers, open living spaces, and large windows that let in tons of natural light. These condos are ready to move into and are located in the heart of the RiNo Arts District.

3101 Blake Street

This condo boasts in-unit laundry, a patio or balcony, granite countertops, hardwood floors, a dishwasher, and is pet-friendly. It is located in the River North Art District and is close to many amenities.

2441 N Broadway Unit 212

This light-filled, renovated loft is in the iconic 1910 Silver State Lofts building in the heart of RiNo. It features 12-foot ceilings, exposed brick, hardwood floors, designer lighting, and huge windows with views of the Denver skyline. The unit has one bedroom and one bathroom.

3575 Chestnut Place Unit 705

This brand-new, one-bedroom condo in the heart of the RiNo Arts District includes Energy-Star-rated appliances, an in-unit washer and dryer, an open living space, and large windows that let in natural light.

3101 Blake St Unit 305

This renovated RiNo condo features an incredible open floor plan with high ceilings, a balcony with downtown views, a gated garage parking spot, new luxury vinyl plank flooring, large windows, an updated kitchen with granite tile countertops, and more.

These condos in the River North Art District offer a range of amenities, from in-unit laundry to large windows offering stunning views. The vibrant and artsy neighbourhood is conveniently located downtown and is perfect for those seeking an active and social urban lifestyle.

Condos near Sloan's Lake

If you're looking for condos near Sloan's Lake, Lakehouse 17 is a great option. This high-rise development offers a range of condos, penthouses, and rowhomes with stunning views of the lake and mountains. The units feature open design, tall ceilings, floor-to-ceiling glass, hardwood floors, quartz countertops, Italian cabinets, and spacious private balconies.

Amenities at Lakehouse 17 include gated security, a concierge, heated parking garage, a swimming pool, spa, fitness centre, and multiple community gathering areas. It is located within walking or biking distance to parks, trails, restaurants, breweries, trendy boutiques, cafes, and major retailers. Downtown Denver is just three miles away.

• A 1-bedroom, 1-bathroom condo with 1050 sq. ft. of space, listed at $759,000.
• A 2-bedroom, 3-bathroom penthouse unit with 1789 sq. ft. of space, featuring mountain and lake views, listed at $2,095,000.
• A 3-bedroom, 3-bathroom condo with 2034 sq. ft. of space, featuring lake and mountain views, listed at $1,750,000.
• A 2-bedroom, 3-bathroom penthouse unit with 1656 sq. ft. of space, featuring views of Sloan's Lake and the Rocky Mountains, listed at $1,569,000.
• A 2-bedroom, 2-bathroom condo with 1352 sq. ft. of space, listed at $1,399,999.

Condos in Washington Park

Washington Park, Denver, is a highly desirable area for condo buyers, largely due to its proximity to the popular Washington Park, one of the city's largest parks. The neighborhood also boasts good schools and a variety of restaurants, making it attractive to both families and professionals.

There are currently several condos for sale in the area, with prices ranging from around $200,000 to over $1 million. For example, a two-bedroom, one-bathroom condo on South Lafayette Street is listed for $560,000, while a one-bedroom, one-bathroom condo on North Humboldt Street is listed for $200,000.

The area is also popular for renters, with a variety of condos available for rent, ranging from around $1,000 to $4,000 per month.

Washington Park is known for its mild climate, outdoor recreational activities, and vibrant cultural scene, making it a highly sought-after place to live. The neighborhood is also conveniently located near several grocery stores and restaurants, with easy access to different parts of the city.

Overall, Washington Park offers a desirable lifestyle and limited housing supply, making it an advantageous location for real estate investors.

Condos in Union Station

Denver's Union Station is an excellent place to live if you want to be in the middle of the action. The station itself is not only a hub for transportation, but also for entertainment, with a farmer's market, restaurants, a bookstore, and events like a holiday market. The surrounding neighborhood is a mix of high-rises, lofts, and mid-rise buildings, offering a variety of housing options for potential residents.

Currently, there are several condos for sale in the Union Station area, ranging from high-end options like The Coloradan, a new high-rise with awesome views, to more historic buildings like the Icehouse Lofts, originally built in 1895 and refurbished in 1998. Prices for condos in the area range from $359,900 to $3,800,000, catering to a variety of budgets.

The neighborhood also boasts major employers like Google and Facebook, making it an attractive spot for commuters. And with a mix of residential, commercial, and retail properties, Union Station offers the convenience of having everything you need within walking distance.

For those looking to rent rather than buy, there are also condo rental options available in the Union Station area. A quick search reveals several listings for condos and apartments available for rent, offering a more flexible option for those not ready to purchase.

Overall, Union Station in Denver is a vibrant and convenient place to live, offering a mix of housing options, entertainment, and employment opportunities. Whether you're looking to buy or rent, it's worth considering this thriving neighborhood for your next home.

Condos in Highland Park

Highland Park is a historic neighbourhood in Denver, renowned for its picturesque homes and charming tree-lined streets. It's a family-friendly area with good schools and parks, making it an attractive prospect for families looking for a peaceful yet accessible community. Here is an overview of the condo market in Highland Park, Denver.

Market Insights

Highland Park is a desirable area to live in, and the real estate market reflects this. The median sale price of a home in Denver was $620,000 in April 2024, and homes typically sell after just 12 days on the market. Highland Park is likely to be similar or even higher than this average.

Condos for Sale in Highland Park

• A two-bedroom, two-bathroom condo with a private patio and mountain views, located on Central Street.
• A one-bedroom, two-bathroom condo with a private terrace and sweeping views of downtown from the private terrace, located on Shoshone Street.
• A two-bedroom, two-bathroom condo with a unique opportunity for short-term rentals, located on Zuni Street.
• A one-bedroom, one-bathroom condo with a reserved parking space and direct access to a secure building, located on Central Street.
• A two-bedroom, one-bathroom end-unit townhome with a superb Walk Score of 89, located on West 35th Avenue.
• A one-bedroom, one-bathroom condo with a private balcony and panoramic city views, located on Umatilla Street.
• A three-bedroom, four-bathroom duplex with over 3000 square feet of living space, located on Wyandot Street.
• A three-bedroom, two-bathroom historic home with a large front porch and a modern kitchen, located on Jason Street.
• A one-bedroom, one-bathroom studio condo with a quaint patio and contemporary design, located on Zuni Street.
• A two-bedroom, two-bathroom condo with a dedicated foyer and brand-new luxury flooring, located on West 28th Avenue.
• A one-bedroom, one-bathroom condo with a private balcony and stunning mountain and cityscape views, located on Bassett Street.

Popular Markets in Colorado

Denver is a popular market for condos, along with:

• Westminster
• Broomfield
• Highlands Ranch
• Thornton
• Boulder
• Arvada
• Golden
• Aurora
• Parker
• Lakewood
• Centennial
• Littleton

Nearby Neighbourhoods with Condos

Condos are also available in the following nearby neighbourhoods:

• Baker
• Downtown Denver
• Capitol Hill

Highland Park, Denver, is a desirable location for families and investors alike. With its picturesque setting, good schools, and parks, it offers a peaceful and friendly community. The condo market in Highland Park reflects the popularity of the area, with a range of options available, from modern studios to spacious duplexes.

Frequently asked questions