Five-Unit Victorian Apartment
For Sale
$995,000
1147 N Marion Street, Denver, CO 80218
Historic multifamily property with off-street parking and an income-producing garage in Denver’s Cheesman Park neighborhood.
Property Size4,687 SF
Price / SF$212.29
Days on Market16
Property Features for 1147 N Marion Street
General Information
Standard status
Active
Size
4,687 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$995,000
Multifamily Units
5
Amenities
off-street parking
garage storage
Building Details
Year Built
1902
Construction
Victorian
Listing Agency:
Northpeak Commercial Advisors, LLC
Listed By:
Jefferson Real Estate
(719) 836-2615
Source:
Jeffreal
Added: Sep 22
Changed: Oct 6
Last Checked: Oct 5 at 7:05PM
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.
This five-unit apartment property at 1147 N Marion Street combines an 1902 construction date with Victorian architectural character. The building has an established tenant base, off-street parking, and a garage that contributes additional rental income.
Located in Denver’s Cheesman Park neighborhood, the property offers an existing multifamily configuration with potential for select units to be leased at current market rates as tenant transitions occur. The garage provides a separate income component alongside the apartment units.
Located in Denver’s Cheesman Park neighborhood, the property offers an existing multifamily configuration with potential for select units to be leased at current market rates as tenant transitions occur. The garage provides a separate income component alongside the apartment units.
Key Highlights
- Five‑unit multifamily property built in 1902
- Victorian architectural character
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,166
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,423,320
$1.4M
Cap Rate 7%
$1,016,657
$1.0M
Cap Rate 9%
$790,733
$790.7K
Market Conditions
NOI Build-Up for 4,687 SF
Gross rent
$137.8K $29.40/SF
− Vacancy
−$8.4K −$1.79/SF
EGI
$129.4K $27.61/SF
− OpEx
−$58.2K −$12.42/SF
NOI
$71.2K $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%
$1,423,320
Cap Rate 7%
$1,016,657
Cap Rate 9%
$790,733
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$889.6K – $1.19M
NOI $71,166 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,443 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,833
Businesses Nearby
Explore this area
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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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 - Historic multifamily property with off-street parking and an income-producing garage in Denver’s Cheesman Park neighborhood.
Where is this apartment building located?
The property is located at 1147 N Marion Street Denver, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Five‑unit multifamily property built in 1902; Victorian architectural character; Off‑street parking included
