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2875 N Harrison St 6 Unit Apartment Building $875,000 ($145,833/Unit) 7.01% Cap Rate Denver, CO 80205
Investment Highlights
- Single Story Brick Building with Pitched Roof
- Individually Metered for Gas & Electric
- Zoning Allows Flexibility in Residential Form, Permitting Urban Houses, Duplexes, Townhomes, Among Others
- 7.01% Current CAP Rate
- Covered Land Play Opportunity on 0.36 Acre Corner Lot
- Walking Distance to City Park Golf Course, Denver Zoo and Denver Museum of Nature & Science
Executive Summary
JUST LISTED! 6 units in Denver, priced below comparable properties with a 7.01% current CAP rate. Located within walking distance to City Park, Denver Zoo, and the Denver Museum of Nature and Science. Features a 0.36-acre corner lot with a covered land play opportunity. Zoning allows a variety of residential development options, 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 2855 N Harrison Street.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$85,500
|
$22.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,275
|
$1.11
|
| Effective Gross Income |
$81,225
|
$21.18
|
| Taxes |
$7,903
|
$2.06
|
| Operating Expenses |
$12,005
|
$3.13
|
| Total Expenses |
$19,908
|
$5.19
|
| Net Operating Income |
$61,317
|
$15.99
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $85,500 |
| Annual Per SF | $22.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,275 |
| Annual Per SF | $1.11 |
| Effective Gross Income | |
|---|---|
| Annual | $81,225 |
| Annual Per SF | $21.18 |
| Taxes | |
|---|---|
| Annual | $7,903 |
| Annual Per SF | $2.06 |
| Operating Expenses | |
|---|---|
| Annual | $12,005 |
| Annual Per SF | $3.13 |
| Total Expenses | |
|---|---|
| Annual | $19,908 |
| Annual Per SF | $5.19 |
| Net Operating Income | |
|---|---|
| Annual | $61,317 |
| Annual Per SF | $15.99 |
Property Facts
| Price | $875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $145,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 7.01% | Building Size | 3,835 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Zoning | R2 | ||
| Price | $875,000 |
| Price Per Unit | $145,833 |
| Sale Type | Investment |
| Cap Rate | 7.01% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 3,835 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,188 | 639 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2254-25-013 | Total Assessment | $90,010 |
| Land Assessment | $36,120 | Annual Taxes | $7,903 ($2.06/SF) |
| Improvements Assessment | $36,120 | Tax Year | 2025 |
Property Taxes
Parcel Number
2254-25-013
Land Assessment
$36,120
Improvements Assessment
$36,120
Total Assessment
$90,010
Annual Taxes
$7,903 ($2.06/SF)
Tax Year
2025
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2875 N Harrison St
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