12-Unit Apartment
For Sale
$2,150,000
1152 N York Street, Denver, CO 80206
Three-story multifamily property with varied residences, shared laundry, and nine off-street parking spaces.
Property Size9,450 SF
Days on Market21
Property Features for 1152 N York Street
General Information
Standard status
Active
Size
9,450 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,044
Building Details
Building Size
9,450 SF
Year Built
1964
Listing Agency:
Kentwood Real Estate DTC, LLC
Listed By:
Kyle Malnati · License #40042617
(303) 773-3399
Source:
Guidere
Added: Aug 13
Changed: Aug 31
Last Checked: Sep 2 at 12:37AM
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 Kentwood Real Estate DTC, LLC
Investment Insights
Based on property information with market context.
Built in 1964, this approximately 9,450-square-foot, three-story apartment building at 1152 N York St includes 12 residences: four one-bedroom, one-bath apartments and eight two-bedroom, two-bath townhomes. Interior features include hardwood flooring, full-size kitchen appliances with dishwashers, tiled bathrooms with tubs, ceiling fans, natural light, and substantial closet storage. A shared laundry facility and nine off-street parking spaces serve the property.
The building is one block north of the Denver Botanic Gardens, near the intersection of Congress Park and Cheesman Park. City Park, Cherry Creek, and Downtown Denver are also nearby, along with restaurants, cafés, grocery stores, fitness studios, and public transportation. Walk Score is 80, Bike Score is 82, and Transit Score is 42.
The building is one block north of the Denver Botanic Gardens, near the intersection of Congress Park and Cheesman Park. City Park, Cherry Creek, and Downtown Denver are also nearby, along with restaurants, cafés, grocery stores, fitness studios, and public transportation. Walk Score is 80, Bike Score is 82, and Transit Score is 42.
Key Highlights
- 12‑unit apartment building with four one‑bedroom and eight two‑bedroom residences
- Approximately 9,450 square feet across three stories
- Eight two‑bedroom, two‑bath townhomes and four one‑bedroom, one‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$143,485
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,869,700
$2.9M
Cap Rate 7%
$2,049,786
$2.0M
Cap Rate 9%
$1,594,278
$1.6M
Market Conditions
NOI Build-Up for 9,450 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$277.8K $29.40/SF
− Vacancy
−$16.9K −$1.79/SF
EGI
$260.9K $27.61/SF
− OpEx
−$117.4K −$12.42/SF
NOI
$143.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,869,700
Cap Rate 7%
$2,049,786
Cap Rate 9%
$1,594,278
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,485 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,579 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,016
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 - Three-story multifamily property with varied residences, shared laundry, and nine off-street parking spaces.
Where is this apartment building located?
The property is located at 1152 N York Street Denver, CO.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 12‑unit apartment building with four one‑bedroom and eight two‑bedroom residences; Approximately 9,450 square feet across three stories; Eight two‑bedroom, two‑bath townhomes and four one‑bedroom, one‑bath apartments
