Six-Unit Apartment
1551-1559 Filbert Ct, Denver, CO 80220
For Sale
$2,560,000
Two-story multifamily property with varied unit layouts, garages, storage units, and laundry facilities.
Property Size7,396 SF
Days on Market56
Property Features for 1551-1559 Filbert Ct
General Information
Standard status
Size
Net Rentable
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
garages
storage units
on-site laundry
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
UNIQUE PROPERTIES LLC
Listed By:
Justin N. Herman · License CO FA.100041438
(610) 836-2156
Source:
Uniqueprop
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 12 at 4:41AM
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 UNIQUE PROPERTIES LLC
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Investment Insights
Based on property information with market context.
This six-unit apartment building occupies a single two-story structure built in 1949 and contains 7,100 rentable square feet. The unit mix includes one one-bedroom apartment and five two-bedroom apartments, with large layouts complemented by garages and storage units.
Building improvements include replacement of the roof, HVAC, electrical system, sewer line, and other major components. Laundry is provided in five units, while the sixth unit has access to onsite laundry. The property is located in Denver’s Park Hill neighborhood.
Building improvements include replacement of the roof, HVAC, electrical system, sewer line, and other major components. Laundry is provided in five units, while the sixth unit has access to onsite laundry. The property is located in Denver’s Park Hill neighborhood.
Key Highlights
- Six‑unit apartment building with 7,100 rentable square feet
- Unit mix includes 1 one‑bedroom and 5 two‑bedroom apartments
- Single two‑story building constructed in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,298
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,960
$2.2M
Cap Rate 7%
$1,604,257
$1.6M
Cap Rate 9%
$1,247,756
$1.2M
Market Conditions
NOI Build-Up for 7,396 SF
Gross rent
$217.4K $29.40/SF
− Vacancy
−$13.3K −$1.79/SF
EGI
$204.2K $27.61/SF
− OpEx
−$91.9K −$12.42/SF
NOI
$112.3K $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%
$2,245,960
Cap Rate 7%
$1,604,257
Cap Rate 9%
$1,247,756
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,298 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,809 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
Market
Average Price Trend$/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 - Two-story multifamily property with varied unit layouts, garages, storage units, and laundry facilities.
Where is this apartment building located?
The property is located at 1551-1559 Filbert Ct Denver, CO.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: Six‑unit apartment building with 7,100 rentable square feet; Unit mix includes 1 one‑bedroom and 5 two‑bedroom apartments; Single two‑story building constructed in 1949
