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1725 Race St 6 Unit Apartment Building $960,000 ($160,000/Unit) 6.45% Cap Rate Denver, CO 80206
Investment Highlights
- Excellent Location in City Park West
- Recent Updates Include Newer: Roof, Water Heater, Electrical and Forced Air Furnace
- Two Blocks from City Park & St. Luke’s Presbyterian Hospital
- 6.45% Current CAP Rate
- (3) Garages and Off-Street Parking Provide Additional Income
- Opportunity to Split Large 3Bd/2Ba Unit into Two Units (2Bd/1Ba + 1Bd/1Ba)
Executive Summary
JUST LISTED! 6 Units in City Park. This vintage property blends historic charm with an unbeatable location in one of Denver’s most desirable neighborhoods. Just 0.4 miles from both St. Luke's Presbyterian Hospital and City Park, the asset offers strong appeal to tenants seeking convenience and walkability. Offered at a 6.45% current CAP rate, the unit mix includes studios, one-bedroom, and three-bedroom apartments.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$91,980
|
$23.12
|
| Other Income |
$15,096
|
$3.79
|
| Vacancy Loss |
$5,354
|
$1.35
|
| Effective Gross Income |
$101,722
|
$25.56
|
| Taxes |
$6,872
|
$1.73
|
| Operating Expenses |
$32,968
|
$8.29
|
| Total Expenses |
$39,840
|
$10.01
|
| Net Operating Income |
$61,882
|
$15.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $91,980 |
| Annual Per SF | $23.12 |
| Other Income | |
|---|---|
| Annual | $15,096 |
| Annual Per SF | $3.79 |
| Vacancy Loss | |
|---|---|
| Annual | $5,354 |
| Annual Per SF | $1.35 |
| Effective Gross Income | |
|---|---|
| Annual | $101,722 |
| Annual Per SF | $25.56 |
| Taxes | |
|---|---|
| Annual | $6,872 |
| Annual Per SF | $1.73 |
| Operating Expenses | |
|---|---|
| Annual | $32,968 |
| Annual Per SF | $8.29 |
| Total Expenses | |
|---|---|
| Annual | $39,840 |
| Annual Per SF | $10.01 |
| Net Operating Income | |
|---|---|
| Annual | $61,882 |
| Annual Per SF | $15.55 |
Property Facts
| Price | $960,000 | Building Class | C |
| Price Per Unit | $160,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 4,104 SF |
| Cap Rate | 6.45% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | G-RO-3 | ||
| Price | $960,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,104 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1906 |
| Parking Ratio | 1.22/1,000 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 | $960.00 | 426 |
| 1+1 | 3 | $1,165 | 536 |
| 3+2 | 1 | $2,250 | 1,354 |
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Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (98)
Property Taxes
| Parcel Number | 2355-17-013 | Total Assessment | $87,480 |
| Land Assessment | $46,780 | Annual Taxes | $6,872 ($1.67/SF) |
| Improvements Assessment | $46,780 | Tax Year | 2025 |
Property Taxes
Parcel Number
2355-17-013
Land Assessment
$46,780
Improvements Assessment
$46,780
Total Assessment
$87,480
Annual Taxes
$6,872 ($1.67/SF)
Tax Year
2025
Contacts
-
Connor Knutson -
Will Sjogren -
Josh Newell -
Annie Joseph -
Pinnacle Real Estate Advisors
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1725 Race St
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