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Renovated 8-Unit Multifamily with Garages
For Sale
$2,600,000

1432 N Pennsylvania St, Denver, CO 80203

Eight renovated 2-bed/2-bath residences each include office nooks, in-unit washer/dryer, and five private garages.

Days on Market37

Property Features for 1432 N Pennsylvania St

General Information

Standard status Active
Class Trophy asset
Total Parking Spaces 5
Property subtype Commercial

Additional Details

Business Included Yes
Multifamily Units 8

Building Details

Year Built 1919
Year Renovated 2010
Tenancy Multi
Listing Agency: Pinnacle Real Estate Advisors
Listed By: Luke Salazar · License #FA100032419
Source: Elliman
Added: Jun 24 Changed: Jul 20 Last Checked: Jul 30 at 10:58AM

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.

The Glenellen is an 8-unit multifamily property with condo-style 2-bedroom/2-bathroom residences, each featuring a private office nook. The building presents a classic brick exterior with a gated courtyard, and it includes five private garage spaces for residents.

Built back from the studs in 2010, the property has newer plumbing and electrical. Interior upgrades include designer luxury vinyl plank flooring, updated kitchens and baths, stainless appliances, upgraded lighting, and in-unit washer/dryer.

Financing may be a key differentiator for qualified buyers, as the property features an assumable CBRE Freddie Mac SBL loan with a fixed 3.79% interest-only structure until May 2031. Additional opportunities noted in the offering include potential for condo conversion and/or ADU additions.

Key Highlights

  • Eight renovated condo‑style 2 bed/2 bath residences, each with private office nook
  • In‑unit washer/dryer in every unit
  • Updated kitchens and baths with stainless appliances, upgraded lighting, and designer luxury vinyl plank flooring

Property Analytics

Current Use

Glenellen Apartment Building Pennsylvania Apartments Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Daycare Center Mobile Phone Store Restaurant Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

11,269
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight renovated 2-bed/2-bath residences each include office nooks, in-unit washer/dryer, and five private garages.
Where is this apartment building located?
The property is located at 1432 N Pennsylvania St Denver, CO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Eight renovated condo‑style 2 bed/2 bath residences, each with private office nook; In‑unit washer/dryer in every unit; Updated kitchens and baths with stainless appliances, upgraded lighting, and designer luxury vinyl plank flooring
More about this property
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