Denver Multifamily Near Cheesman
For Sale
$1,100,000
1360 N Franklin Street, Denver, CO 80218
Charming, renovated six-unit property near Cheesman Park in Denver.
Property Size4,604 SF
Lot Size0.11 Acres
Price / SF$238.92
Days on Market325
Property Features for 1360 N Franklin Street
General Information
Standard status
Active
Size
4,604 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,758
Building Details
Building Size
4,604 SF
Year Built
1901
Listing Agency:
Kaufman Hagan
Listed By:
Teal Nipp Hagan · License #ER100049712
(720) 984-0419
Source:
Corken
Added: Nov 25, 2025
Changed: Oct 7
Last Checked: Oct 16 at 5:30PM
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 Kaufman Hagan
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Investment Insights
Based on property information with market context.
This six-unit multifamily property is located half a block from Cheesman Park in Denver. Constructed in 1901, the 4,604-square-foot building retains its original architectural character, complemented by renovated one-bedroom, one-bathroom units. Each unit includes private outdoor space in the form of a balcony or porch. The property includes a large backyard and four off-street parking spaces. The building features brick construction and a pitched roof. Heating is provided by a gas furnace, and air conditioning is window-mounted. The property is zoned U-RH-3A. Situated in a sought-after central Denver neighborhood, the location offers walkability to parks, retail, dining, and transit. The 4,687-square-foot lot is located in one of Denver’s desirable and historically rich neighborhoods. The property has individual gas and electric meters, with master water and sewer. The building has three stories.
Key Highlights
- Premier Denver location: Half a block from Cheesman Park, with exceptional walkability to parks, retail, dining, and transit.
- Six fully renovated 1BD/1BA units with modern finishes.
- Each unit includes private outdoor space (balcony or porch).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,905
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,100
$1.4M
Cap Rate 7%
$998,643
$998.6K
Cap Rate 9%
$776,722
$776.7K
Market Conditions
NOI Build-Up for 4,604 SF
Gross rent
$135.4K $29.40/SF
− Vacancy
−$8.3K −$1.79/SF
EGI
$127.1K $27.61/SF
− OpEx
−$57.2K −$12.42/SF
NOI
$69.9K $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%
$1,398,100
Cap Rate 7%
$998,643
Cap Rate 9%
$776,722
Alternative Uses
Best Use
Apartment 5plus
$998.6K
$873.8K – $1.17M
NOI $69,905 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,593 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,422
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Charming, renovated six-unit property near Cheesman Park in Denver.
Where is this apartment building located?
The property is located at 1360 N Franklin 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: Premier Denver location: Half a block from Cheesman Park, with exceptional walkability to parks, retail, dining, and transit.; Six fully renovated 1BD/1BA units with modern finishes.; Each unit includes private outdoor space (balcony or porch).
