1328 Corona St - Apartments FOR SALE


Denver, CO 80218- Capitol Hill
$1,650,000 USD
720-738-1671
1328 Corona St, Denver, CO for Sale
$1,650,000 USD
Apartments - FOR SALE
1/16
null | 5.91% Cap Rate

1328 Corona St
Denver, CO 80218
Capitol Hill


HIGHLIGHTS

  • Prime location in Denver’s Capitol Hill neighborhood
  • Attractive mix of one-bedroom & studio units
  • New roof (2022)
  • New boiler (2021)
  • Abundant off-street parking
  • Four blocks from Cheesman Park

OVERVIEW

Corona Arms is a charming 10-unit boutique apartment building located in Denver’s highly sought-after Capitol Hill neighborhood—just a few blocks from Cheesman Park and minutes from downtown. This prime location consistently attracts active urban renters drawn to the walkability, green space, and vibrant city lifestyle that define central Denver. The property features a well-balanced mix of studio and one-bedroom apartments, appealing to a broad tenant base. Residents enjoy desirable amenities including a sun deck, convenient on-site laundry, and off-street parking—features that enhance both livability and tenant retention. The building’s classic architecture and landscaped curb appeal contribute to its strong street presence and enduring charm. Significant capital improvements have been completed, positioning the asset as a true turnkey investment. Electrical systems have been upgraded with new breakers, and new gas lines have been run to each unit. Major system updates include a new steam boiler installed in 2021 and a durable 60-mil TPO roof completed in 2022, minimizing near-term capital expenditure. With its combination of location, character, and recent upgrades, The Corona Arms presents a compelling opportunity to acquire a stabilized asset in one of Denver’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

10

PRICE/UNIT

$165,000

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corona Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

R-3, Denver

APN/PARCEL ID

5022-14-007

ASK ABOUT THIS PROPERTY

Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

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Greg JohnsonNorthPeak Commercial AdvisorsMore Info
720-738-1671

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