127 N Pearl St - Multi-Family FOR SALE


Denver, CO 80203- Speer
$1,500,000 USD
720-955-6097
127 N Pearl St, Denver, CO for Sale
$1,500,000 USD
Multi-Family - FOR SALE
1/47
null | 5.21% Cap Rate

127 N Pearl St
Denver, CO 80203
Speer


HIGHLIGHTS

  • Situated in the Speer neighborhood, the asset bridges Downtown Denver and Cherry Creek.
  • Walk Score of 96 and Bike Score of 98 provide tenants with premier, car-free access.
  • Attractive unit mix where 1-bedroom layouts comprise 83.3% of the property.
  • Spanning 650 to 700 square feet, these units provide up to a 100-square-foot premium over competing mid-century buildings.
  • The 80203 zip code boasts a $77,500 median income and a median age of 33.1.

OVERVIEW

Centennial Advisers brings to market 127 North Pearl Street in Denver, a clear value-add opportunity positioned within the highly desirable Speer neighborhood. This 3,750 SF, 6-unit multi-family asset offers an exceptional combination of physical size advantages, urban connectivity, and significant income-growth potential to achieve a proforma NOI of $78,213 (5.21% Cap Rate). With a 65.6% projected increase in Net Operating Income, the property delivers a proven pathway to value creation through stabilizing occupancy and bringing below-market rents to market levels—ideal for investors focused on immediate operational upside. Operating with a lower-density physical footprint, the property features five 1-bedroom units, one studio unit, and individual utility metering requiring tenant-paid electric. Located a block and a half off Speer Blvd, this property boasts an exceptional Walk Score of 96, highlighting its prime location within a highly walkable neighborhood. With easy access to pedestrian-friendly streets, the site benefits from consistent foot traffic. Additionally, the property offers a Bike Score of 98, making it ideal for cyclists with nearby bike lanes . Exceptional transportation options are also within reach, including Speer Boulevard, which provides seamless regional connectivity to Downtown Denver and Cherry Creek. Backed by a high-income demographic profile where 51% of households earn over $75,000 annually, the property offers a dependable platform for long-term occupancy and continued income growth. 127 North Pearl Street stands out as a compelling opportunity for an investor seeking a centrally located, value-add multi-family asset with both immediate utility and strong future upside in a growing Denver market.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,704 SF

ZONING

U-TU-B2, UO-3

APN/PARCEL ID

5101-25-015

ASK ABOUT THIS PROPERTY

Will GarrettCentennial AdvisersMore Info
720-955-6097

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

Will GarrettCentennial AdvisersMore Info
720-955-6097

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