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The Pearl Street Apartments 1415 Pearl St 12 Unit Apartment Building $2,250,000 ($187,500/Unit) 5.89% Cap Rate Denver, CO 80203
Investment Highlights
- TURN-KEY 12 UNIT APARTMENT COMMUNITY IN THE HEART OF CAPITOL HILL
- GATED AND SECURED ENTRY
- OFF-STREET PARKING AVAILABLE
- 11 – 1BR/1BA APARTMENTS AND 1 STUDIO APARTMENT
- UPDATED UNITS WITH STAINLESS STEEL APPLIANCES
- WALKING DISTANCE TO CHEESMAN PARK, CITY PARK AND RESTAURANTS AND RETAIL ON COLFAX AVE
Executive Summary
The Pearl Street Apartments is a 12-unit property in Cap Hill consisting of 1 Studio and 11 One Bed units. All units have been updated and the majority have stainless steel appliances and granite/quartz countertops.
Financial Summary (Actual - 2025) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.89% | Building Size | 7,136 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Zoning | G-MU-5 | ||
| Price | $2,250,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,136 SF |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | G-MU-5 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 |
| 1+1 | 11 | - | 600 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5031-03-009 | Improvements Assessment | $31,440 |
| Land Assessment | $31,440 | Total Assessment | $181,630 |
Property Taxes
Parcel Number
5031-03-009
Land Assessment
$31,440
Improvements Assessment
$31,440
Total Assessment
$181,630
Contacts
-
Chris Knowlton -
Jim Knowlton -
Jennifer King -
Mark Knowlton -
Quentin Shore -
Pinnacle Real Estate Advisors
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The Pearl Street Apartments | 1415 Pearl St
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