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Marion House 875 N Marion St 8 Unit Apartment Building $1,600,000 ($200,000/Unit) 5.36% Cap Rate Denver, CO 80218
Investment Highlights
- High demand downtown location
- Private entrances on garden and main floors
- Walkable to grocery stores, parks, restaurants, and entertainment
- Onsite laundry
Executive Summary
NEW PRICE!
Located in one of Denver's most desirable downtown neighborhoods, 875 N Marion St presents a lucrative opportunity for investors. The area is a hotspot for multifamily investors due its high renter demand and elevated property values. The property offers significant upside without major expense by raising rents to market rates, implementing utility reimbursements, and adding tenant storage units to the garage. The parking area in the alley can also be monetized.
Tenants will enjoy the incredible walkability, with a King Soopers only a block away, and the neighborhood attractions like Cheesman Park and the Denver Botanic Gardens. Onsite amenities include free laundry machines for tenants and a hot tub (optional in sale).
Located in one of Denver's most desirable downtown neighborhoods, 875 N Marion St presents a lucrative opportunity for investors. The area is a hotspot for multifamily investors due its high renter demand and elevated property values. The property offers significant upside without major expense by raising rents to market rates, implementing utility reimbursements, and adding tenant storage units to the garage. The parking area in the alley can also be monetized.
Tenants will enjoy the incredible walkability, with a King Soopers only a block away, and the neighborhood attractions like Cheesman Park and the Denver Botanic Gardens. Onsite amenities include free laundry machines for tenants and a hot tub (optional in sale).
Property Facts
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.36% | Building Size | 4,082 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1926/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.49/1,000 SF |
| Zoning | G-MU-3 | ||
| Price | $1,600,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,082 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1926/2015 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | G-MU-3 |
Amenities
Unit Amenities
- Balcony
- Hardwood Floors
- Carpet
- Patio
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Security System
- Vintage Building
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 5023-15-022 | Improvements Assessment | $27,160 |
| Land Assessment | $27,160 | Total Assessment | $105,010 |
Property Taxes
Parcel Number
5023-15-022
Land Assessment
$27,160
Improvements Assessment
$27,160
Total Assessment
$105,010
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Marion House | 875 N Marion St
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