Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1406 Clayton St Denver, CO 80206

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,125,000

    Five-unit property in premium location with stable income and upside.

    Property size:
    3,598 SF
    Lot size:
    0.10 Acres

    Property Features for 1406 Clayton St

    General Information

    Standard status
    Active
    Size
    3,598 SF
    Lot size
    0.10 Acres

    Building Details

    Year built
    1897

    We can help!

    Listing Contact
    Jeff Hahl
    Source: Corcoran

    Listing Agency: WEST PEAK PROPERTIES Listing Agent: Jeff Hahl

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Congress Park Multifamily Investment Property

    This fully leased, five-unit property, updated in 1897, is located in Congress Park. The building retains original hardwood floors, moldings, fireplaces, stained glass, and woodwork, complemented by updated kitchens and bathrooms with newer finishes. The unit mix includes spacious one-bedroom and two-bedroom layouts, a studio, and a top-floor attic apartment, each featuring character, tall ceilings, and natural light. The property, once a social destination, now functions as an investment. Heat is provided by a central boiler, utilities are master-metered, and on-site laundry is currently free. A two-car garage offers additional revenue potential. Situated between City Park, Cheesman Park, and the Botanic Gardens, and minutes from Downtown Denver, this investment property offers strong demand, low vacancy risk, and potential to elevate rents and value through updates. The property size is 3598 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.9548873
    Latitude
    39.7385568

    Nearby Similar for Sale

    • $350,000
      0.02 Acres

      Versatile Warehouse/Storage Unit in Denver

      Spacious warehouse/storage unit with flex space and mezzanine.
      560 Ames St, Denver, CO 80226
      View Details
    • $950,000
      3,420 SF

      Classic Dutch Colonial Office Building

      Updated Dutch Colonial mansion-turned-office in downtown Denver.
      1718 N Gaylord St, Denver, CO 80206
      View Details
    • $699,000
      1,906 SF

      Turn-Key Tattoo Shop For Sale

      Operating tattoo shop with flexible zoning and redevelopment potential.
      4241 Jason St, Denver, CO 80211
      View Details
    • $995,000

      Denver Office or Live/Work Space

      Office or live/work property in the Platt Park neighborhood.
      1868 S Pearl St, Denver, CO 80210
      View Details
    • $975,000

      Versatile Denver Mixed-Use Property

      Adaptable space near Downtown Denver, ideal for various business ventures.
      745 Federal Blvd, Denver, CO 80204
      View Details
    • $435,000

      Affordable Flex Space in Denver

      Flex space with retail, office, and warehouse areas for sale.
      851 E Highway 224, Denver, CO 80229
      View Details
    • $1,449,000

      Colorado Blvd Retail Building For Sale

      Prime location with high visibility and upgraded utilities.
      333 S Colorado Blvd, Denver, CO 80246
      View Details
    • $1,495,000

      Denver Office Building For Sale

      10,157 SF office building in Denver's Uptown neighborhood.
      1544 N Pearl St, Denver, CO 80203
      View Details
    • $1,190,000

      Lo-Hi Salon Opportunity

      Multi-generation salon in Denver's vibrant Lo-Hi neighborhood.
      2845 Wyandot St, Denver, CO 80211
      View Details
    • $2,300,000

      Capitol Hill Historic Office Mansion

      Historic office mansion in Capitol Hill, originally built in 1893.
      1515 Race St, Denver, CO 80206
      View Details
    • $1,135,000

      Historic Denver Office Condo

      Unique office condo in the heart of Denver.
      730 17Th St, Denver, CO 80202
      View Details
    • $1,950,000

      Denver Restaurant Opportunity on Broadway

      Stand-alone restaurant near downtown, RiNo, and LoDo with high visibility.
      2150 N Broadway, Denver, CO 80205
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit property in premium location with stable income and upside.
    Where is this apartment building located?
    The property is located at 1406 Clayton St Denver, CO.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Fully leased five-unit property provides stable income.; - Premium Congress Park location near City Park, Cheesman Park, Botanic Gardens, and Downtown Denver.; - Updated kitchens and bathrooms offer modern amenities while preserving original features.
    (720) 495-2412
    Request Owner's contact information
    1406 Clayton St Denver, CO 80206
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1406 Clayton St
    Denver, CO 80206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1406 Clayton St Denver, CO 80206
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Hahl
    (720) 495-2412 (303) 718-4969
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!