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2855 N Harrison St 10 Unit Apartment Building $1,600,000 ($160,000/Unit) 6.62% Cap Rate Denver, CO 80205
Investment Highlights
- Two, Single Story Brick Buildings with Pitched Roofs
- Individually Metered for Gas & Electric
- Zoning Allows Flexibility in Residential Form, Permitting Urban Houses, Duplexes, Townhomes, Among Others
- 6.62% Current CAP Rate
- Covered Land Play Opportunity on Large 0.57 Acre Lot
- Strong Neighborhood Demographics: $123,271 Average Household Income Within 1 Mile Radius
Executive Summary
JUST LISTED! 10 units in Denver with a 6.62% current CAP rate. Walking distance to City Park, Denver Zoo, and the Denver Museum of Nature and Science. This property sits on a large 0.5-acre lot, offering a covered land play opportunity. Zoning provides flexibility for residential development, including urban houses, duplexes, townhomes, garden court developments, small apartment buildings, and accessory dwelling units (ADUs), all within a 2.5-story height limit. Can be purchased with 2875 N Harrison Street.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$159,180
|
$23.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,959
|
$1.19
|
| Effective Gross Income |
$151,221
|
$22.57
|
| Taxes |
$6,313
|
$0.94
|
| Operating Expenses |
$38,925
|
$5.81
|
| Total Expenses |
$45,238
|
$6.75
|
| Net Operating Income |
$105,983
|
$15.82
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $159,180 |
| Annual Per SF | $23.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,959 |
| Annual Per SF | $1.19 |
| Effective Gross Income | |
|---|---|
| Annual | $151,221 |
| Annual Per SF | $22.57 |
| Taxes | |
|---|---|
| Annual | $6,313 |
| Annual Per SF | $0.94 |
| Operating Expenses | |
|---|---|
| Annual | $38,925 |
| Annual Per SF | $5.81 |
| Total Expenses | |
|---|---|
| Annual | $45,238 |
| Annual Per SF | $6.75 |
| Net Operating Income | |
|---|---|
| Annual | $105,983 |
| Annual Per SF | $15.82 |
Property Facts
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $160,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 6.62% | Building Size | 6,700 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Zoning | R2, Denver | ||
| Price | $1,600,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 6,700 SF |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | R2, Denver |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Freezer
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,267 | 630 |
| 2+1 | 2 | $1,565 | 690 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2254-25-047 | Total Assessment | $136,210 |
| Land Assessment | $54,680 | Annual Taxes | $6,313 ($0.94/SF) |
| Improvements Assessment | $54,680 | Tax Year | 2025 |
Property Taxes
Parcel Number
2254-25-047
Land Assessment
$54,680
Improvements Assessment
$54,680
Total Assessment
$136,210
Annual Taxes
$6,313 ($0.94/SF)
Tax Year
2025
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2855 N Harrison St
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