Four-Unit Historic Apartment
1138 N Clarkson St, Denver, CO 80218
For Sale
$950,000
A mix of studio, one-bedroom, and two-bedroom apartments is complemented by shared laundry and a communal backyard.
Property Size3,326 SF
Price / SF$285.63
Days on Market48
Property Features for 1138 N Clarkson St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
common-area laundry
large communal backyard
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
NorthPeak Commercial Advisors, LLC
(720) 738-1944
Listed By:
Austin Bengford
(970) 692-3008
Source:
Blackfeatherrealty
Added: Sep 21
Changed: Nov 4
Last Checked: Nov 6 at 9:16PM
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 NorthPeak Commercial Advisors, LLC
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Investment Insights
Based on property information with market context.
This 3,326-square-foot, four-unit multifamily property dates to 1892 and contains one studio, two one-bedroom/one-bath units, and one two-bedroom/one-bath unit. Shared amenities include common-area laundry, a communal backyard, and four off-street parking spaces. Recent work includes a 2022 roof replacement, a tankless water heater, updated landscaping at the front and rear, refreshed common areas, and cosmetic improvements to select units.
At 1138 N Clarkson St in Denver, the property is in Capitol Hill, near Ideal Market, King Soopers, Cheesman Park, and neighborhood dining and entertainment. The building is zoned G-MU-3.
At 1138 N Clarkson St in Denver, the property is in Capitol Hill, near Ideal Market, King Soopers, Cheesman Park, and neighborhood dining and entertainment. The building is zoned G-MU-3.
Key Highlights
- Four units: one studio, two 1‑bedroom/1‑bath units, and one 2‑bedroom/1‑bath unit
- 3,326 square feet; built in 1892
- Four off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,274
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,480
$1.1M
Cap Rate 7%
$789,629
$789.6K
Cap Rate 9%
$614,156
$614.2K
Market Conditions
NOI Build-Up for 3,326 SF
Gross rent
$83.8K $25.20/SF
− Vacancy
−$4.9K −$1.46/SF
EGI
$79.0K $23.74/SF
− OpEx
−$23.7K −$7.12/SF
NOI
$55.3K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,105,480
Cap Rate 7%
$789,629
Cap Rate 9%
$614,156
Alternative Uses
Best Use
Multifamily LT 5
$789.6K
$690.9K – $921.2K
NOI $55,274 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$1.06M
$926.4K – $1.24M
NOI $74,115 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,983
Businesses Nearby
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Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Denver, CO
Properties on Market for Quadplexes in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A mix of studio, one-bedroom, and two-bedroom apartments is complemented by shared laundry and a communal backyard.
Where is this quadplex located?
The property is located at 1138 N Clarkson St Denver, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four units: one studio, two 1‑bedroom/1‑bath units, and one 2‑bedroom/1‑bath unit; 3,326 square feet; built in 1892; Four off‑street parking spaces
