How Much Does It Cost to Build an Apartment Complex in Denver?
Investing in apartment construction is a major financial decision, but understanding cost factors helps investors plan effectively. At 303 Construction, we provide transparent pricing and cost-effective solutions for building multi-unit residential properties in Denver.
Average Cost of Apartment Construction in Denver
| Type of Apartment | Cost per Square Foot | Total Cost (Based on 10-Unit Building) |
| Low-Rise (1-3 stories) | $150 – $250 | $1.5M – $3M |
| Mid-Rise (4-7 stories) | $200 – $350 | $2M – $5M |
| High-Rise (8+ stories) | $300 – $500 | $5M+ |
Major Cost Factors
1. Land Acquisition & Site Preparation
- Denver’s real estate prices vary by neighborhood.
- Costs include grading, utility connections, and environmental studies.
2. Construction Materials & Labor
- Steel & concrete structures cost more than wood framing.
- Union labor rates in Denver can impact construction costs.
3. Zoning, Permits & Impact Fees
- Multi-family projects require city permits & inspections.
- Impact fees cover utilities, roads, and public services.
4. Amenities & Interior Finishes
- Basic units cost less than luxury apartments with high-end finishes.
- Popular amenities include fitness centers, smart home technology, and rooftop patios.
How 303 Construction Helps You Stay on Budget
- Value-engineered solutions to reduce construction costs.
- Streamlined permit & zoning approvals to avoid delays.
- Bulk material purchasing for cost savings on large-scale projects.
Thinking about building an apartment complex in Denver? Contact 303 Construction for a detailed cost estimate!