1445 Detroit Street, Denver, CO 80206
17-unit apartment building in Denver's Congress Park neighborhood.
- Added:
- Jun 2, 2025
- Days on Market:
- 381
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 1445 Detroit Street
General Information
- Standard status
- Active
- Size
- 10,044 SF
Building Details
- Year Built
- 1968
Listing agent CONNER PIRETTI
Listing office NORTHPEAK COMMERCIAL ADVISORS, LLC
Listing date Jun 2, 2025
Source Corcoran
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
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.
- Upgraded HVAC system with separate boilers for building heat and domestic hot water.
- New roof installed last summer.
- Upgraded elevator.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $295.3k | $29.40 |
| − Vacancy | −$18.0k | −$1.79 |
| EGI | $277.3k | $27.61 |
| − OpEx | −$124.8k | −$12.42 |
| NOI | $152.5k | $15.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.954
- Latitude
- 39.7392
