2105 E 16th Ave - Apartments FOR SALE


Denver, CO 80206- City Park West
$875,000 USD
303-903-9638
2105 E 16th Ave, Denver, CO for Sale
$875,000 USD
Apartments - FOR SALE
1/21
null | 6.7% Cap Rate

2105 E 16th Ave
Denver, CO 80206
City Park West


HIGHLIGHTS

  • Sub $900k for 6 units in a premium neighborhood
  • All new electrical completed approximately 15 years ago
  • Vinyl windows and on-site laundry
  • Separately metered electric reduces owner utility exposure
  • Highly walkable and bikeable location with easy access to East Colfax dining, nightlife, and retail

OVERVIEW

2105 E 16th Avenue is a charming 6-unit brick multifamily building located in Denver’s highly desirable City Park West neighborhood. Built in 1893 and zoned G-RO-3, the property consists of (3) studio units and (3) 1bed/1bath units, offering a straightforward mix well-suited to the core Denver urban renter. City Park West is one of Denver’s most walkable and bikeable neighborhoods, positioned just a few blocks from City Park, the Denver Zoo, and the Denver Museum of Nature and Science. Presbyterian St. Luke’s Medical Center sits just 0.6 miles away, and East Colfax Avenue’s restaurants, bars, and nightlife are steps from the front door, giving tenants an A+ urban lifestyle at an accessible price point. The property is currently 100% occupied and has benefited from consistent capital investment over the years, including all new electrical completed approximately 15 years ago, vinyl windows 5 years ago, new water heater in 2025, and on-site laundry. Separately metered electric reduces owner utility exposure and simplifies operations. With current rents modestly below market, a buyer can expect meaningful upside through natural lease-up turnover without the need for significant capital outlay.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1893

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

G-RO-3

APN/PARCEL ID

2355-28-012

ASK ABOUT THIS PROPERTY

Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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Jack ShermanNorthPeak Commercial AdvisorsMore Info
303-903-9638

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