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1090 Quebec St 18 Unit Apartment Building $4,995,000 ($277,500/Unit) Denver, CO 80230
Investment Highlights
- Located within Lowry redevelopment
- Fastest growing submarket in Denver
- Surrounded by single-family homes
Executive Summary
1090 Quebec St. is a vacant residential property located within the Lowry area of Denver, Colorado. The property consists of an existing 18-unit residential structure along with two on-site community rooms, all situated on an approximately 2.8-acre infill site. The improvements are currently vacant and in need of renovation, offering a blank slate for repositioning or redevelopment.
The existing structures present an opportunity for a buyer to repurpose and renovate the buildings for continued residential use, potentially incorporating modern unit layouts, upgraded finishes, and reimagined common or amenity space within the existing footprint. This strategy may appeal to investors seeking to preserve the existing improvements while enhancing value through renovation and operational improvements.
Alternatively, the size and configuration of the site provide the option to demolish the existing structures and pursue a full redevelopment of the 2.8-acre parcel, subject to zoning, design review, and municipal approvals. The scale of the site is uncommon for the surrounding residential area and supports a variety of residential redevelopment concepts consistent with the neighborhood context.
Located within the broader Lowry redevelopment area and surrounded primarily by established single-family neighborhoods and great neighborhood retail developments, 1090 Quebec St. offers multiple investment paths, combining the flexibility of a vacant property with the long-term potential of a large infill site.
The existing structures present an opportunity for a buyer to repurpose and renovate the buildings for continued residential use, potentially incorporating modern unit layouts, upgraded finishes, and reimagined common or amenity space within the existing footprint. This strategy may appeal to investors seeking to preserve the existing improvements while enhancing value through renovation and operational improvements.
Alternatively, the size and configuration of the site provide the option to demolish the existing structures and pursue a full redevelopment of the 2.8-acre parcel, subject to zoning, design review, and municipal approvals. The scale of the site is uncommon for the surrounding residential area and supports a variety of residential redevelopment concepts consistent with the neighborhood context.
Located within the broader Lowry redevelopment area and surrounded primarily by established single-family neighborhoods and great neighborhood retail developments, 1090 Quebec St. offers multiple investment paths, combining the flexibility of a vacant property with the long-term potential of a large infill site.
Property Facts
| Price | $4,995,000 | Property Subtype | Apartment |
| Price Per Unit | $277,500 | Lot Size | 2.80 AC |
| Sale Type | Investment | Building Size | 11,783 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 0% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2004/2007 |
| Zoning | R-2-A | ||
| Price | $4,995,000 |
| Price Per Unit | $277,500 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 2.80 AC |
| Building Size | 11,783 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 2004/2007 |
| Zoning | R-2-A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 3+1 | 1 | - | - |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6043-15-004 | Improvements Assessment | $275,190 |
| Land Assessment | $275,190 | Total Assessment | $275,260 |
Property Taxes
Parcel Number
6043-15-004
Land Assessment
$275,190
Improvements Assessment
$275,190
Total Assessment
$275,260
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