1717-1725 High St - Apartments FOR SALE


Denver, CO 80218- City Park West
$2,000,000 USD
720-663-8999
1717-1725 High St, Denver, CO for Sale
$2,000,000 USD
Apartments - FOR SALE
1/47
null | 6.6% Cap Rate

1717-1725 High St
Denver, CO 80218
City Park West


HIGHLIGHTS

  • Value-Add Potential: 7.1% Cap Achievable With Lot Split
  • $500,000 in Recent Capital Improvements
  • Stabilized Office Cash Flow with Residential Upside
  • Desirable Urban Submarket (City Park West)

OVERVIEW

Compass Inc. (“Compass”) and Kenai Capital Advisors (“Kenai”), acting as exclusive advisors for the seller, are pleased to present to acquire the fee simple interest in 1721-1725 N High St, an 8,500 SF mixed-use multifamily and office property in Denver’s highly walkable and historic City Park West neighborhood. 1721-1725 N High St (the “Property”) presents a rare investment opportunity in a one-of-a-kind asset, with stable in-place income, limited downside and multiple easily achievable value-add strategies for prospective buyers. Originally constructed in 1894 on a 0.20-acre lot, the building has been updated for both commercial and residential use, with approximately $500K in capital improvements since 2022. Zoned G-RO-3, the property allows for both multifamily and commercial uses. The office portion spans approximately two-thirds of the building and is leased to a therapy services provider through August 2029, currently achieving $8,500/month in rental revenue with 3% annual escalations. One residential unit, a 1,200 SF 2BR/1BA unit, achieves in-place revenue of $2,250/month. On top of the office space and 2BR/1BA unit generating $10,700/month, the remaining 4BR/1.5BA unit is owner-occupied and represents the opportunity to add further rental income or reposition the space for resale. For investors, the asset offers flexible exit optionality—whether by executing a lot split, converting units to pure residential, or repositioning for executive commercial offices—all within one of Denver’s most desirable urban neighborhoods.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

-

CAP RATE

6.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1894

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

G-RO-3

APN/PARCEL ID

2355-18-024

ASK ABOUT THIS PROPERTY

Erik CarmanKenai Capital AdvisorsMore Info
720-663-8999

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

Erik CarmanKenai Capital AdvisorsMore Info
720-663-8999

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