Four-Unit Apartment
For Sale
$1,200,000
1154 N Corona Street, Denver, CO 80218
Recent roof and electrical updates complement a varied residential unit mix.
Property Size3,081 SF
Price / SF$389.48
Days on Market16
Property Features for 1154 N Corona Street
General Information
Standard status
Active
Size
3,081 SF
Property subtype
Residential Income
Zoning
G-MU-3
Site & Location
Neighborhood
Capitol Hill
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR, 1 x 1BR, 1 x studio
Multifamily Units
4
Parking per Unit
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,873
Building Details
Building Size
3,081 SF
Year Built
1906
Stories
3
Listing Agency:
Gateway Realty I-70 LLC
Listed By:
Mary Zimmerman · License #40038571
(303) 644-3344
Source:
Gatewayrealtyi-70
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 3:58AM
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 Gateway Realty I-70 LLC
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Investment Insights
Based on property information with market context.
At 1154 N Corona Street, this 3,081-square-foot residential property contains four units: a three-bedroom, a two-bedroom, a one-bedroom, and a studio. The roof and electrical systems have received recent updates. The building dates to 1906 and is zoned G-MU-3. Parking is provided at a 1:1 ratio, and two tenants have long-term occupancy.
The property is within walking distance of Cheesman Park, with Cherry Creek, restaurants, retail, entertainment, public transportation, and major employment centers also identified in the surrounding area.
The property is within walking distance of Cheesman Park, with Cherry Creek, restaurants, retail, entertainment, public transportation, and major employment centers also identified in the surrounding area.
Key Highlights
- Four units: one 3‑bedroom, one 2‑bedroom, one 1‑bedroom, and one studio
- 3,081 square feet; built in 1906
- Parking at a 1:1 ratio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,202
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,040
$1.0M
Cap Rate 7%
$731,457
$731.5K
Cap Rate 9%
$568,911
$568.9K
Market Conditions
NOI Build-Up for 3,081 SF
Gross rent
$77.6K $25.20/SF
− Vacancy
−$4.5K −$1.46/SF
EGI
$73.1K $23.74/SF
− OpEx
−$21.9K −$7.12/SF
NOI
$51.2K $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%
$1,024,040
Cap Rate 7%
$731,457
Cap Rate 9%
$568,911
Alternative Uses
Best Use
Multifamily LT 5
$731.5K
$640.0K – $853.4K
NOI $51,202 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$668.3K
$584.8K – $779.7K
NOI $46,781 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$980.8K
$858.2K – $1.14M
NOI $68,656 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,072
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Recent roof and electrical updates complement a varied residential unit mix.
Where is this quadplex located?
The property is located at 1154 N Corona Street 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: Four units: one 3‑bedroom, one 2‑bedroom, one 1‑bedroom, and one studio; 3,081 square feet; built in 1906; Parking at a 1:1 ratio
