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1440-1450 Marion St 17 Unit Apartment Building $4,250,000 ($250,000/Unit) 3.14% Cap Rate Denver, CO 80218
EXECUTIVE SUMMARY
Introducing a historic gem in the vibrant heart of Denver's Capitol Hill - the Marion Street Apartments located at 1440 - 1450 Marion Street, Denver, CO 80218. Featuring a meticulously preserved brick facade with intricate architectural details, this three-story building offers 17 unique units, including studios, one-bedroom, and two-bedroom apartments tailored for modern urban living. Step outside to experience the pulse of Denver with eclectic eateries, trendy cafes, and lush green parks just moments away, making it an urban dweller's dream. Enjoy the convenience of on-street parking and garages available. With a prime location at the epicenter of Capitol Hill's cultural scene, this property harmonizes historic charm with contemporary convenience, providing a plethora of upside potential. Walking to Cheesman Park, restaurants, bars, and cultural hotspots is a breeze with a Walker's Paradise Walk Score of 92, while biking to City Park, Downtown, and museums is equally convenient with a Biker's Paradise Bike Score of 94. Don't miss this opportunity to invest in a piece of Denver's rich history with income-generating potential. Contact us today to learn more.
All offers will be considered!
All offers will be considered!
PROPERTY FACTS
| Price | $4,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 3.14% | Building Size | 14,503 SF |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 0.62/1,000 SF |
| Zoning | R3, Denver | ||
| Price | $4,250,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 3.14% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 14,503 SF |
| No. Stories | 2 |
| Year Built | 1902 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | R3, Denver |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Family Room
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Package Service
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 17 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5022-03-003 | Improvements Assessment | $229,070 |
| Land Assessment | $49,650 | Total Assessment | $278,720 |
PROPERTY TAXES
Parcel Number
5022-03-003
Land Assessment
$49,650
Improvements Assessment
$229,070
Total Assessment
$278,720
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1440-1450 Marion St
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