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903 E 14th 14 Unit Apartment Building $3,600,000 ($257,143/Unit) 5.88% Cap Rate Denver, CO 80218
INVESTMENT HIGHLIGHTS
- Two adjacent properties with ability to sell each parcel separately
- Prime Capitol Hill location
- On-site laundry facility
- Desirable unit mix of 1-, 2- and 3-bedroom layouts
- Spacious units: average 2-bedroom +1,000 SF and average 3-bedroom +1,200 SF
- Original hardwood floors and decorative wood trim
EXECUTIVE SUMMARY
This offering presents an opportunity to acquire a vintage, well-maintained, 14- unit multifamily portfolio in Denver’s Capitol Hill neighborhood. The portfolio consists of two adjacent properties: an 8-unit building at 903 E 14th Ave. (one 1-bedroom, two 2-bedrooms and five 3-bedrooms) and a 6-unit building at 1418 Emerson St. (three 1-beds and three 2-beds). Each unit features larger-than-average layouts, with original hardwood floors, decorative wood trim and classic vintage character. Recent capital upgrades include a roof replacement (2018), full replacement of the water service line (2023), and updated common areas and hallways.
With its strong physical condition and attractive layouts, the property performs well today while leaving room for targeted kitchen and bathroom renovations that can drive long-term rent growth without sacrificing historic appeal. Anchored by its strong location, historic charm and consistent tenant demand, 903 E 14th and 1418 Emerson deliver stable performance today with clear potential for improved returns over time.
With its strong physical condition and attractive layouts, the property performs well today while leaving room for targeted kitchen and bathroom renovations that can drive long-term rent growth without sacrificing historic appeal. Anchored by its strong location, historic charm and consistent tenant demand, 903 E 14th and 1418 Emerson deliver stable performance today with clear potential for improved returns over time.
PROPERTY FACTS
| Price | $3,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $257,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 5.88% | Building Size | 11,756 SF |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1908 |
| Property Subtype | Apartment | ||
| Zoning | G-MU-5 | ||
| Price | $3,600,000 |
| Price Per Unit | $257,143 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 11,756 SF |
| No. Stories | 3 |
| Year Built | 1908 |
| Zoning | G-MU-5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 613 |
| 2+1 | 5 | - | 1,010 |
| 3+1 | 5 | - | 1,220 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 5022-07-011 | Improvements Assessment | $131,800 |
| Land Assessment | $14,600 | Total Assessment | $146,400 |
PROPERTY TAXES
Parcel Number
5022-07-011
Land Assessment
$14,600
Improvements Assessment
$131,800
Total Assessment
$146,400
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903 E 14th
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