94-Unit Multifamily
For Sale
Contact for pricing
1345 Yosemite Street, Denver, CO 80220
Four multifamily properties total 94 units and are 90% occupied, with units clustered within 1–2 miles.
Property Size31,392 SF
Price / SF$198.78
Days on Market91
Property Features for 1345 Yosemite Street
General Information
Standard status
Active
Size
31,392 SF
Property subtype
Multifamily
Occupancy
90%
Additional Details
Multifamily Units
48
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
MMG
(303) 990-4361
Listed By:
Kevin Woolsey · License #FA.100079114
Source:
Crexi
Added: May 26
Changed: Aug 21
Last Checked: Aug 23 at 4:58PM
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 MMG
Investment Insights
Based on property information with market context.
MMG Real Estate Advisors presents a four-property multifamily portfolio totaling 94 units. The portfolio includes 1474 Xenia Street (13 units), 1129 Akron Street (13 units), 1205 Yosemite Street (20 units), and 1345–1363 Yosemite Street (48 units). Properties may be purchased together or separately. Overall, the portfolio is approximately 90% occupied.
The properties are located within 1–2 miles of each other in Denver’s East Colfax and Lowry submarkets. The offering reflects a consistent workforce housing profile across the portfolio and includes recent capital improvements, supporting in-place income. The seller also notes meaningful value-add upside as part of the acquisition consideration.
For buyers seeking scale and submarket concentration, the portfolio structure combines multiple addresses and unit counts into one consolidated opportunity while maintaining geographic clustering across the four buildings.
The properties are located within 1–2 miles of each other in Denver’s East Colfax and Lowry submarkets. The offering reflects a consistent workforce housing profile across the portfolio and includes recent capital improvements, supporting in-place income. The seller also notes meaningful value-add upside as part of the acquisition consideration.
For buyers seeking scale and submarket concentration, the portfolio structure combines multiple addresses and unit counts into one consolidated opportunity while maintaining geographic clustering across the four buildings.
Key Highlights
- 94‑unit multifamily portfolio in East Denver across four properties: 1474 Xenia St, 1129 Akron St, 1205 Yosemite St, and 1345‑1363 Yosemite St
- Units are 90% occupied across the portfolio
- Property unit mix totals 13 units at 1474 Xenia St, 13 units at 1129 Akron St, 20 units at 1205 Yosemite St, and 48 units at 1345‑1363 Yosemite St
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
$476,645
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
7.64%
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%
$9,532,900
$9.5M
Cap Rate 7%
$6,809,214
$6.8M
Cap Rate 9%
$5,296,056
$5.3M
Market Conditions
NOI Build-Up for 31,392 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
$922.9K $29.40/SF
− Vacancy
−$56.3K −$1.79/SF
EGI
$866.6K $27.61/SF
− OpEx
−$390.0K −$12.42/SF
NOI
$476.6K $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%
$9,532,900
Cap Rate 7%
$6,809,214
Cap Rate 9%
$5,296,056
Alternative Uses
Best Use
Apartment 5plus
$6.81M
$5.96M – $7.94M
NOI $476,645 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.99M
$8.74M – $11.66M
NOI $699,524 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
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 - Four multifamily properties total 94 units and are 90% occupied, with units clustered within 1–2 miles.
Where is this apartment building located?
The property is located at 1345 Yosemite Street Denver, CO.
What is the asking price?
The asking price for this property is $6,240,000.
What are key features of this property?
This property features: 94‑unit multifamily portfolio in East Denver across four properties: 1474 Xenia St, 1129 Akron St, 1205 Yosemite St, and 1345‑1363 Yosemite St; Units are 90% occupied across the portfolio; Property unit mix totals 13 units at 1474 Xenia St, 13 units at 1129 Akron St, 20 units at 1205 Yosemite St, and 48 units at 1345‑1363 Yosemite St
