1361 Humboldt St Denver, CO 80218

Located in Denver's Cheesman Park neighborhood, 1361 Humboldt Street is a nine-unit multifamily property. Constructed in 1928, the all-brick building is situated on a 4,690-SF lot. The property comprises eight one-bedroom units and one two-bedroom unit, all of which have been upgraded over the past 10 years. The building features a pitched roof estimated to be 15 years old, along with updated systems and mechanicals. The main boiler, which provides heat, was replaced in 2024, while the plumbing and electrical systems were updated in 2007. The property is individually metered for electricity, which is paid directly by the residents. Gas and water are master metered, with the owner covering the costs, which are not currently reimbursed by the residents. An on-site laundry facility is available to residents at no charge. The property requires minimal landscaping and relies on street parking, eliminating the need for parking lot maintenance. This property presents a value-add opportunity for investors to increase rents to market rates and generate additional income by charging for utilities, pets, and laundry services. The 80-acre Cheesman Park, with its open spaces, the Denver Botanical Gardens, and various events, is within walking distance. The surrounding area features a dense residential population, along with restaurants and bars.