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1331 Columbine St 9 Unit Apartment Building $1,550,000 ($172,222/Unit) 6.16% Cap Rate Denver, CO 80206
Investment Highlights
- Beautifully Renovated, Turn-Key Asset w/ Newer: Kitchens, Bathrooms, Floors, Electrical, Plumbing, Windows, Roof, Parking Lot, Boiler & Water Heaters
- (11) Off-Street Parking Spaces Provide Additional Income
- Large Fenced Yard with Potential for Dog Run or other Community Use
- Excellent Location Near Cheesman and Congress Parks
- Bike Storage and On-Site Laundry
- Strong Neighborhood Demographics: Average Household Income of $126,907 within One Mile
Executive Summary
JUST LISTED! 9 Units in Congress Park. Beautifully Renovated, Turnkey Asset with Onsite Laundry, Bike Storage and 11 Off-Street Parking Spaces.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$139,038
|
$16.87
|
| Other Income |
$4,919
|
$0.60
|
| Vacancy Loss |
$4,319
|
$0.52
|
| Effective Gross Income |
$139,638
|
$16.94
|
| Taxes |
$6,392
|
$0.78
|
| Operating Expenses |
$37,773
|
$4.58
|
| Total Expenses |
$44,165
|
$5.36
|
| Net Operating Income |
$95,473
|
$11.58
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $139,038 |
| Annual Per SF | $16.87 |
| Other Income | |
|---|---|
| Annual | $4,919 |
| Annual Per SF | $0.60 |
| Vacancy Loss | |
|---|---|
| Annual | $4,319 |
| Annual Per SF | $0.52 |
| Effective Gross Income | |
|---|---|
| Annual | $139,638 |
| Annual Per SF | $16.94 |
| Taxes | |
|---|---|
| Annual | $6,392 |
| Annual Per SF | $0.78 |
| Operating Expenses | |
|---|---|
| Annual | $37,773 |
| Annual Per SF | $4.58 |
| Total Expenses | |
|---|---|
| Annual | $44,165 |
| Annual Per SF | $5.36 |
| Net Operating Income | |
|---|---|
| Annual | $95,473 |
| Annual Per SF | $11.58 |
Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $172,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.16% | Building Size | 5,288 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1902 |
| Property Subtype | Apartment | Parking Ratio | 2.08/1,000 SF |
| Zoning | R3 | ||
| Price | $1,550,000 |
| Price Per Unit | $172,222 |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,288 SF |
| No. Stories | 3 |
| Year Built | 1902 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | R3 |
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- Fenced Lot
- Laundry Facilities
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $5,778 | 280 |
| 1+1 | 7 | $1,220 | 434 |
| 2+1 | 1 | $2,000 | 887 |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5012-13-014 | Total Assessment | $83,550 (2025) |
| Land Assessment | $31,440 (2025) | Annual Taxes | $6,392 ($1.21/SF) |
| Improvements Assessment | $31,440 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5012-13-014
Land Assessment
$31,440 (2025)
Improvements Assessment
$31,440 (2025)
Total Assessment
$83,550 (2025)
Annual Taxes
$6,392 ($1.21/SF)
Tax Year
2026
Contacts
-
Josh Newell -
Sam Knowlton -
Lindsey Santaularia -
Annie Joseph -
Pinnacle Real Estate Advisors
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1331 Columbine St
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