10-Unit Multifamily
1458 N Gaylord Street Denver, CO 80206
For Sale
Contact for pricing
10-unit mix of 1- and 2-bedroom apartments with recent building upgrades and on-site garages.
Property Size7,703 SF
Price / SF$246.01
Days on Market52
Property Features for 1458 N Gaylord Street
General Information
- Standard status
- Active
- Size
- 7,703 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1894
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Hunter Schaefer · License #FA100086469
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 2:39PM
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
Investment Insights
Based on property information with market context.
1458 N Gaylord St. is a 10-unit multifamily property offering a mix of 1- and 2-bedroom apartments. The units are described as having high ceilings and some uniquely attractive floorplans. The property has undergone extensive recent improvements, including a new roof, exterior paint, upgraded electrical, and interior renovations.
The building is positioned in a core, walkable setting with a stated Walk Score of 93. Tenants are reported to be within walking distance of City Park, Cheesman Park, and St. Joe's Hospital.
This property is well suited for an investor seeking a stabilized multifamily asset with demonstrated recent capital improvements. In addition, the listing notes a value-add opportunity tied to the six garages on site, which may support improved income potential for the right operator. The combination of refreshed building systems and apartment variety can help support consistent leasing demand for tenants who prefer an in-city lifestyle close to employment and amenities.
The building is positioned in a core, walkable setting with a stated Walk Score of 93. Tenants are reported to be within walking distance of City Park, Cheesman Park, and St. Joe's Hospital.
This property is well suited for an investor seeking a stabilized multifamily asset with demonstrated recent capital improvements. In addition, the listing notes a value-add opportunity tied to the six garages on site, which may support improved income potential for the right operator. The combination of refreshed building systems and apartment variety can help support consistent leasing demand for tenants who prefer an in-city lifestyle close to employment and amenities.
Key Highlights
- 10‑unit multifamily property built in 1894 with a mix of 1- and 2‑bedroom units
- Recent improvements include a new roof, exterior paint, upgraded electrical, and interior renovations
- On‑site garages: 6 garages offer a potential income increase opportunity
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 | $226.5k | $29.40 |
| − Vacancy | −$13.8k | −$1.79 |
| EGI | $212.7k | $27.61 |
| − OpEx | −$95.7k | −$12.42 |
| NOI | $117.0k | $15.18 |
7,703 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,960 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,650 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 10-unit mix of 1- and 2-bedroom apartments with recent building upgrades and on-site garages.
Where is this apartment building located?
The property is located at 1458 N Gaylord Street Denver, CO.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 10‑unit multifamily property built in 1894 with a mix of 1- and 2‑bedroom units; Recent improvements include a new roof, exterior paint, upgraded electrical, and interior renovations; On‑site garages: 6 garages offer a potential income increase opportunity
