3645 E Neil Pl - Apartments FOR SALE


Denver, CO 80205- Skyland
$1,500,000 USD
206-478-5658
3645 E Neil Pl, Denver, CO for Sale
$1,500,000 USD
Apartments - FOR SALE
1/37
null | 5.42% Cap Rate

3645 E Neil Pl
Denver, CO 80205
Skyland


HIGHLIGHTS

  • 6 Spacious 1-Bedroom Units
  • Close to RiNo, City Park, and Downtown Denver
  • Recent Upgrades – Modernized Interiors, Updated Mechanical Systems, and Well-Kept Common Areas
  • Strong Rental Income – Fully Leased with Stable Tenants and Room for Rent Growth
  • Turnkey Investment – Low-Maintenance Building with Consistent Cash Flow

OVERVIEW

3645 E Neil Place is a well-maintained, six-unit multifamily property located in Denver’s Skyland neighborhood, just minutes from City Park. Built in 1951, the property consists of a single, side-by-side ranch-style building with six 1-bedroom units, presenting the opportunity to party-wall-split the units, giving future ownership the potential to sell individual units. All leases are currently month-to-month, offering flexibility for rental increases or repositioning. Tenants benefit from off-street garage parking, on-site laundry, and a quiet residential setting with convenient access to City Park, the Denver Zoo, the Museum of Nature & Science, and major corridors like Colorado Boulevard and MLK Jr. Boulevard. The units themselves have been updated, the mechanical systems improved, and the common areas are well maintained, making this a turn-key asset with strong in-place income. 3645 E Neil offers a compelling mix of location, stability, and strategic upside in one of Denver’s most livable and established neighborhoods. County: Denver Year Built: 1951 # Buildings: 2 # Stories: 1 # Units: 6 GBA: 3,307 SF Lot Size: 16,500 SF Construction: Masonry Roof: Pitched Parking: Street and Garage # Parking Spaces: 4 Zoning: E-TU-C Gas/Electric: Individual

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

5.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,500 SF

ZONING

E-TU-C

APN/PARCEL ID

2254-24-006

ASK ABOUT THIS PROPERTY

Ellen CummingsKaufman HaganMore Info
206-478-5658

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Ellen CummingsKaufman HaganMore Info
206-478-5658

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