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The Profile 1560 Sherman St 33 Unit Apartment Building $5,800,000 ($175,758/Unit) 4.76% Cap Rate Denver, CO 80203
Investment Highlights
- Over 7,000 SF of unused space
- Most units have been renovated
- Great Downtown location
- Newer roof
- Elevator
- Favorable C-MX -16 zoning
Executive Summary
The Profile is one of Central Denver’s most distinctive multifamily investment opportunities. Positioned just steps from the Colorado State Capitol, this 33-unit elevator-served apartment community has been recently renovated including many units and common areas — delivering a turnkey asset with a elevated finish level that stands apart in its submarket.
Residents enjoy amenities including a gym, laundry room, private storage, dog wash, and a spacious lounge with a full kitchen.
What makes The Profile truly compelling for the right buyer is the 7,400± SF of basement space that remains largely untapped. For decades this was home to Le Profile, a beloved Denver restaurant, and today it represents one of the more intriguing value-add opportunities in the urban core. Whether reimagined as a restaurant, neighborhood retail, creative office, or another income-producing use, this space has the potential to meaningfully move the needle on overall property performance.
Residents enjoy amenities including a gym, laundry room, private storage, dog wash, and a spacious lounge with a full kitchen.
What makes The Profile truly compelling for the right buyer is the 7,400± SF of basement space that remains largely untapped. For decades this was home to Le Profile, a beloved Denver restaurant, and today it represents one of the more intriguing value-add opportunities in the urban core. Whether reimagined as a restaurant, neighborhood retail, creative office, or another income-producing use, this space has the potential to meaningfully move the needle on overall property performance.
Property Facts
| Price | $5,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,758 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.76% | Building Size | 31,670 SF |
| No. Units | 33 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | ||
| Zoning | C-MX -16 | ||
| Price | $5,800,000 |
| Price Per Unit | $175,758 |
| Sale Type | Investment |
| Cap Rate | 4.76% |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 31,670 SF |
| No. Stories | 3 |
| Year Built | 1952 |
| Zoning | C-MX -16 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Tile Floors
- Double Vanities
- Kitchen
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Smoke Free
Site Amenities
- Business Center
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
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Moderately walkable
70/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2349-38-002 | Improvements Assessment | $120,030 |
| Land Assessment | $120,030 | Total Assessment | $502,520 |
Property Taxes
Parcel Number
2349-38-002
Land Assessment
$120,030
Improvements Assessment
$120,030
Total Assessment
$502,520
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The Profile | 1560 Sherman St
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