1725 N High St - Apartments FOR SALE


Denver, CO 80218- City Park West
$1,850,000 USD
720-930-9764
1725 N High St, Denver, CO for Sale
$1,850,000 USD
Apartments - FOR SALE
1/52
null | 7.72% Cap Rate

1725 N High St
Denver, CO 80218
City Park West


HIGHLIGHTS

  • 100% Occupied Offering
  • $500,000 in Recent Capital Improvements
  • Desirable Urban Submarket (City Park West)
  • 7.72% Cap Rate

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 8,767 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

$1,850,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,500

CAP RATE

7.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1721-1725 N High St

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

Canyon LawKenai Capital AdvisorsMore Info
720-930-9764

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Canyon LawKenai Capital AdvisorsMore Info
720-930-9764

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