1130 N Downing St - Apartments FOR SALE


Denver, CO 80218- Cheesman Park
$1,295,000 USD
720-738-1949
1130 N Downing St, Denver, CO for Sale
$1,295,000 USD
Apartments - FOR SALE
1/22
null | 5.63% Cap Rate

1130 N Downing St
Denver, CO 80218
Cheesman Park


HIGHLIGHTS

  • Apartments were renovated back in 2018. Updates include granite counters, stainless steel appliances, modern cabinets and in-unit washer/dryer
  • Recent capital improvements include a new furnace with central A/C, new automatic garage doors, new private deck of top floor unit, and more.

OVERVIEW

1130 Downing St. is a 4-unit mansion-conversion that blends historic charm with modern functionality in the heart of Denver’s Cheesman Park neighborhood. The unit mix consists of two 1-bed/1-bath and two 2-bed/1-bath apartments that have each been thoughtfully updated with high-end modern finishes that include granite countertops, stainless steel appliances, modern cabinets and fixtures. Three of the four units also feature an in-unit washer/dryer combo. The property also features two garage parking spaces, as well as two off-street spaces. The location offers convenient access to King Soopers, Whole Foods, neighborhood cafes, and a wide range of nearby restaurants. Since acquiring the property in 2022, the current owners have invested in key improvements that enhance both tenant livability and long-term asset performance. Recent upgrades include installing a new furnace with central air conditioning (2025), installing a new private deck off the top-floor unit (2025), two new automatic garage doors (2025), and a new turf yard in the front for low-maintenance landscaping (2025). The property offers an exceptional opportunity for an investor seeking a turnkey asset or an owner -occupant who values historic charm and modern amenities.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

4

PRICE/UNIT

$323,750

CAP RATE

5.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1892

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

G-MU-3

APN/PARCEL ID

5022-33-007

ASK ABOUT THIS PROPERTY

Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

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Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.