5-Unit Apartment
For Sale
$1,200,000
1-3014 E 17th Ave, Denver, CO 80206
Residents have access to a detached garage, shared backyard garden, and on-site laundry.
Property Size5,505 SF
Price / SF$217.98
Days on Market15
Property Features for 1-3014 E 17th Ave
General Information
Standard status
Active
Size
5,505 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$7,259
Amenities
detached two-car garage
shared backyard garden
onsite laundry room
Listing Agency:
Keller Williams Integrity Real Estate LLC
(303) 722-3300
Listed By:
Michelle Glass · License #100038971
(720) 575-2870
Source:
Exprealty
Added: Sep 23
Changed: Oct 2
Last Checked: Oct 7 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Integrity Real Estate LLC
Investment Insights
Based on property information with market context.
This 5,505-SF apartment property contains five residential units, with a detached two-car garage, shared backyard garden, and on-site laundry room. The residential configuration is complemented by shared amenities and garage parking.
The property is directly across from Denver’s City Park, which includes walking and biking paths, lakes, a golf course, the Denver Zoo Conservation Alliance, and the Denver Museum of Nature & Science. East 17th Avenue and Colfax Avenue provide access to restaurants, cafes, shopping, and entertainment.
The property is directly across from Denver’s City Park, which includes walking and biking paths, lakes, a golf course, the Denver Zoo Conservation Alliance, and the Denver Museum of Nature & Science. East 17th Avenue and Colfax Avenue provide access to restaurants, cafes, shopping, and entertainment.
Key Highlights
- Five residential units
- 5,505 SF property
- Directly across from Denver’s City Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,586
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,720
$1.7M
Cap Rate 7%
$1,194,086
$1.2M
Cap Rate 9%
$928,733
$928.7K
Market Conditions
NOI Build-Up for 5,505 SF
Gross rent
$161.8K $29.40/SF
− Vacancy
−$9.9K −$1.79/SF
EGI
$152.0K $27.61/SF
− OpEx
−$68.4K −$12.42/SF
NOI
$83.6K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,720
Cap Rate 7%
$1,194,086
Cap Rate 9%
$928,733
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,586 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,671 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
11,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
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 - Residents have access to a detached garage, shared backyard garden, and on-site laundry.
Where is this apartment building located?
The property is located at 1-3014 E 17th Ave Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five residential units; 5,505 SF property; Directly across from Denver’s City Park
