Victorian Apartment
For Sale
$1,495,000
1270 Logan Street, Denver, CO 80203
Multi-building apartment property with studio, one-bedroom, and two-bedroom residences plus recent electrical, boiler, and landscaping work.
Property Size5,110 SF
Days on Market13
Property Features for 1270 Logan Street
General Information
Standard status
Active
Size
5,110 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
G-MU-5
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$7,547
Building Details
Building Size
5,110 SF
Year Built
1883
Buildings
2
Units
8
Construction
Victorian
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9543
Listed By:
Jim Knowlton · License #FA100032419
(303) 962-9543
Source:
Coloradopartners
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 29 at 8:41PM
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
Investment Insights
Based on property information with market context.
This Victorian-style apartment property comprises a primary building with six units and a separate up/down duplex. The unit mix includes studios, one-bedroom residences, and two-bedroom residences, offering varied apartment configurations within the property. Recent work includes electrical improvements, boiler upgrades, and landscaping enhancements. The property is zoned G-MU-5 and was built in 1883.
Located at 1270 Logan Street in Denver’s Capitol Hill area, the building is a few blocks from the State Capitol and near the retail section of 13th Avenue. Downtown Denver and Cheesman Park are both less than a mile away, placing the property within close reach of established civic, retail, and park destinations.
Located at 1270 Logan Street in Denver’s Capitol Hill area, the building is a few blocks from the State Capitol and near the retail section of 13th Avenue. Downtown Denver and Cheesman Park are both less than a mile away, placing the property within close reach of established civic, retail, and park destinations.
Key Highlights
- Six‑unit main building plus a separate up/down duplex
- Unit mix includes studios, one‑bedroom, and two‑bedroom residences
- Recent electrical, boiler, and landscaping improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,588
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,551,760
$1.6M
Cap Rate 7%
$1,108,400
$1.1M
Cap Rate 9%
$862,089
$862.1K
Market Conditions
NOI Build-Up for 5,110 SF
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.
Gross rent
$150.2K $29.40/SF
− Vacancy
−$9.2K −$1.79/SF
EGI
$141.1K $27.61/SF
− OpEx
−$63.5K −$12.42/SF
NOI
$77.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,551,760
Cap Rate 7%
$1,108,400
Cap Rate 9%
$862,089
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$969.9K – $1.29M
NOI $77,588 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,869 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
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
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 - Multi-building apartment property with studio, one-bedroom, and two-bedroom residences plus recent electrical, boiler, and landscaping work.
Where is this apartment building located?
The property is located at 1270 Logan Street Denver, CO.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Six‑unit main building plus a separate up/down duplex; Unit mix includes studios, one‑bedroom, and two‑bedroom residences; Recent electrical, boiler, and landscaping improvements
