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1225 N Clarkson St 4 Unit Apartment Building $1,400,000 ($350,000/Unit) 5.90% Cap Rate Denver, CO 80218
Investment Highlights
- Historic Victorian 4-plex in the heart of Capitol Hill with appealing renovations and character details.
- Walking distance to Cheesman Park, restaurants, shopping, and Denver’s popular nightlife scene.
- Professionally managed property with documented NOI and stable occupancy history.
- Balanced unit mix including a modern carriage house loft added in 2016, enhancing rental diversity.
- Three covered, off-street parking spaces with secured common area courtyard providing privacy.
Executive Summary
This well-maintained classic Victorian residence in Capitol Hill checks all the boxes. With it's prime location, thoughtful renovations, desirable tenant unit layouts, sizes and features makes it an appealing acquisition in this competitive environment.
This converted Denver Square's layout offers 3 large units each with their own washer/dryers, nicely appointed kitchens and many original architectural treatments. Unit 4 is a studio loft apartment, built in 2016, that cantilevers over the original garage creating covered parking for units 2, 3 and 4. The garage houses the loft's washer and dryer and tenants additional storage.
There is large front porch facing east that creates a cool perch to enjoy the shade in the summer and the courtyard in back is sunny, bright and private. The backyard is fenced with secure coded entry. This property offers privacy in an urban environment appealing to tenants, investor or owner occupants looking to tap into additional income.
This converted Denver Square's layout offers 3 large units each with their own washer/dryers, nicely appointed kitchens and many original architectural treatments. Unit 4 is a studio loft apartment, built in 2016, that cantilevers over the original garage creating covered parking for units 2, 3 and 4. The garage houses the loft's washer and dryer and tenants additional storage.
There is large front porch facing east that creates a cool perch to enjoy the shade in the summer and the courtyard in back is sunny, bright and private. The backyard is fenced with secure coded entry. This property offers privacy in an urban environment appealing to tenants, investor or owner occupants looking to tap into additional income.
Property Facts
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $350,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.90% | Building Size | 4,317 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2016 |
| Property Subtype | Apartment | Parking Ratio | 0.78/1,000 SF |
| Zoning | G-MU-5 - General Multi-Unit 5 stories. | ||
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,317 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2016 |
| Parking Ratio | 0.78/1,000 SF |
| Zoning | G-MU-5 - General Multi-Unit 5 stories. |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Ceiling Fans
- Smoke Free
Site Amenities
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5031-11-013 | Improvements Assessment | $21,050 |
| Land Assessment | $21,050 | Total Assessment | $105,710 |
Property Taxes
Parcel Number
5031-11-013
Land Assessment
$21,050
Improvements Assessment
$21,050
Total Assessment
$105,710
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1225 N Clarkson St
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