Log In/Sign Up
Your email has been sent.
Marion Place 1258 Marion St 12 Unit Apartment Building $2,500,000 ($208,333/Unit) 5.85% Cap Rate Denver, CO 80218
Investment Highlights
- Cheesman Park location
- Newer Boiler
- well maintained
- New Electrical
- Upgraded Units
Executive Summary
1258 N Marion St is a 12-unit multifamily property ideally located just steps from Cheesman Park in one of Denver’s most desirable central neighborhoods.
The property consists of 11 one-bedroom units and 1 studio, offering a strong and highly leasable unit mix in a proven rental submarket. Units are in good overall condition and have been upgraded with modernized kitchens and bathrooms, and each unit includes a dishwasher.
The building has also undergone significant capital improvements, including newer windows and an upgraded electrical system, helping reduce future maintenance exposure and enhance overall efficiency.
The property includes five on-site parking spaces that generate additional income. With solid in-place rents and continued rent growth potential, 1258 N Marion St presents a compelling investment opportunity in a high-demand Denver location.
The property consists of 11 one-bedroom units and 1 studio, offering a strong and highly leasable unit mix in a proven rental submarket. Units are in good overall condition and have been upgraded with modernized kitchens and bathrooms, and each unit includes a dishwasher.
The building has also undergone significant capital improvements, including newer windows and an upgraded electrical system, helping reduce future maintenance exposure and enhance overall efficiency.
The property includes five on-site parking spaces that generate additional income. With solid in-place rents and continued rent growth potential, 1258 N Marion St presents a compelling investment opportunity in a high-demand Denver location.
Property Facts
| Price | $2,500,000 | Property Subtype | Apartment |
| Price Per Unit | $208,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.85% | Lot Size | 0.14 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,345 SF |
| Gross Rent Multiplier | 11.93 | No. Stories | 3 |
| No. Units | 12 | Year Built/Renovated | 1960/2015 |
| Property Type | Multifamily | Parking Ratio | 0.77/1,000 SF |
| Zoning | G-MU-3, Denver | ||
| Price | $2,500,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.93 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,345 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1960/2015 |
| Parking Ratio | 0.77/1,000 SF |
| Zoning | G-MU-3, Denver |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 460 |
| 1+1 | 11 | - | 625 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (97)
Property Taxes
| Parcel Number | 5022-21-005 | Improvements Assessment | $33,410 |
| Land Assessment | $33,410 | Total Assessment | $176,140 |
Property Taxes
Parcel Number
5022-21-005
Land Assessment
$33,410
Improvements Assessment
$33,410
Total Assessment
$176,140
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Marion Place | 1258 Marion St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.