Denver Apartment Building with
1445 Detroit Street, Denver, CO 80206
For Sale
$2,700,000
17-unit apartment building in Denver's Congress Park neighborhood.
Property Size10,044 SF
Price / SF$268.82
Days on Market530
Property Features for 1445 Detroit Street
General Information
Standard status
Size
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
NORTHPEAK COMMERCIAL ADVISORS, LLC
Listed By:
CONNER PIRETTI
Source:
Corcoran
Added: Jun 2, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1445 Detroit is a 17-unit apartment building located in Denver’s Congress Park neighborhood. This four-story property includes 16 covered parking spaces, a valuable amenity for the area. The building has been under the same ownership for over twenty years and presents a value-add opportunity through interior renovations. Similar renovated apartments in the neighborhood are achieving $1,650 per month. The building's systems are in good working order, featuring 70-amp electrical service with new GE breaker panels, an upgraded elevator, and a new roof installed last summer. The HVAC system has been upgraded with separate boilers for building heat and domestic hot water. The property size is 10,044 square feet.
Key Highlights
- Coveted Congress Park location in Denver.
- Value‑add opportunity through unit interior renovations to achieve $1,650/month rental income.
- Rare and valuable amenity: 16 covered parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,504
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,050,080
$3.1M
Cap Rate 7%
$2,178,629
$2.2M
Cap Rate 9%
$1,694,489
$1.7M
Market Conditions
NOI Build-Up for 10,044 SF
Gross rent
$295.3K $29.40/SF
− Vacancy
−$18.0K −$1.79/SF
EGI
$277.3K $27.61/SF
− OpEx
−$124.8K −$12.42/SF
NOI
$152.5K $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%
$3,050,080
Cap Rate 7%
$2,178,629
Cap Rate 9%
$1,694,489
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,504 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $223,816 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,583
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Denver, CO
Properties on Market for Apartment buildings in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 17-unit apartment building in Denver's Congress Park neighborhood.
Where is this apartment building located?
The property is located at 1445 Detroit Street Denver, CO.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Coveted Congress Park location in Denver.; Value‑add opportunity through unit interior renovations to achieve $1,650/month rental income.; Rare and valuable amenity: **16 covered parking spaces.**
