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Denver Cheesman Park Apartment Building

1355 Vine Street, Denver, CO 80206

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For Sale

$1,275,000

Six-unit apartment building in Cheesman Park neighborhood with upside potential.

Property size:

4,338 SF

Price / SF:

$293/SF

HighLights

Prime investment opportunity in the highly desirable Cheesman Park neighborhood.
Meticulously maintained property by the same owner since 2003.
Attractive mix of four 1br/1ba units and two 1br/1ba units with a den.
Four garages and one storage unit offer potential to add additional income streams.
Recent upgrades including newer roofs and a new water heater.
Four out of six units feature a private, enclosed patio/balcony with additional storage.

We can help!

Contact an agent

JIM KNOWLTON

For Sale

$1,275,000

Six-unit apartment building in Cheesman Park neighborhood with upside potential.

Property size:

4,338 SF

Price / SF:

$293/SF

Added:: May 29, 2025
Days on Market:: 407
Last Refresh:: Mar 16 at 9:09 am

Property Features for 1355 Vine Street

General Information

Standard status: Active
Size: 4,338 SF

Building Details

Year Built: 1901

We can help!

Contact an agent

JIM KNOWLTON

Listing office PINNACLE REAL ESTATE ADVISORS

Listing date May 29, 2025

Source Corcoran

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

HighLights

Prime investment opportunity in the highly desirable Cheesman Park neighborhood.
Meticulously maintained property by the same owner since 2003.
Attractive mix of four 1br/1ba units and two 1br/1ba units with a den.
Four garages and one storage unit offer potential to add additional income streams.
Recent upgrades including newer roofs and a new water heater.
Four out of six units feature a private, enclosed patio/balcony with additional storage.

Overview

Located in Denver’s Cheesman Park neighborhood, the property at 1355-1365 Vine Street is a six-unit apartment building. The unit mix includes four 1-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units with a den. The 4,338 square foot property has been meticulously maintained by the current owner since 2003, with recent upgrades including newer roofs on both the apartments and the four garages, and a new water heater. The property also includes owner-owned washer and dryer. Four of the six units have a private, enclosed patio or balcony with additional storage. The property offers access to significant employment opportunities in Downtown Denver and the potential to add additional income from the four garages and one storage unit.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$127.5k	$29.40
− Vacancy	−$7.8k	−$1.79
EGI	$119.8k	$27.61
− OpEx	−$53.9k	−$12.42
NOI	$65.9k	$15.18

4,338 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$941.0K

$823.3K – $1.10M (±1% cap)

NOI $65,867 @ 7.0% cap · market cap 5.17%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,666 @ 7.0% cap · market cap 7.58%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -104.963
Latitude: 39.7379

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For sale
Apartment buildings
CO
Denver
80206
1355 Vine Street

What type of property is this?

Apartment building - Six-unit apartment building in Cheesman Park neighborhood with upside potential.

Where is this apartment building located?

The property is located at 1355 Vine Street Denver, CO.

What is the asking price?

The asking price for this property is $1,275,000.

What are key features of this property?

This property features: Prime investment opportunity in the highly desirable Cheesman Park neighborhood.; Meticulously maintained property by the same owner since 2003.; Attractive mix of four 1br/1ba units and two 1br/1ba units with a den.