1130 N Downing St 4 Unit Apartment Building $1,295,000 ($323,750/Unit) 5.63% Cap Rate Denver, CO 80218

1130 Downing St. is a 4-unit mansion-conversion that blends historic charm with modern functionality in the heart of Denver’s Cheesman Park neighborhood. The unit mix consists of two 1-bed/1-bath and two 2-bed/1-bath apartments that have each been thoughtfully updated with high-end modern finishes that include granite countertops, stainless steel appliances, modern cabinets and fixtures. Three of the four units also feature an in-unit washer/dryer combo. The property also features two garage parking spaces, as well as two off-street spaces. The location offers convenient access to King Soopers, Whole Foods, neighborhood cafes, and a wide range of nearby restaurants. Since acquiring the property in 2022, the current owners have invested in key improvements that enhance both tenant livability and long-term asset performance. Recent upgrades include installing a new furnace with central air conditioning (2025), installing a new private deck off the top-floor unit (2025), two new automatic garage doors (2025), and a new turf yard in the front for low-maintenance landscaping (2025). The property offers an exceptional opportunity for an investor seeking a turnkey asset or an owner -occupant who values historic charm and modern amenities.