21 Logan St - Apartments FOR SALE


Denver, CO 80203- Speer
$2,750,000 USD
720-939-2943
21 Logan St, Denver, CO for Sale
$2,750,000 USD
Apartments - FOR SALE
1/8
null | 4.98% Cap Rate

21 Logan St
Denver, CO 80203
Speer


HIGHLIGHTS

  • Assumable debt at 3.18% fixed thru March 2027
  • Great West Wash Park location
  • Most units updated
  • New roof & boiler
  • Updated laundry equipment with credit card processing
  • 5 off-street parking spaces

OVERVIEW

21 Logan Street presents a rare opportunity to acquire a well-located 12-unit multifamily property in the heart of Denver’s desirable Speer neighborhood, just minutes from downtown and steps from the vibrant retail and dining corridors of South Broadway and Cherry Creek. Built in 1961, this low-rise apartment building consists of 12 spacious one-bedroom units, offering a balanced mix of vintage charm and modernization potential. The property has been well-maintained and features secure entry, on-site laundry, and off-street parking for residents. Several units have been updated, providing immediate rental upside with continued interior renovations. Situated on a 5,950 SF lot zoned for multifamily use, 21 Logan benefits from strong tenant demand driven by its central location, walkability, and access to major transit lines and employment centers. The asset is positioned for long-term appreciation and stable cash flow in one of Denver’s strongest rental submarkets. This offering represents a solid, income-producing investment with long-term upside, ideal for both local and out-of-state multifamily investors seeking stability and future growth in a premier Denver neighborhood.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

12

PRICE/UNIT

$229,167

CAP RATE

4.98%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,612 SF

ZONING

G-MU-3

APN/PARCEL ID

5104-05-018

ASK ABOUT THIS PROPERTY

Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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Joe HornsteinNorthPeak Commercial AdvisorsMore Info
720-939-2943

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