1149 Syracuse St - Apartments FOR SALE


Denver, CO 80220- East Colfax
$800,000 USD
562-269-4844
1149 Syracuse St, Denver, CO for Sale
$800,000 USD
Apartments - FOR SALE
1/7
null | 6.26% Cap Rate

1149 Syracuse St
Denver, CO 80220
East Colfax


HIGHLIGHTS

  • Prime location in Montclair neighborhood
  • Strong rental demand
  • Proximity to key amenities
  • Well-maintained and fully leased units
  • Adequate parking
  • Opportunity Zone!

OVERVIEW

Located at 1149 Syracuse Street in the highly sought-after Montclair neighborhood of Denver, this property enjoys a prime position in one of the city’s most established and character-rich submarkets. Montclair is renowned for its treelined streets, a unique blend of classic architecture and modern infill development, providing residents with a quaint, neighborhood-focused atmosphere. Its proximity to key destinations like Lowry Town Center and Central Park further enhances the property’s appeal, offering easy access to shopping, dining, and recreational amenities. The property is conveniently connected to major routes including East Colfax Avenue and Yosemite Boulevard, making commuting simple and providing easy access to employment hubs and public transportation. With rental demand driven by the area's quiet residential appeal and access to well-established infrastructure, the property stands out in a supply-constrained market where housing turnover is limited. The strong rental demand is supported by the continued reinvestment in the area, contributing to consistent value appreciation in this stable submarket. The property at 1149 Syracuse Street consists of four rental units with a gross monthly income of $5,450 and projected gross income of $6,000. The units range are 2-bedroom, 1-bath layouts with square footage of 800 sq. ft. each. Current leases extend through 2026, with a mix of fixed-term and month-to-month arrangements. Operating expenses are well-managed, and the property generates a Net Operating Income (NOI) of approximately $50,086 for 2025, reflecting a steady and reliable investment with strong returns.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

4

PRICE/UNIT

$200,000

CAP RATE

6.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,470 SF

ZONING

G-MU-3

APN/PARCEL ID

06042-31-045-000

ASK ABOUT THIS PROPERTY

Camille MonizCentennial AdvisersMore Info
562-269-4844

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Camille MonizCentennial AdvisersMore Info
562-269-4844

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