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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



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 | Apartment Style | Low-Rise |
| Price Per Unit | $191,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.59% | Building Size | 5,150 SF |
| Gross Rent Multiplier | 14.67 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1909 |
| Property Type | Multifamily | Parking Ratio | 1.36/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C-MS | ||
| 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 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 2363-09-015 | Total Assessment | $153,250 (2024) |
| Land Assessment | $29,240 (2024) | Annual Taxes | $12,138 ($2.36/SF) |
| Improvements Assessment | $124,010 (2024) | Tax Year | 2025 |
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
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York Street Apartments | 1532-1536 N York St
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