Charming Congress Park Apartment
1320 Saint Paul Street Denver, CO 80206
1320 Saint Paul Street, Denver, CO, 80206
$1,100,000
For Sale
$1,100,000
Five-unit apartment building in Congress Park with recent renovations.
Property Size2,816 SF
Price / SF$390.63
Days on Market419
Property Features for 1320 Saint Paul Street
General Information
- Standard status
- Active
- Size
- 2,816 SF
Building Details
- Year Built
- 1924
Listing agency
NORTHPEAK COMMERCIAL ADVISORS, LLC
(720) 738-1944
Listed by
JACK SHERMAN · License #FA 100085430
Source
Corcoran
Added: May 29, 2025 Updated: Mar 16 at 9:09AM Checked: Apr 12 at 7:51PM
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.
Located in the Congress Park neighborhood, 1320 Saint Paul St. is a 5-unit apartment building. The property has a walk score of 84, providing convenient access to shopping, dining, the Botanical Gardens, and transportation. The unit mix includes two studios and three 1-bed/1-bath apartments. The third-floor and basement units have been remodeled, with light touch-ups to the other three units. The property includes two income-producing garage spaces. Renovations include three mini-split A/Cs, new windows on the 2nd floor, updated electrical systems, an added egress window, skylight, and appliances. There is an on-site laundry room for tenants, and all utilities are billed back on top of the rent. The building size is 2816 square feet.
Key Highlights
- Prime location in the coveted Congress Park neighborhood with a high walk score of 84, offering easy access to amenities.
- Income‑producing property with a mix of (2) studios and (3) 1bed/1bath units.
- Recent extensive renovations including mini‑split A/C units, new windows, updated electrical systems, and added egress window.
Local 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 | $82.8k | $29.40 |
| − Vacancy | −$5.1k | −$1.79 |
| EGI | $77.7k | $27.61 |
| − OpEx | −$35.0k | −$12.42 |
| NOI | $42.8k | $15.18 |
2,816 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$610.8K
$534.5K – $712.6K
NOI $42,757 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.4K
$784.4K – $1.05M
NOI $62,750 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment building in Congress Park with recent renovations.
Where is this apartment building located?
The property is located at 1320 Saint Paul Street Denver, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location in the coveted Congress Park neighborhood with a high walk score of 84, offering easy access to amenities.; Income‑producing property with a mix of (2) studios and (3) 1bed/1bath units.; Recent extensive renovations including mini‑split A/C units, new windows, updated electrical systems, and added egress window.
