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1200 Colorado Boulevard 1200 Colorado Blvd 22 Unit Apartment Building $3,800,000 ($172,727/Unit) 6.13% Cap Rate Denver, CO 80206
Investment Highlights
- Walkable to 9th & CO and Cherry Creek North
- Renovated units with cooling controlled in unit
- Separately metered electric - tenants pay direct
- Rare off-street parking; 19 income producing spaces
- Extensive recent updates including roof 2026, boiler 2021, windows 2022, mailboxes, exterior paint, swamp coolers, and common area
- Managed by Cornerstone
Executive Summary
1200 Colorado Blvd. is a 22-unit apartment community built in 1950 with durable brick construction. The unit mix is composed of 12 one bedrooms and 10 two bedrooms. There have been extensive recent improvements including a new roof in 2026, boiler in 2021, windows in 2022, exterior paint, mailboxes, swamp coolers, and common area updates. Majority of units have been renovated with new countertops, cabinets, appliances, flooring, and dishwashers. Tenants enjoy in unit cooling with many units having individual controls. The property also features rare off-street parking with 19 income producing spaces.
The property is well-located within walking distance of 9th & CO and Cherry Creek North, providing residents convenient access to some of Denver’s best shopping, dining, and entertainment. For the right investor, this could be a great opportunity to buy a well-maintained building in a strong location that will continue to improve with time.
The property is well-located within walking distance of 9th & CO and Cherry Creek North, providing residents convenient access to some of Denver’s best shopping, dining, and entertainment. For the right investor, this could be a great opportunity to buy a well-maintained building in a strong location that will continue to improve with time.
Property Facts
| Price | $3,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $172,727 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 6.13% | Building Size | 13,300 SF |
| No. Units | 22 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Zoning | R3, Denver | ||
| Price | $3,800,000 |
| Price Per Unit | $172,727 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 13,300 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R3, Denver |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
Site Amenities
- Security System
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 520 |
| 2+1 | 10 | - | 665 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6062-24-004 | Improvements Assessment | $95,270 |
| Land Assessment | $95,270 | Total Assessment | $310,660 |
Property Taxes
Parcel Number
6062-24-004
Land Assessment
$95,270
Improvements Assessment
$95,270
Total Assessment
$310,660
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