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2855 & 2875 N Harrison St Redevelopment 2 Multifamily Properties Offered at $2,700,000 in Denver, CO
INVESTMENT HIGHLIGHTS
- Covered Land Play Opportunity on Large 0.93 Acre Lot
- Strong Neighborhood Demographics: $123,271 Average Household Income Within 1 Mile Radius
- Nearby Recent Developments
- Zoning: E-MU-2.5 (Allows for Duplexes, Townhomes, etc.)
- Three, Single Story Brick Buildings with Pitched Roofs
- Walking Distance to City Park Golf Course, Denver Zoo and Denver Museum of Nature & Science
EXECUTIVE SUMMARY
PRICE REDUCED! Covered land play opportunity on large 0.93 acre lot in Denver. Walking distance to City Park, Denver Zoo and Denver Museum of Nature and Science. Zoning allows flexibility in residential form, permitting urban houses, duplexes, townhomes, garden court developments, small apartment buildings, and accessory dwelling units (ADUs), all within a 2.5-story height limit.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$241,400
|
| Other Income |
$2,820
|
| Vacancy Loss |
$12,211
|
| Effective Gross Income |
$232,009
|
| Taxes |
$14,219
|
| Operating Expenses |
$52,647
|
| Total Expenses |
$66,866
|
| Net Operating Income |
$165,143
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $241,400 |
| Other Income | |
|---|---|
| Annual | $2,820 |
| Vacancy Loss | |
|---|---|
| Annual | $12,211 |
| Effective Gross Income | |
|---|---|
| Annual | $232,009 |
| Taxes | |
|---|---|
| Annual | $14,219 |
| Operating Expenses | |
|---|---|
| Annual | $52,647 |
| Total Expenses | |
|---|---|
| Annual | $66,866 |
| Net Operating Income | |
|---|---|
| Annual | $165,143 |
PROPERTY FACTS
| Price | $2,700,000 | Status | Active |
| Price / SF | $256.29 / SF | Number of Properties | 2 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Cap Rate | 6.12% | Total Building Size | 10,535 SF |
| Sale Type | Investment | Total Land Area | 0.93 AC |
| Price | $2,700,000 |
| Price / SF | $256.29 / SF |
| Sale Condition | Redevelopment Project |
| Cap Rate | 6.12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,535 SF |
| Total Land Area | 0.93 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2855 N Harrison St, Denver, CO 80205 | Multifamily | 6,700 SF | 1952 | - |
| 2875 N Harrison St, Denver, CO 80205 | Multifamily | 3,835 SF | 1953 | - |
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2855 & 2875 N Harrison St Redevelopment
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