1200 E 24th Avenue, Denver, CO 80205

Building Details

Year Built

1945

Listing agent MATT MOON

Listing office SYNERGY ASSOCIATES INC m***@comcast.net Show Phone

Listing date Feb 3, 2026

Source Corcoran

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 SYNERGY ASSOCIATES INC

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Overview

This listing presents a unique opportunity, encompassing two separate legal parcels at 2344/2346 Downing Street and 1200-1206 E 24th Ave. The arrangement allows for obtaining two conventional loans and insurance policies, potentially offering better rates and terms than commercial products. The parcels could be sold separately, or each unit could be sold individually through a party wall split. The property, with a size of 3101 square feet, operates as a turnkey asset with a cap rate of over 5.8% based on actual numbers. It features a 2 to 1 parking ratio, washer/dryer in each unit, and separate hot water heaters and HVAC systems; five of the six units have central air. The large lot allows for the construction of additional units through an ADU. Long-term tenants are in place, and they are responsible for paying their own electric and gas. The property is ideally located close to downtown, Rino, RTD, parks, shopping, and restaurants.

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Denver

County

Arapahoe

State

Colorado

Longitude

-104.973

Latitude

39.7518

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FAQs

What type of property is this?

Apartment building - Two parcels near downtown Denver, ideal for investment or redevelopment.

Where is this apartment building located?

The property is located at 1200 E 24th Avenue Denver, CO.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Two separate legal parcels allow for two conventional loans and insurance policies.; Offered at over a **5.8% cap rate** on actual numbers.; **Turnkey asset** with 2 to 1 parking, washer/dryer in each unit, separate hot water heaters and HVAC systems.