1369 N Ogden St 3 Unit Apartment Building $945,000 ($315,000/Unit) 5.21% Cap Rate Denver, CO 80218

1369 Ogden Street is a charming triplex in Capitol Hill that blends classic Denver character with meaningful updates and a clear value-add opportunity. The property appeals both to buyers looking to live in one of the units while generating income, as well as investors seeking a well-located asset in one of Denver’s most convenient and historical neighborhoods.
The building offers a desirable unit mix with (1) 1-bed/1-bath, (1) 2-bed/1-bath, and (1) 2-bed/2-bath. The 1-bed/1-bath garden-level apartment was recently
rebuilt down to the studs, and the main level 2-bed/1-bath has also been updated with modern finishes. The spacious 2-bed/2-bath unit, which spans the second level and attic space, has been occupied by the same tenants for over a decade and is rented significantly under market, providing a straight?forward value-add path for the next owner.
The property also includes three off-street parking spaces and a communal laundry room for tenant use. Recent improvements over the years include all?new plumbing throughout the building, a newly constructed basement unit & communal laundry room, new rear decking, new xeriscape landscaping, and newer vinyl windows.