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1360 Franklin St 6 Unit Apartment Building $1,100,000 ($183,333/Unit) 6.01% Cap Rate Denver, CO 80218
Investment Highlights
- Six fully renovated 1BD/1BA units with modern finishes.
- Classic 1901 construction featuring old-world charm and architectural character.
- Premier Denver location—just half a block from Cheesman Park.
- Each unit includes its own private outdoor space (balcony or porch).
- Large backyard and four on-site parking spots for additional income.
Executive Summary
1360 Franklin Street is a charming six-unit multifamily property located just half a block from Denver’s iconic Cheesman Park. Built in 1901 with classic old-world character, the building has been thoughtfully updated with newly renovated one-bed/one-bath units, each offering private outdoor space in the form of a balcony or porch. The property features a large backyard, four parking spaces for additional income, and a newer furnace. With outstanding walkability and a highly sought-after central Denver neighborhood, this asset provides both stable performance and strong long-term rental upside.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.01% | Building Size | 4,604 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1901 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Zoning | U-RH-3A | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,604 SF |
| No. Stories | 3 |
| Year Built | 1901 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | U-RH-3A |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 498 - 787 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 5021-10-004 | Total Assessment | $86,510 (2025) |
| Land Assessment | $18,960 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $18,960 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5021-10-004
Land Assessment
$18,960 (2025)
Improvements Assessment
$18,960 (2025)
Total Assessment
$86,510 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1360 Franklin St
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