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Denver Square Multifamily Investment Opportunity

1580 VINE Street, Denver, CO 80206

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For Sale

$950,000

Classic Denver Square in West City Park with income potential.

Type:Commercial

Property size:

4,840 SF

Lot size:

0.11 Acres

Price / SF:

$196/SF

HighLights

Prime location in the highly desirable West City Park area.
Strong in‑place income from 5 occupied apartment units.
Significant upside potential through rent adjustments with month‑to‑month tenants.
Opportunity to increase rental income by renovating the vacant basement unit (Unit 6).
Zoned G‑RO‑3, potentially allowing for short‑term rental opportunities (buyer to verify).
Coin‑operated laundry provides additional income.

We can help!

Listing Contact

TED PETERSON

Learn more

For Sale

$950,000

Classic Denver Square in West City Park with income potential.

Type:Commercial

Property size:

4,840 SF

Lot size:

0.11 Acres

Price / SF:

$196/SF

Added:: Mar 15, 2026
Days on Market:: 86
Last Refresh:: Apr 20 at 8:27 pm

Property Features for 1580 VINE Street

General Information

Standard status: Active
Size: 4,840 SF
Lot size: 0.11 Acres
Property subtype: Commercial

Building Details

Year Built: 1896

We can help!

Listing Contact

TED PETERSON

Listing agent TED PETERSON

Listing office MB CARE REAL ESTATE

Listing date Mar 15, 2026

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

Prime location in the highly desirable West City Park area.
Strong in‑place income from 5 occupied apartment units.
Significant upside potential through rent adjustments with month‑to‑month tenants.
Opportunity to increase rental income by renovating the vacant basement unit (Unit 6).
Zoned G‑RO‑3, potentially allowing for short‑term rental opportunities (buyer to verify).
Coin‑operated laundry provides additional income.

Overview

This classic Denver Square is configured into 6 apartment units and located in the West City Park area. It offers in-place income with additional upside potential. Currently, 5 units are occupied, with 4 long-term tenants on month-to-month leases, providing flexibility for rent adjustments or repositioning. The basement unit (Unit 6) is vacant and ready for a full renovation, creating an opportunity to increase rental income. The property features a central boiler system installed in 2015 and coin-operated laundry located in the basement. All utilities are currently included in the rent. Zoned G-RO-3, the property may allow for short-term rental opportunities (buyer to verify zoning and permitting), adding further income potential. The property requires TLC and updates, but its location, unit count, and layout offer significant upside for increased cash flow and long-term appreciation. The property size is 4840 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $73,489 @ 7.0% cap · market cap 7.74%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,852 @ 7.0% cap · market cap 11.35%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Denver
County: Arapahoe
State: Colorado
Longitude: -104.9625444
Latitude: 39.6878095

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For sale
Apartment buildings
CO
Denver
80206
1580 VINE Street

What type of property is this?

Apartment building - Classic Denver Square in West City Park with income potential.

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 $950,000.

What are key features of this property?

This property features: Prime location in the highly desirable West City Park area.; Strong in‑place income from 5 occupied apartment units.; Significant upside potential through rent adjustments with month‑to‑month tenants.