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York Street Apartments 1532-1536 N York St 12 Unit Apartment Building $2,300,000 ($191,667/Unit) 4.59% Cap Rate Denver, CO 80206

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INVESTMENT HIGHLIGHTS

  • 12-unit, 3-story apartment building in City Park West
  • Two separate, secured lobby entrances
  • Carla Madison Rec. Center 1-Block Away!
  • Unit mix: 4 studios and 8 one-bedroom units
  • Spacious coin-operated laundry facility in the lower level
  • Steps from City Park West, restaurants, and retail

EXECUTIVE SUMMARY

CITY PARK WEST APARTMENT PROPERTY 12-Unit Investment Opportunity Located in the highly desirable City Park West neighborhood, this well-maintained 12-unit apartment building offers an attractive blend of classic character and thoughtful updates in a premier urban setting. The three-story property features a desirable unit mix of 4 studios and 8 one-bedroom residences, appealing to a broad tenant base. This 12-unit complex was originally constructed in 1909 as an "in-law duplex." A few decades later, each side of the duplex was thoughtfully converted from a private residence into 6 apartments. Original woodwork and period based design elements have been preserved. Tenants are attracted to the building's charming vintage architecture and central location in the heart of the city. Denver is well known for its food scene and recreation. The building has the best of both: adjacent to great restaurants and is just blocks to a golf course, parks, and an amazing rec center. Across the property, units feature well-equipped kitchens, ¾ or full bathrooms, and large windows that flood the interiors with natural light. The overall aesthetic seamlessly blends historic character with modern updates. The lower level includes a spacious coin- operated laundry facility, along with two separate boiler rooms serving each side of the building. Additional amenities include off-street parking located at the rear of the property. Ideally positioned just steps from City Park West, residents enjoy immediate access to neighborhood restaurants, retail, and everyday conveniences, with easy connectivity to Downtown Denver and Cherry Creek. This property presents a compelling opportunity in one of Denver’s most sought-after rental markets.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $156,780 $30.44
Other Income $1,800 $0.35
Vacancy Loss $7,839 $1.52
Effective Gross Income $150,741 $29.27
Taxes $12,138 $2.36
Operating Expenses $32,979 $6.40
Total Expenses $45,117 $8.76
Net Operating Income $105,624 $20.51

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $156,780
Annual Per SF $30.44
Other Income
Annual $1,800
Annual Per SF $0.35
Vacancy Loss
Annual $7,839
Annual Per SF $1.52
Effective Gross Income
Annual $150,741
Annual Per SF $29.27
Taxes
Annual $12,138
Annual Per SF $2.36
Operating Expenses
Annual $32,979
Annual Per SF $6.40
Total Expenses
Annual $45,117
Annual Per SF $8.76
Net Operating Income
Annual $105,624
Annual Per SF $20.51

PROPERTY FACTS

Price $2,300,000
Price Per Unit $191,667
Sale Type Investment
Cap Rate 4.59%
Gross Rent Multiplier 14.67
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.13 AC
Building Size 5,150 SF
No. Stories 2
Year Built 1909
Parking Ratio 1.36/1,000 SF
Zoning C-MS

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 4 - 350
1+1 8 - 465
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2363-09-015
Land Assessment
$29,240 (2024)
Improvements Assessment
$124,010 (2024)
Total Assessment
$153,250 (2024)
Annual Taxes
$12,138 ($2.36/SF)
Tax Year
2025
  • Listing ID: 38986501

  • Date on Market: 1/6/2026

  • Last Updated:

  • Address: 1532-1536 N York St, Denver, CO 80206

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