thank you
Your email has been sent.
The Elmira Apartments 2846 Federal Blvd 25 Unit Apartment Building $3,495,000 ($139,800/Unit) 6.96% Cap Rate Denver, CO 80211
Investment Highlights
- 6.96% Actual CAP Rate (Trailing 12 Months)
- Superb Location in the Highlands Directly Across from Viking Park
- Rental Upside: Proforma Rents Already Being Achieved or Surpassed in 60% of the Units
- Beautifully Renovated, Turn-Key Asset Including New: Electrical, Plumbing, HVAC, Kitchens, Bathrooms, Windows, Interior Hallways & Exterior Paint
- Excellent Neighborhood Demographics: $124,672 Average Household Income within a Two Mile Radius
- Walk Score: 92 - Short Distance Public Transportation, Parks, Shopping, Restaurants & Entertainment
Executive Summary
Major Price Change: 25 Units in the Highlands; 6.96% Actual T12 CAP Rate!
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$320,556
|
$31.58
|
| Other Income |
$40,635
|
$4.00
|
| Vacancy Loss |
$21,663
|
$2.13
|
| Effective Gross Income |
$339,528
|
$33.44
|
| Taxes |
$27,983
|
$2.76
|
| Operating Expenses |
$68,344
|
$6.73
|
| Total Expenses |
$96,327
|
$9.49
|
| Net Operating Income |
$243,201
|
$23.96
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $320,556 |
| Annual Per SF | $31.58 |
| Other Income | |
|---|---|
| Annual | $40,635 |
| Annual Per SF | $4.00 |
| Vacancy Loss | |
|---|---|
| Annual | $21,663 |
| Annual Per SF | $2.13 |
| Effective Gross Income | |
|---|---|
| Annual | $339,528 |
| Annual Per SF | $33.44 |
| Taxes | |
|---|---|
| Annual | $27,983 |
| Annual Per SF | $2.76 |
| Operating Expenses | |
|---|---|
| Annual | $68,344 |
| Annual Per SF | $6.73 |
| Total Expenses | |
|---|---|
| Annual | $96,327 |
| Annual Per SF | $9.49 |
| Net Operating Income | |
|---|---|
| Annual | $243,201 |
| Annual Per SF | $23.96 |
Property Facts
| Price | $3,495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $139,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 6.96% | Building Size | 10,152 SF |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2022 |
| Property Subtype | Apartment | ||
| Zoning | G-MU-5 | ||
| Price | $3,495,000 |
| Price Per Unit | $139,800 |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 10,152 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2022 |
| Zoning | G-MU-5 |
Amenities
Unit Amenities
- Cable Ready
- Fireplace
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | $1,069 | 350 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2294-20-001 | Total Assessment | $379,460 (2025) |
| Land Assessment | $47,810 (2025) | Annual Taxes | $27,983 ($2.76/SF) |
| Improvements Assessment | $47,810 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2294-20-001
Land Assessment
$47,810 (2025)
Improvements Assessment
$47,810 (2025)
Total Assessment
$379,460 (2025)
Annual Taxes
$27,983 ($2.76/SF)
Tax Year
2026
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Elmira Apartments | 2846 Federal Blvd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.