Denver Square Investment
1580 VINE Street, Denver, CO 80206
Six-unit apartment building in West City Park neighborhood.
Property size:
4,840 SFPrice / SF:
$216/SF- Added:
- May 29, 2025
- Days on Market:
- 368
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 1580 VINE Street
General Information
- Standard status
- Active
- Size
- 4,840 SF
Building Details
- Year Built
- 1896
Listing agent TED PETERSON
Listing office MB CARE REAL ESTATE (303) 779-7979
Listing date May 29, 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 MB CARE REAL ESTATE
HighLights
- Excellent investment opportunity in popular West City Park (Wymans) Neighborhood.
- Zoned G‑RO‑3, offering possibilities for short term rental income (subject to zoning permit review).
- Large Denver Square made into 6 apartments.
- Tenants will be on Month to Month leases by July 31, 2025.
- 2015 Gas boiler.
- Coin operated washer and dryer in the basement.
Overview
Located in the West City Park neighborhood, this Denver Square building is configured as a six-unit apartment complex. The basement unit is currently uninhabitable and requires remodeling. Four tenants are long term, with all tenants on month-to-month leases by July 31, 2025. A coin-operated washer and dryer are located in the basement. A gas boiler was installed in 2015. Zoned G-RO-3, the property offers possibilities for short-term rental income, subject to zoning permit review. All utilities are included in the rents. The property is an investment opportunity that needs TLC but has great possibilities. The building has a size of 4840 square feet.
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 | $142.3k | $29.40 |
| − Vacancy | −$8.7k | −$1.79 |
| EGI | $133.6k | $27.61 |
| − OpEx | −$60.1k | −$12.42 |
| NOI | $73.5k | $15.18 |
4,840 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$918.6K – $1.22M
NOI $73,489 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,852 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.963
- Latitude
- 39.6878
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit apartment building in West City Park neighborhood.
Where is this apartment building located?
The property is located at 1580 VINE Street Denver, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Excellent investment opportunity in popular West City Park (Wymans) Neighborhood.; Zoned G‑RO‑3, offering possibilities for short term rental income (subject to zoning permit review).; Large Denver Square made into 6 apartments.
