Capitol Hill Multifamily Investment
For Sale
$1,850,000
1260 N Logan St, Denver, CO 80203
Well-maintained 12-unit apartment community in the heart of Capitol Hill.
Property Size8,547 SF
Price / SF$216.45
Days on Market100
Property Features for 1260 N Logan St
General Information
Standard status
Active
Size
8,547 SF
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
Kentwood Real Estate
(303) 358-4250
Listed By:
Kyle Malnati · License #ER40042617
(303) 358-4250
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 10:35AM
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 Kentwood Real Estate
Investment Insights
Based on property information with market context.
Logan Flats is a well-maintained 12-unit apartment community located in Capitol Hill, one of Denver’s vibrant and walkable neighborhoods. The property consists of 11 one-bedroom units and 1 studio, totaling approximately 8,547 square feet. Most units were remodeled between 2009–2012, resulting in updated interiors. Large windows provide natural light, while ceiling fans and spacious closets enhance tenant comfort. The building features a brick and stone exterior. Residents have access to a shared on-site laundry facility with machines purchased in 2016, a private courtyard, and rear parking. Capitol Hill is known for its historic character, eclectic dining, coffee shops, nightlife, and proximity to downtown, attracting renters seeking urban convenience. Logan Flats presents an income-producing asset with an opportunity to optimize operations and enhance long-term value in one of Denver’s desirable rental submarkets. The location has a bike score of 99, a walk score of 93, and a transit score of 69.
Key Highlights
- Prime Capitol Hill Location: Situated in one of Denver's most desirable, vibrant, and walkable neighborhoods, offering strong renter appeal.
- Strong Income‑Producing Asset: Well‑maintained 12‑unit apartment community with a history of generating income.
- Updated Interiors: Most units remodeled between 2009‑2012, featuring bright, updated interiors.
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 | $251.3k | $29.40 |
| − Vacancy | −$15.3k | −$1.79 |
| EGI | $236.0k | $27.61 |
| − OpEx | −$106.2k | −$12.42 |
| NOI | $129.8k | $15.18 |
8,547 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,774 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,457 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,613
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
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 - Well-maintained 12-unit apartment community in the heart of Capitol Hill.
Where is this apartment building located?
The property is located at 1260 N Logan St Denver, CO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Prime Capitol Hill Location: Situated in one of Denver's most desirable, vibrant, and walkable neighborhoods, offering strong renter appeal.; Strong Income‑Producing Asset: Well‑maintained 12‑unit apartment community with a history of generating income.; Updated Interiors: Most units remodeled between 2009‑2012, featuring bright, updated interiors.
