1200 E 24th Avenue Denver, CO 80205
Two parcels near downtown Denver, ideal for investment or redevelopment.
Type:Commercial
Property size:
3,101 SFLot size:
0.29 AcresPrice / SF:
$483/SF- Added:
- Feb 3, 2026
- Days on Market:
- 80
- Last Refresh:
- Apr 5 at 8:31 pm
Property Features for 1200 E 24th Avenue
General Information
- Standard status
- Active
- Size
- 3,101 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing agent MATT MOON
Listing office SYNERGY ASSOCIATES INC (303) 399-9930
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
Overview
Multifamily Investment Opportunity Near Downtown
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.973
- Latitude
- 39.7518
Nearby Similar for Sale
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.
