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35-Unit Renovated Apartment Building

137 S Pennsylvania St., Denver, CO 80209

For Sale
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Three-story housing with one- and two-bedroom layouts, individual temperature controls, and off-street parking.

Property SizeContact for details
Days on Market31

Property Features for 137 S Pennsylvania St.

General Information

Standard status Active
Total Parking Spaces 26
Property subtype Multifamily

Site & Location

Neighborhood Speer

Units

Unit Mix 24 x one-bedroom, 11 x two-bedroom
Multifamily Units 35

Amenities

landscaped courtyard

Building Details

Year Renovated 2018
Buildings 1
Stories 3
Listing Agency: NORTHPEAK Commercial Advisors
Listed By: Greg Johnson · License CO #040034460
Source: Crexi
Added: Oct 15 Changed: Nov 8 Last Checked: Nov 12 at 8:09AM

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

Rey
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Investment Insights

Based on property information with market context.

This three-story apartment property contains 35 homes: 24 one-bedroom units and 11 two-bedroom units. Apartments include stainless steel appliances, plank flooring, vinyl windows, air conditioning, microwaves, and dishwashers. Digital thermostats let residents adjust their own heat, supplied by a natural gas boiler and hot water baseboard registers. Both the heating and domestic hot water boilers were replaced in 2018, when electrical service to each apartment was upgraded to 100-amp panels.

Building improvements completed over the past decade include a new EPDM roof, replacement windows, a resurfaced parking lot, and new stairs and railings around a landscaped courtyard. The property has 26 off-street parking spaces.

The building is in Denver’s West Washington Park neighborhood, a few blocks west of Wash Park and five minutes south of downtown. Cherry Creek, South Broadway, and Wash Park offer nearby shopping, dining, and entertainment options.

Key Highlights

  • 35 apartments: 24 one‑bedroom units and 11 two‑bedroom units
  • Three‑story building with 26 off‑street parking spaces
  • Heating and domestic hot water boilers replaced in 2018

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

35
Residential units

Location Intelligence

Trade Area within ½ mile

3,874
Businesses Nearby

Demographics for 80209, CO

27,061
Population
16,045
Households
1.7
Avg Household Size
38
Median Age
80%
College-Educated
99%
High-School Grad
3.5 sq mi
ZIP Area
7,732
Density / Sq Mi
$118,759
Median Household Income
$81,604
Median Earnings
$1,981
Median Rent
$971,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Denver, CO

$265 Jul
$291 Aug
$347 Sep
$340 Oct

Properties on Market for Apartment buildings in Denver

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three-story housing with one- and two-bedroom layouts, individual temperature controls, and off-street parking.
Where is this apartment building located?
The property is located at 137 S Pennsylvania St. Denver, CO.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 35 apartments: 24 one‑bedroom units and 11 two‑bedroom units; Three‑story building with 26 off‑street parking spaces; Heating and domestic hot water boilers replaced in 2018
(720) 738-1671 · Office Call to check price and availability
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