1537 N Pearl Street Denver, CO 80203
Well-maintained income property featuring on-site laundry, dedicated storage, and two income-producing garages.
Property Features for 1537 N Pearl Street
General Information
- Standard status
- Active
- Size
- 4,031 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing office NORTHPEAK Commercial Advisors
Listing date Jun 9, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Located at 1537 N Pearl Street on the edge of Denver’s Capitol Hill neighborhood, the property sits within walking distance of nearby destinations and is described as being just blocks from downtown. The public remarks also note proximity to the Colfax and Uptown corridors, placing the asset in a dense, rental-focused area.
For investors or owner-operators seeking a mixed approach to multifamily income, the combination of residential support amenities and two garage income streams may be particularly appealing. Off-street parking can be a practical advantage in a neighborhood where parking is described as at a premium, supporting tenant convenience. The property is positioned for long-term tenancy and day-to-day livability based on the provided description.
Key Highlights
- Year built 1900 income property in Denver’s Capitol Hill area
- On‑site laundry plus dedicated tenant storage space
- Off‑street parking available
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 | $118.5k | $29.40 |
| − Vacancy | −$7.2k | −$1.79 |
| EGI | $111.3k | $27.61 |
| − OpEx | −$50.1k | −$12.42 |
| NOI | $61.2k | $15.18 |
