1258 Marion St - Apartments FOR SALE


Denver, CO 80218- Cheesman Park
$2,500,000 USD
720-392-5663
1258 Marion St, Denver, CO for Sale
$2,500,000 USD
Apartments - FOR SALE
1/37
null | 5.85% Cap Rate

1258 Marion St
Denver, CO 80218
Cheesman Park


HIGHLIGHTS

  • Cheesman Park location
  • New Electrical
  • Newer Boiler
  • Upgraded Units
  • well maintained

OVERVIEW

1258 N Marion St is a 12-unit multifamily property ideally located just steps from Cheesman Park in one of Denver’s most desirable central neighborhoods. The property consists of 11 one-bedroom units and 1 studio, offering a strong and highly leasable unit mix in a proven rental submarket. Units are in good overall condition and have been upgraded with modernized kitchens and bathrooms, and each unit includes a dishwasher. The building has also undergone significant capital improvements, including newer windows and an upgraded electrical system, helping reduce future maintenance exposure and enhance overall efficiency. The property includes five on-site parking spaces that generate additional income. With solid in-place rents and continued rent growth potential, 1258 N Marion St presents a compelling investment opportunity in a high-demand Denver location.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

12

PRICE/UNIT

$208,333

CAP RATE

5.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marion Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

G-MU-3, Denver

APN/PARCEL ID

5022-21-005

ASK ABOUT THIS PROPERTY

Chris KooijAltos Realty & Property ManagementMore Info
720-392-5663

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

Chris KooijAltos Realty & Property ManagementMore Info
720-392-5663

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