Charming Congress Park Apartment
For Sale
$1,100,000
1320 Saint Paul Street, Denver, CO 80206
Five-unit apartment building in Congress Park with recent renovations.
Property Size2,816 SF
Price / SF$390.63
Days on Market504
Property Features for 1320 Saint Paul Street
General Information
Standard status
Active
Size
2,816 SF
Taxes and HOA fees
Annual Taxes
$4,396
Building Details
Year Built
1924
Listing Agency:
NORTHPEAK COMMERCIAL ADVISORS, LLC
Listed By:
JACK SHERMAN · License #FA100085430
(720) 738-1944
Source:
Corcoran
Added: May 29, 2025
Changed: Mar 16
Last Checked: Oct 12 at 7:44PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,757
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,140
$855.1K
Cap Rate 7%
$610,814
$610.8K
Cap Rate 9%
$475,078
$475.1K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$82.8K $29.40/SF
− Vacancy
−$5.1K −$1.79/SF
EGI
$77.7K $27.61/SF
− OpEx
−$35.0K −$12.42/SF
NOI
$42.8K $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%
$855,140
Cap Rate 7%
$610,814
Cap Rate 9%
$475,078
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,916
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
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?
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.
