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1331 Columbine St 9 Unit Apartment Building $1,430,000 ($158,889/Unit) 6.10% Cap Rate Denver, CO 80206
Investment Highlights
- $120k Price Reduction!
- Excellent Location Near Cheesman and Congress Parks
- (11) Off-Street Parking Spaces Provide Additional Income
- Beautifully Renovated, Turn-Key Asset w/ Newer: Kitchens, Bathrooms, Floors, Electrical, Plumbing, Windows, Roof, Parking Lot, Boiler & Water Heaters
- 6.84% Proforma CAP Rate
- Bike Storage and On-Site Laundry
Executive Summary
PRICE REDUCED! 9 Units in Congress Park. Beautifully Renovated, Turnkey Asset with Onsite Laundry, Bike Storage and 11 Off-Street Parking Spaces.
Data Room Click Here to Access
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$126,192
|
$27.12
|
| Other Income |
$7,191
|
$1.55
|
| Vacancy Loss |
$4,001
|
$0.86
|
| Effective Gross Income |
$129,382
|
$27.81
|
| Taxes |
$6,392
|
$1.37
|
| Operating Expenses |
$35,763
|
$7.69
|
| Total Expenses |
$42,155
|
$9.06
|
| Net Operating Income |
$87,227
|
$18.75
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $126,192 |
| Annual Per SF | $27.12 |
| Other Income | |
|---|---|
| Annual | $7,191 |
| Annual Per SF | $1.55 |
| Vacancy Loss | |
|---|---|
| Annual | $4,001 |
| Annual Per SF | $0.86 |
| Effective Gross Income | |
|---|---|
| Annual | $129,382 |
| Annual Per SF | $27.81 |
| Taxes | |
|---|---|
| Annual | $6,392 |
| Annual Per SF | $1.37 |
| Operating Expenses | |
|---|---|
| Annual | $35,763 |
| Annual Per SF | $7.69 |
| Total Expenses | |
|---|---|
| Annual | $42,155 |
| Annual Per SF | $9.06 |
| Net Operating Income | |
|---|---|
| Annual | $87,227 |
| Annual Per SF | $18.75 |
Property Facts
| Price | $1,430,000 | Apartment Style | Low-Rise |
| Price Per Unit | $158,889 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.10% | Building Size | 5,288 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Zoning | R3 | ||
| Price | $1,430,000 |
| Price Per Unit | $158,889 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,288 SF |
| No. Stories | 3 |
| Year Built | 1902 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | R3 |
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Fenced Lot
- Laundry Facilities
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $999.00 | 280 |
| 1+1 | 7 | $1,152 | 434 |
| 2+1 | 1 | $1,450 | 887 |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5012-13-014 | Total Assessment | $83,550 (2025) |
| Land Assessment | $31,440 (2025) | Annual Taxes | $6,392 ($1.21/SF) |
| Improvements Assessment | $31,440 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5012-13-014
Land Assessment
$31,440 (2025)
Improvements Assessment
$31,440 (2025)
Total Assessment
$83,550 (2025)
Annual Taxes
$6,392 ($1.21/SF)
Tax Year
2026
Contacts
-
Josh Newell -
Lindsey Santaularia -
Annie Joseph -
Spencer Pierpont -
Pinnacle Real Estate Advisors
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