5-Unit Apartment
New
For Sale
$975,000
1235 N Pennsylvania St, Denver, CO 80203
A separate art studio sits alongside the five residential units and is excluded from the unit count.
Property Size4,520 SF
Price / SF$215.71
Days on Market2
Property Features for 1235 N Pennsylvania St
General Information
Standard status
Active
Size
4,520 SF
Property subtype
Multifamily
Net Operating Income
$64,557
Financials
Asking Price
$975,000
Cap Rate
6.62%
Gross Income
$91,619
Units
Unit Mix
4 x 1BR/1BA, 1 x studio
Multifamily Units
5
Building Details
Building Size
4,520 SF
Year Built
1904
Listing Agency:
PINNACLE REAL ESTATE ADVISORS
Listed By:
Andy Monette · License #100068216
(714) 330-1436
Source:
Pinnaclerea
Added: Oct 19
Last Checked: Oct 19 at 2:21PM
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 PINNACLE REAL ESTATE ADVISORS
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Investment Insights
Based on property information with market context.
The 4,520-square-foot multifamily property contains five apartments: four one-bedroom, one-bathroom units and one studio. A separate art studio is also on the property but is not included in the residential unit count. The building dates to 1904.
Income sources include residential rents, RUBS, laundry, and miscellaneous revenue. The property is located at 1235 N Pennsylvania St in Denver, Colorado.
Income sources include residential rents, RUBS, laundry, and miscellaneous revenue. The property is located at 1235 N Pennsylvania St in Denver, Colorado.
Key Highlights
- Five residential units: four 1‑bedroom/1‑bathroom apartments and one studio
- Additional art studio excluded from the five‑unit count
- 4,520 SF multifamily property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,630
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,600
$1.4M
Cap Rate 7%
$980,429
$980.4K
Cap Rate 9%
$762,556
$762.6K
Market Conditions
NOI Build-Up for 4,520 SF
Gross rent
$132.9K $29.40/SF
− Vacancy
−$8.1K −$1.79/SF
EGI
$124.8K $27.61/SF
− OpEx
−$56.2K −$12.42/SF
NOI
$68.6K $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 Rate 5%
$1,372,600
Cap Rate 7%
$980,429
Cap Rate 9%
$762,556
Alternative Uses
Best Use
Apartment 5plus
$980.4K
$857.9K – $1.14M
NOI $68,630 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,722 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
9,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A separate art studio sits alongside the five residential units and is excluded from the unit count.
Where is this apartment building located?
The property is located at 1235 N Pennsylvania St Denver, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Five residential units: four 1‑bedroom/1‑bathroom apartments and one studio; Additional art studio excluded from the five‑unit count; 4,520 SF multifamily property
