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1725 Race St 7 Unit Apartment Building $1,000,000 ($142,857/Unit) 5.30% Cap Rate Denver, CO 80206
INVESTMENT HIGHLIGHTS
- Centrally located near City Park, downtown Denver, and major hospitals—highly walkable and attractive to tenants.
- Rare opportunity to own a small apartment asset in a premium neighborhood where multifamily properties seldom come to market.
- Ability to convert to 7 units with a $25,000 renovation.
- Turn-of-the-century charm with brick exterior, unique floor plans, and timeless architectural features that distinguish the property from newer invent
- Denver’s growing job base across healthcare, tech, finance, and professional services continues to fuel housing demand in centrally located
- In addition to creating a 7th unit, there is a strategic opportunity to inject $55,000 in cosmetic unit improvements in order to increase rents $260/m
PROPERTY FACTS
| Price | $1,000,000 | Building Class | C |
| Price Per Unit | $142,857 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,979 SF |
| Cap Rate | 5.30% | Average Occupancy | 83% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | G-RO-3 | ||
| Price | $1,000,000 |
| Price Per Unit | $142,857 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,979 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1906 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | G-RO-3 |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 403 - 448 |
| 1+1 | 3 | - | 550 |
| 3+2 | 1 | - | 1,354 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 2355-17-013 | Improvements Assessment | $46,000 |
| Land Assessment | $40,770 | Total Assessment | $86,770 |
PROPERTY TAXES
Parcel Number
2355-17-013
Land Assessment
$40,770
Improvements Assessment
$46,000
Total Assessment
$86,770
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1725 Race St
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