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Denver Multifamily Investment Opportunity

1200 E 24th Ave, Denver, CO 80205

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For Sale

$1,500,000

Two parcels, six units, excellent location near downtown Denver.

Type:Commercial

HighLights

Two separate legal parcels allow for two conventional loans and insurance policies.
Offered at over a 5.8% cap rate on actual numbers; a turnkey asset.
Potential to build additional units through an ADU on the large lot.
2 to 1 parking ratio.
Each unit has its own washer/dryer, hot water heater, and HVAC system.
Ideally located close to downtown, Rino, RTD, parks, shopping, and restaurants; bike score of 98, walk score of 95, and transit score of 77.

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Listing Contact

Matt Stephens

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For Sale

$1,500,000

Two parcels, six units, excellent location near downtown Denver.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 3:45 pm

Property Features for 1200 E 24th Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1945

We can help!

Listing Contact

Matt Stephens

Listing agent Matt Stephens License #40023600

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Matt Stephens

HighLights

Two separate legal parcels allow for two conventional loans and insurance policies.
Offered at over a 5.8% cap rate on actual numbers; a turnkey asset.
Potential to build additional units through an ADU on the large lot.
2 to 1 parking ratio.
Each unit has its own washer/dryer, hot water heater, and HVAC system.
Ideally located close to downtown, Rino, RTD, parks, shopping, and restaurants; bike score of 98, walk score of 95, and transit score of 77.

Overview

This listing presents a unique investment opportunity, encompassing two separate legal parcels: 2344/2346 Downing Street and 1200-1206 E 24th Ave. The separate parcels allow for conventional or FHA loans and insurance policies, potentially offering better rates and terms than commercial products. The properties could be sold separately, or each unit could be sold individually through a party wall split. Currently, the properties function as a turnkey asset with a cap rate of over 5.8% based on actual numbers. The units feature 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 their own electric and gas. The location is near downtown, Rino, RTD, parks, shopping, and restaurants. The bike score is 98, indicating a biker's paradise; the walk score is 95, indicating a walker's paradise; and the transit score is 77, indicating excellent transit.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

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Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -104.9730369
Latitude: 39.7517701

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For sale
Duplexes
CO
Denver
80205
1200 E 24th Ave

What type of property is this?

Duplex - Two parcels, six units, excellent location near downtown Denver.

Where is this duplex located?

The property is located at 1200 E 24th Ave 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; a turnkey asset.; Potential to build additional units through an ADU on the large lot.