20-Unit Apartment
For Sale
$2,600,000
1205 Yosemite Street, Denver, CO 80220
Apartment property included in a four-building multifamily portfolio with concentrated East Denver holdings.
Property Size11,052 SF
Price / SF$235.25
Days on Market80
Property Features for 1205 Yosemite Street
General Information
Standard status
Active
Size
11,052 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
94
Taxes and HOA fees
Annual Taxes
$15,808
Building Details
Building Size
11,052 SF
Year Built
1969
Listing Agency:
MMGREA LLC
(303) 990-4361
Listed By:
Kevin Woolsey
Source:
Zencasarealty
Added: May 22
Changed: Aug 3
Last Checked: Aug 9 at 11:31AM
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 MMGREA LLC
Investment Insights
Based on property information with market context.
This apartment property at 1205 Yosemite Street is identified as a 20-unit building within a four-property multifamily portfolio. The asset contains 11,052 square feet and was built in 1969. The portfolio also includes properties on Xenia Street, Akron Street, and Yosemite Street, with 94 units combined.
The four holdings are situated within 1–2 miles of one another in Denver’s East Colfax and Lowry submarkets. Portfolio-level occupancy is reported at 100%, and the properties share a workforce housing profile. Recent capital improvements are noted across the portfolio, along with value-add potential. The grouping provides a concentrated multifamily platform with four properties operating within the same broader area.
The four holdings are situated within 1–2 miles of one another in Denver’s East Colfax and Lowry submarkets. Portfolio-level occupancy is reported at 100%, and the properties share a workforce housing profile. Recent capital improvements are noted across the portfolio, along with value-add potential. The grouping provides a concentrated multifamily platform with four properties operating within the same broader area.
Key Highlights
- 20‑unit apartment property at 1205 Yosemite Street
- 11,052 square feet of property size
- Built in 1969
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
$167,809
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
6.45%
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%
$3,356,180
$3.4M
Cap Rate 7%
$2,397,271
$2.4M
Cap Rate 9%
$1,864,544
$1.9M
Market Conditions
NOI Build-Up for 11,052 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
$324.9K $29.40/SF
− Vacancy
−$19.8K −$1.79/SF
EGI
$305.1K $27.61/SF
− OpEx
−$137.3K −$12.42/SF
NOI
$167.8K $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%
$3,356,180
Cap Rate 7%
$2,397,271
Cap Rate 9%
$1,864,544
Alternative Uses
Best Use
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $167,809 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,277 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
94
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
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 - Apartment property included in a four-building multifamily portfolio with concentrated East Denver holdings.
Where is this apartment building located?
The property is located at 1205 Yosemite Street Denver, CO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 20‑unit apartment property at 1205 Yosemite Street; 11,052 square feet of property size; Built in 1969
