Renovated 4-Unit Apartment
New
For Sale
$1,300,000
1307 N Franklin St, Denver, CO 80218
Four residences feature two-bedroom plans, individual mechanical systems, and private outdoor areas.
Property Size3,949 SF
Price / SF$329.20
Days on Market7
Property Features for 1307 N Franklin St
General Information
Standard status
Active
Size
3,949 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
private outdoor spaces
balconies
Building Details
Year Built
1905
Buildings
1
Listing Agency:
NorthPeak Commercial Advisors, LLC
Listed By:
Conner Piretti conner@northpeakcre.com · License #100022346
(720) 738-1944
Source:
Denvercoloradohomesearch
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 7 at 12:48PM
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 NorthPeak Commercial Advisors, LLC
Investment Insights
Based on property information with market context.
This four-unit apartment property, built in 1905, has undergone a comprehensive renovation of its interiors, plumbing, and electrical systems. Each apartment has a two-bedroom layout, private outdoor space, an individual furnace, air conditioning, and a hot-water heater. The site also provides nine on-site parking spaces.
Cheesman Park is steps away, with walking and biking paths and nearby restaurants, coffee shops, and retail. The property combines residential layouts and updated building systems with access to parkland and neighborhood services.
Cheesman Park is steps away, with walking and biking paths and nearby restaurants, coffee shops, and retail. The property combines residential layouts and updated building systems with access to parkland and neighborhood services.
Key Highlights
- Four apartments, each with a two‑bedroom layout
- Nine on‑site parking spaces
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,627
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,540
$1.3M
Cap Rate 7%
$937,529
$937.5K
Cap Rate 9%
$729,189
$729.2K
Market Conditions
NOI Build-Up for 3,949 SF
Gross rent
$99.5K $25.20/SF
− Vacancy
−$5.8K −$1.46/SF
EGI
$93.8K $23.74/SF
− OpEx
−$28.1K −$7.12/SF
NOI
$65.6K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,540
Cap Rate 7%
$937,529
Cap Rate 9%
$729,189
Alternative Uses
Best Use
Multifamily LT 5
$937.5K
$820.3K – $1.09M
NOI $65,627 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$856.6K
$749.5K – $999.3K
NOI $59,960 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,998 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature two-bedroom plans, individual mechanical systems, and private outdoor areas.
Where is this quadplex located?
The property is located at 1307 N Franklin St Denver, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four apartments, each with a two‑bedroom layout; Nine on‑site parking spaces; Built in 1905
