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Marion Apartments 1321 Yosemite St 14 Unit Apartment Building $1,750,000 ($125,000/Unit) 6.37% Cap Rate Denver, CO 80220
INVESTMENT HIGHLIGHTS
- Diverse unit mix
- Newer roof
- Square D electrical panels
- Balconies for most units
- Updated windows
EXECUTIVE SUMMARY
The Hornstein Fetter team at NorthPeak Commercial Real Estate Advisors are pleased to team with Barry Bruskin of HomeSmart Realty to bring 1321 Yosemite Street, also known as the Marion Apartments, to market. This 14-unit asset offers a mix of studio, 1bd/1ba and 2bd/1ba units. The property has been owned and operated for years by the same family and it has been well managed under their care. Units are bright and finished with vinyl flooring, updated windows and many newer kitchens and baths. Many units also feature large, private balconies.
Offered at $1,750,000 or only $125,000 per unit, Marion Apartments represents a compelling value opportunity for qualified investors in the Denver market. The property has received a number of updates (roof, electrical panels) and offers a very attractive basis for the next owner to continue successful ownership of this property.
Private tours and additional information can be offered by contacting Joe Hornstein or Scott Fetter.
Offered at $1,750,000 or only $125,000 per unit, Marion Apartments represents a compelling value opportunity for qualified investors in the Denver market. The property has received a number of updates (roof, electrical panels) and offers a very attractive basis for the next owner to continue successful ownership of this property.
Private tours and additional information can be offered by contacting Joe Hornstein or Scott Fetter.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$196,207
|
$23.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$196,207
|
$23.51
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $196,207 |
| Annual Per SF | $23.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $196,207 |
| Annual Per SF | $23.51 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 9,375 SF |
| Cap Rate | 6.37% | No. Stories | 3 |
| No. Units | 14 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | G-MU-5 | ||
| Price | $1,750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 9,375 SF |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 1.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | G-MU-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 600 |
| 2+1 | 5 | - | 740 |
| Studios | 1 | - | 312 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 6041-16-011 | Improvements Assessment | $123,710 (2024) |
| Land Assessment | $13,310 (2024) | Total Assessment | $137,020 (2024) |
PROPERTY TAXES
Parcel Number
6041-16-011
Land Assessment
$13,310 (2024)
Improvements Assessment
$123,710 (2024)
Total Assessment
$137,020 (2024)
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Marion Apartments | 1321 Yosemite St
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