-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 XwTf1QZqHkcPX7SYsNHIWA==

<SEC-DOCUMENT>0000932384-04-000030.txt : 20040108
<SEC-HEADER>0000932384-04-000030.hdr.sgml : 20040108
<ACCEPTANCE-DATETIME>20040108164155
ACCESSION NUMBER:		0000932384-04-000030
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031230
FILED AS OF DATE:		20040108

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERIVEST PROPERTIES INC
		CENTRAL INDEX KEY:			0000927102
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				841240264
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1780 S BELLAIRE ST
		STREET 2:		SUITE 515
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222
		BUSINESS PHONE:		3032971800

	MAIL ADDRESS:	
		STREET 1:		1780 S. BELLAIRE ST.
		STREET 2:		SUITE 515
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ETTER JAMES F
		CENTRAL INDEX KEY:			0000941359

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14462
		FILM NUMBER:		04515812

	BUSINESS ADDRESS:	
		STREET 1:		C/O AMERIVEST PROPERTIES INC
		STREET 2:		1780 S. BELLAIRE ST. #100
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222
		BUSINESS PHONE:		3032971800X118

	MAIL ADDRESS:	
		STREET 1:		C/O AMERIVEST PROPERTIES INC
		STREET 2:		1780 S. BELLAIRE ST.
		CITY:			DENVER
		STATE:			CO
		ZIP:			80222
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>zetter544516_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4/A</documentType>
   <periodOfReport>2003-12-30</periodOfReport>
   <dateOfOriginalSubmission>2003-12-31</dateOfOriginalSubmission>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000927102</issuerCik>
        <issuerName>AMERIVEST PROPERTIES INC</issuerName>
        <issuerTradingSymbol>AMV</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000941359</rptOwnerCik>
            <rptOwnerName>ETTER JAMES F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>107 COLNBROOK ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>IRMA</rptOwnerCity>
            <rptOwnerState>SC</rptOwnerState>
            <rptOwnerZipCode>29063</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Common Stock Options</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>7.10</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-12-30</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>12000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
            <footnoteId id="F1"/>
      </exerciseDate>
      <expirationDate>
         <value>2008-12-30</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>12000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>12000</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Options vest one-third on each of December 30, 2004; December 30, 2005; and December 30, 2006.</footnote>
   </footnotes>
   <remarks>Filing amended to correct expiration and vesting dates from December 31 to December30.</remarks>
   <ownerSignature>
      <signatureName>Kim Boswood as attorney-in-fact</signatureName>
      <signatureDate>2004-01-08</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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