903 E 14th - Apartments FOR SALE


Denver, CO 80218- Capitol Hill
$3,600,000 USD
303-818-1805
903 E 14th, Denver, CO for Sale
$3,600,000 USD
Apartments - FOR SALE
1/14
null | 5.88% Cap Rate

903 E 14th
Denver, CO 80218
Capitol Hill


HIGHLIGHTS

  • Two adjacent properties with ability to sell each parcel separately
  • Desirable unit mix of 1-, 2- and 3-bedroom layouts
  • Prime Capitol Hill location
  • Spacious units: average 2-bedroom +1,000 SF and average 3-bedroom +1,200 SF
  • On-site laundry facility
  • Original hardwood floors and decorative wood trim

OVERVIEW

This offering presents an opportunity to acquire a vintage, well-maintained, 14- unit multifamily portfolio in Denver’s Capitol Hill neighborhood. The portfolio consists of two adjacent properties: an 8-unit building at 903 E 14th Ave. (one 1-bedroom, two 2-bedrooms and five 3-bedrooms) and a 6-unit building at 1418 Emerson St. (three 1-beds and three 2-beds). Each unit features larger-than-average layouts, with original hardwood floors, decorative wood trim and classic vintage character. Recent capital upgrades include a roof replacement (2018), full replacement of the water service line (2023), and updated common areas and hallways. With its strong physical condition and attractive layouts, the property performs well today while leaving room for targeted kitchen and bathroom renovations that can drive long-term rent growth without sacrificing historic appeal. Anchored by its strong location, historic charm and consistent tenant demand, 903 E 14th and 1418 Emerson deliver stable performance today with clear potential for improved returns over time.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

14

PRICE/UNIT

$257,143

CAP RATE

5.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,450 SF

ZONING

G-MU-5

APN/PARCEL ID

5022-07-011

ASK ABOUT THIS PROPERTY

Conner PirettiNorthPeak Commercial AdvisorsMore Info
303-818-1805

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Conner PirettiNorthPeak Commercial AdvisorsMore Info
303-818-1805

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