Denver Multifamily Near Cheesman
1360 N Franklin Street Denver, CO 80218
1360 N Franklin Street, Denver, CO, 80218
$1,100,000
For Sale
$1,100,000
Charming, renovated six-unit property near Cheesman Park in Denver.
Property Size4,604 SF
Lot Size0.11 Acres
Price / SF$238.92
Days on Market238
Property Features for 1360 N Franklin Street
General Information
- Standard status
- Active
- Size
- 4,604 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1901
Listing agency
KAUFMAN HAGAN
(720) 984-0419
Listed by
TEAL NIPP HAGAN · License #100049712
Source
Corcoran
Added: Nov 25, 2025 Updated: Jul 6 at 10:02AM Checked: Jul 21 at 5:38AM
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 KAUFMAN HAGAN
Investment Insights
Based on property information with market context.
This six-unit multifamily property is located half a block from Cheesman Park in Denver. Constructed in 1901, the 4,604-square-foot building retains its original architectural character, complemented by renovated one-bedroom, one-bathroom units. Each unit includes private outdoor space in the form of a balcony or porch. The property includes a large backyard and four off-street parking spaces. The building features brick construction and a pitched roof. Heating is provided by a gas furnace, and air conditioning is window-mounted. The property is zoned U-RH-3A. Situated in a sought-after central Denver neighborhood, the location offers walkability to parks, retail, dining, and transit. The 4,687-square-foot lot is located in one of Denver’s desirable and historically rich neighborhoods. The property has individual gas and electric meters, with master water and sewer. The building has three stories.
Key Highlights
- Premier Denver location: Half a block from Cheesman Park, with exceptional walkability to parks, retail, dining, and transit.
- Six fully renovated 1BD/1BA units with modern finishes.
- Each unit includes private outdoor space (balcony or porch).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.4k | $29.40 |
| − Vacancy | −$8.3k | −$1.79 |
| EGI | $127.1k | $27.61 |
| − OpEx | −$57.2k | −$12.42 |
| NOI | $69.9k | $15.18 |
4,604 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$998.6K
$873.8K – $1.17M
NOI $69,905 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,593 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Charming, renovated six-unit property near Cheesman Park in Denver.
Where is this apartment building located?
The property is located at 1360 N Franklin Street Denver, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Premier Denver location: Half a block from Cheesman Park, with exceptional walkability to parks, retail, dining, and transit.; Six fully renovated 1BD/1BA units with modern finishes.; Each unit includes private outdoor space (balcony or porch).
