Condo with Courtyard
5995 E Iliff Avenue 307, Denver, CO 80222
Condo featuring a courtyard view, clubhouse, and community amenities.
Type:Condo/Townhome
Property size:
732 SFPrice / SF:
$266/SF- Added:
- Mar 24, 2026
- Days on Market:
- 59
- Last Refresh:
- Apr 5 at 9:34 pm
Property Features for 5995 E Iliff Avenue 307
General Information
- Standard status
- Active
- Size
- 732 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1974
Listing agent Wade Renquist License #100039216
Listing office Home Gnome Realty (720) 213-3763
Listing date Mar 24, 2026
Source Exitrealty
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 Home Gnome Realty
HighLights
- Clubhouse featuring a pool table, foosball, fireplace, bar area, refrigerator, microwave, coffee pot, sink, and fitness center, plus a pool.
- Enjoy the covered and screened balcony accessible from the larger bedroom.
- Deeded carport and secure complex courtyard.
- Galley kitchen boasts white appliances, under cabinet lighting, wine glass rack, spice rack, and tiled flooring.
- Convenient proximity to the Highline Canal Trail for walking, biking, and running (1/4 mile).
- Modern bathroom with stylish bowl sink, granite countertop, and tiled flooring.
Overview
This residential income property features a large living room with carpeting and a view of the complex courtyard. A dining area with a ceiling fan also offers courtyard views. The galley kitchen includes white appliances, under-cabinet lighting, a wine glass rack, a spice rack wall cabinet, and tiled flooring. The bathroom has a modern bowl sink on a granite countertop, a vanity, and a separate toilet and shower/tub combo. A large closet with organizers is located across from the vanity area. Both bedrooms have carpeting, with the larger bedroom featuring closet organizers and access to a covered and screened-in balcony. The condo complex provides a clubhouse with a pool table, foosball table, fireplace, chairs, a bar area with a refrigerator, microwave, coffee pot, and sink, as well as a fitness center and a pool. Additional amenities include a community garden, basketball hoops, grass areas, and a laundry area. A storage area is available near the unit. The property is located approximately ¼ mile from the Highline Canal Trail and is close to shopping, entertainment, and dining. The property size is 732 square feet and has new paint.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$123.5K
NOI $11,114 @ 9.00% cap · cautious / downside scenario
Moderate
$158.8K
NOI $11,114 @ 7.00% cap · market / base-case scenario
Aggressive
$222.3K
NOI $11,114 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $29.40 |
| − Vacancy | −$1.3k | −$1.79 |
| EGI | $20.2k | $27.61 |
| − OpEx | −$9.1k | −$12.42 |
| NOI | $11.1k | $15.18 |
732 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$158.8K
$138.9K – $185.2K
NOI $11,114 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.0K
$203.9K – $271.9K
NOI $16,312 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.9199811
- Latitude
- 39.6757497
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income property - Condo featuring a courtyard view, clubhouse, and community amenities.
Where is this residential income property located?
The property is located at 5995 E Iliff Avenue 307 Denver, CO.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Clubhouse featuring a pool table, foosball, fireplace, bar area, refrigerator, microwave, coffee pot, sink, and fitness center, plus a pool.; Enjoy the covered and screened balcony accessible from the larger bedroom.; Deeded carport and secure complex courtyard.
