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4390 Tennyson St, Denver, CO 80212
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Wright State University (WSU)'s Dayton Campus is located in Fairborn, OH, a suburb of Dayton and within a two-hour drive of several major metro areas, including Cincinnati, Columbus, and Indianapolis. Surrounded by lush, green forests, WSU is spread out over 634 acres of space in the Miami Valley Region of southwest Ohio.
Positioning Statement
Completed in 2018, Tennyson44 reflects one of the first multifamily properties completed on Tennyson Street. With 47 units comprised of studios, one, and two-bedroom units, the property offers a variety of options for discerning renters looking to live on the Tennyson Street retail corridor. With limited competition, this property stands out as a compelling choice for those seeking quality and convenience.
Situated in the heart of the Berkeley neighborhood, Tennyson44 offers easy access to top retail and entertainment destinations, placing residents at the center of the action. This attracts educated and affluent residents, leading to impressive demographics.
The desirable location has driven home values within a mile to 22.9% above the Denver Metro average. With interest in the area gaining initial momentum in 2010 the rapid ascent of the neighborhood continues at an unprecedented pace.
Tennyson44 presents new ownership with the opportunity to enhance returns by implementing a light refresh of the property and improving its position in the competitive landscape. Light upgrades to the unit interiors and optimizing operations of the asset could increase the average rental rates by $290, representing a 15.2% increase. With a slowdown in new construction, these enhancements would boost cash flows and establish Tennyson44 as a standout on Tennyson Street for years to come.
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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Investment Advisors
Mortgage Bankers:
Robert Bratley
Managing Director 541.729.9667 robert.bratley@berkadia.com DRE #100039008
Mike Grippi
Senior Managing Director 303.888.3876 mike.grippi@berkadia.com DRE #40033945
Erika Maston
Managing Director 843.806.4394
erika.maston@berkadia.com DRE License #121194
Denver Office
1331 17th Street, Floor 10 Denver, CO 80202
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QUICK STATS
939 SF
AvG. Unit Size
2023
COMPLETED
297
UNITS
Price Determined by Market
Offering Terms Offered Free & Clear
Investment Highlights
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Irreplaceable Location
Situated at the intersection of Tennyson Street and 44th Avenue, Tennyson 44 offers residents direct access to everything the Tennyson Street Retail Corridor has to offer. Residents also enjoy easy access to local attractions such as Berkeley Park, Cesar Chavez Park, and Edgewater Public Market.
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Affluent, Educated Demographics Within a 1-mile radius, the area boasts an average household income of $159,105, a 2.8% unemployment rate, and 71% of the population hold a bachelor's degree or higher.
Proximity to Employment Hubs
Residents are just a 10-minute drive from Downtown Denver, with 145,000 employees. The central location also provides easy access to I-70 and I-25, allowing commuters to quickly reach their destination.
Limited Competition Tennyson44 reflects one of only five existing multifamily properties located on the Tennyson Street corridor. Three additional properties are currently under construction and only one viable site remains for future construction. These projects total only 399-units, setting the highly desirable area up for limited rental options and increasing demand.
Value Add Upside
A selective refresh of unit interiors and focus on efficient operations would allow new ownership to capitalize on significant demand for Tennyson Street. Comparable properties support increasing rents by an average of $290, adding up to $160,000 of annual income.
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© 2024 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage company business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Value-Add Opportunity in Recession-Proof State Capital Market
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92.1% (as of 1/25)
Occupancy
2018
Year Built
$1,011
Effective Rent
738
Avg SF Per Unit
47
UNITS
1973
BUILT
Pam Koster
Senior Managing Director 303.981.3622 pamela.koster@berkadia.com DRE #100045388
Jack Sanders
Director 720.474.5233 jack.sanders@berkadia.com DRE #100075645
Kevin Batt
Managing Director 303.689.8307 kevin.batt@berkadia.com
Brian Huff
Managing Director 303.689.8314 brian.huff@berkadia.com
KYLE WILLIAMSON
Senior Financial Analyst 843.972.5347
kyle.williamson@berkadia.com
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Barriers to Homeownership
The area around Tennyson44 features an average home value of $876,565, 22.9% above the metro average. With persistently high interest rates, Tennyson 44 provides high-quality apartments at a 64% discount compared to owning.
Mortgage Bankers
Tennyson44 offers an investor the opportunity to assume in-place, accretive financing.
property summary
Address City, State Zip Code County Year Built Stories Units Buildings Net Rentable Area Avg SF per Unit Parking Parking Ratio Exterior Materials Framing Roof Construction
Roof Covering
Foundation
4390 Tennyson St Denver, CO 80212 Denver 2018 Five 47 One 34,680 738 46 Garage Spaces 0.98
Stucco and Fiber Cement Siding Concrete Flat
Membrane
Concrete
Land Area Location and Number of Entrances Kitchen Specifications Range
Refrigerator
Dishwasher Cabinet Materials Countertop Materials Sink Backsplash Materials Flooring Materials
Washer/Dryer
0.23 Acres Garage Entrance Via Alleyway
Whirlpool - Stainless Steel Gas Range/Oven with Overhead Microwave Whirlpool - Stainless Steel Whirlpool - Stainless Steel Thermofoil Quartz Stainless Steel Farmhouse Tile LVP - Living and Wet Areas Carpet - Bedrooms In-Unit