12-Unit Apartment
For Sale
$1,300,000
1408 Edison St, Brush, CO 80723
Residential Income, Brush, CO
Property Size6,596 SF
Lot Size0.86 Acres
Price / SF$197.09
Days on Market325
Property Features for 1408 Edison St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
RES
Bedrooms
15
Bathrooms
14
Full bathrooms
14
Rooms
Bathroom 6, Bathroom 11, Bedroom 4, Bedroom 14, Bedroom 6, Bathroom 5, Bathroom 9, Bathroom 7, Bathroom 8, Bedroom 11, Bedroom 3, Bathroom 3, Bathroom 13, Bedroom 8, Bathroom 10, Bathroom 1, Bathroom 12, Bathroom 4, Bedroom 13, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 15, Bedroom 7, Bedroom 9, Bedroom 10, Bathroom 14, Bedroom 12, Bedroom 5
Parking
20
Patio and Porch features
Patio
Exterior features
Sprinkler System
Appliances
Electric Range, Refrigerator
Subdivision
Brush Township
Lot features
Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley, Fire Hydrant within 500 Feet, Mineral Rights Excluded
Elementary school
Brush
Middle school
Brush
High school
Brush
Elementary school district
Brush RE 2J
Middle school district
Brush RE 2J
High school district
Brush RE 2J
Standard status
Active
APN
123103303006
Size
6,596 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9749
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1951
Floors in Building
1
Number of units
12
Building materials
Frame, Stone
Roof type
Composition
Listing Agency:
RE/MAX Alliance-Greeley · RE/MAX International
(970) 330-5000
Listed By:
Michael Tennessen
(970) 817-1220
Added: Nov 17, 2025
Changed: Sep 12
Last Checked: Oct 8 at 7:06AM
MLS# 1047456
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 12-unit apartment building contains 6,596 square feet on a 0.86-acre parcel. The unit mix includes nine 1-bedroom/1-bath apartments, two 2-bedroom/2-bath apartments, and one 2-bedroom/1-bath apartment. Constructed in 1951, the property features frame and stone construction, forced-air heating, composition roofing, patios, and a sprinkler system. Select apartments include electric ranges and refrigerators.
The property is in Brush, near parks and local amenities, with access to Highway 34. Public sewer serves the property, and natural gas is available.
The property is in Brush, near parks and local amenities, with access to Highway 34. Public sewer serves the property, and natural gas is available.
Key Highlights
- 12‑unit apartment building with 6,596 square feet
- Unit mix includes nine 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and one 2‑bedroom/1‑bath apartments
- Situated on 0.86 acres in Brush, CO
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,515
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,300
$1.2M
Cap Rate 7%
$850,214
$850.2K
Cap Rate 9%
$661,278
$661.3K
Market Conditions
NOI Build-Up for 6,596 SF
Gross rent
$116.4K $17.64/SF
− Vacancy
−$8.1K −$1.23/SF
EGI
$108.2K $16.41/SF
− OpEx
−$48.7K −$7.38/SF
NOI
$59.5K $9.02/SF
Area
Morgan County, CO
Vacancy
7.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,300
Cap Rate 7%
$850,214
Cap Rate 9%
$661,278
Alternative Uses
Best Use
Apartment 5plus
$850.2K
$743.9K – $991.9K
NOI $59,515 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,192 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 80723, CO
7,092
Population
2,746
Households
2.6
Avg Household Size
41
Median Age
17%
College-Educated
87%
High-School Grad
265.5 sq mi
ZIP Area
27
Density / Sq Mi
$74,144
Median Household Income
$41,840
Median Earnings
$1,076
Median Rent
$276,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a varied unit mix near parks, local amenities, and Highway 34.
Where is this apartment building located?
The property is located at 1408 Edison St Brush, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 12‑unit apartment building with 6,596 square feet; Unit mix includes nine 1‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and one 2‑bedroom/1‑bath apartments; Situated on 0.86 acres in Brush, CO
