Denver Multifamily Investment
For Sale
$1,300,000
1837 W Mosier Place, Denver, CO 80223
Eight-unit apartment building with courtyard and dedicated parking.
Property Size5,072 SF
Lot Size0.20 Acres
Price / SF$256.31
Days on Market1158
Property Features for 1837 W Mosier Place
General Information
Standard status
Active
Size
5,072 SF
Lot size
0.20 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1954
Listing Agency:
Century 21 Signature Realty North, Inc.
(720) 641-2755
Listed By:
Brent Crawford · License #100056369
(720) 641-2755
Source:
Exitrealty
Added: Jun 1, 2023
Changed: Jul 6
Last Checked: Aug 1 at 10:27AM
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 Century 21 Signature Realty North, Inc.
Investment Insights
Based on property information with market context.
This is an eight-unit apartment building, offering a long-term income opportunity. Some units feature recent updates. The street-level units are two-story layouts with two bedrooms and one bathroom each. The basement units consist of one bedroom and one bathroom. The property includes a large courtyard on the east side and a back courtyard on the west side. Eight dedicated parking spots are included with the building. The property size is 5,072 square feet.
Key Highlights
- Solid long term income 8 unit apartment building.
- 8 dedicated parking spots.
- Large courtyard on the east side and back courtyard on the west side.
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 | $149.1k | $29.40 |
| − Vacancy | −$9.1k | −$1.79 |
| EGI | $140.0k | $27.61 |
| − OpEx | −$63.0k | −$12.42 |
| NOI | $77.0k | $15.18 |
5,072 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$962.6K – $1.28M
NOI $77,011 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,022 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Explore this area
Business Placement
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
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 - Eight-unit apartment building with courtyard and dedicated parking.
Where is this apartment building located?
The property is located at 1837 W Mosier Place Denver, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Solid long term income 8 unit apartment building.; 8 dedicated parking spots.; Large courtyard on the east side and back courtyard on the west side.
