477 N Pennsylvania St - Apartments FOR SALE


Denver, CO 80203- Alamo Placita
$775,000 USD
720-738-1949
477 N Pennsylvania St, Denver, CO for Sale
$775,000 USD
Apartments - FOR SALE
1/26
null | 4.49% Cap Rate

477 N Pennsylvania St
Denver, CO 80203
Alamo Placita


OVERVIEW

477 Pennsylvania St. offers an exceptional value-add opportunity in the heart of Denver’s Alamo Placita Historic District. Priced to sell, this charming 4-unit building consists of three 1-bedroom apartments and one studio. Each residence offers comfortable layouts with strong rental demand driven by the property’s central location near Broadway, Speer, Downtown and Cherry Creek. Well-maintained under the same ownership since 1996, the property presents clear upside for a new owner to add value through upgrades to the apartments or a complete reconfiguration of the building. Surrounded by historic homes on a quiet block, it’s priced accordingly for those seeking either a stable 4-unit investment or the opportunity to reimagine it as a signature single-family residence.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

4.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,000 SF

ZONING

U-SU-B1

APN/PARCEL ID

5113-11-023

ASK ABOUT THIS PROPERTY

Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

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Austin BengfordNorthPeak Commercial AdvisorsMore Info
720-738-1949

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