Six-Unit Apartment
For Sale
Contact for pricing
127 N PEARL ST, Denver, CO 80203
Five one-bedroom units and one studio provide a compact multifamily configuration with tenant-paid electric and individual utility metering.
Property Size3,750 SF
Price / SF$320
Days on Market179
Property Features for 127 N PEARL ST
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Multifamily
Zoning
U-TU-B2
Investment Type
Value Add
Net Operating Income
$51,335
Units
Unit Mix
5 x 1BR, 1 x studio
Multifamily Units
6
Additional Details
Road Access
Yes
Building Details
Year Built
1922
Buildings
1
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Centennial Advisers
Listed By:
Justin White · License #CA 00875427
(714) 231-2537
Source:
Crexi
Added: Apr 23
Changed: Oct 16
Last Checked: Oct 16 at 9:23AM
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 Centennial Advisers
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Investment Insights
Based on property information with market context.
This apartment property contains 3,750 square feet arranged as six units: five one-bedroom residences and one studio. Constructed in 1922, the building is zoned U-TU-B2 and uses individual utility metering, with tenants responsible for electric service.
The property is located at 127 N Pearl St in Denver, approximately a block and a half from Speer Boulevard. Its Walk Score is 96 and Bike Score is 98, with access to pedestrian-oriented streets, nearby bike lanes, and Speer Boulevard connections toward Downtown Denver and Cherry Creek.
The unit mix combines predominantly one-bedroom layouts with a studio component, offering a defined small-scale apartment configuration in an urban setting.
The property is located at 127 N Pearl St in Denver, approximately a block and a half from Speer Boulevard. Its Walk Score is 96 and Bike Score is 98, with access to pedestrian-oriented streets, nearby bike lanes, and Speer Boulevard connections toward Downtown Denver and Cherry Creek.
The unit mix combines predominantly one-bedroom layouts with a studio component, offering a defined small-scale apartment configuration in an urban setting.
Key Highlights
- 3,750 SF apartment property with 6 total units
- Unit mix includes five 1‑bedroom units and one studio unit
- Individual utility metering with tenant‑paid electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,939
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,780
$1.1M
Cap Rate 7%
$813,414
$813.4K
Cap Rate 9%
$632,656
$632.7K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$110.3K $29.40/SF
− Vacancy
−$6.7K −$1.79/SF
EGI
$103.5K $27.61/SF
− OpEx
−$46.6K −$12.42/SF
NOI
$56.9K $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%
$1,138,780
Cap Rate 7%
$813,414
Cap Rate 9%
$632,656
Alternative Uses
Best Use
Apartment 5plus
$813.4K
$711.7K – $949.0K
NOI $56,939 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,563 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,874
Businesses Nearby
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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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five one-bedroom units and one studio provide a compact multifamily configuration with tenant-paid electric and individual utility metering.
Where is this apartment building located?
The property is located at 127 N PEARL ST Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,750 SF apartment property with 6 total units; Unit mix includes five 1‑bedroom units and one studio unit; Individual utility metering with tenant‑paid electric
