Multifamily Apartment
For Sale
$3,680,000
1665 N Pearl St, Denver, CO 80203
For-sale multifamily apartment building in Denver, Colorado.
Property Size14,295 SF
Price / SF$257.43
Days on Market150
Property Features for 1665 N Pearl St
General Information
Standard status
Active
Size
14,295 SF
Building Details
Year Built
2018
Listing Agency:
CBRE, Inc.
Listed By:
Colton Reimer · License #100090094
(970) 270-3752
Source:
Pathhometeam
Added: May 27
Changed: Oct 5
Last Checked: Oct 7 at 2:12PM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building offers a residential income property configuration in Denver, Colorado.
The property is located at 1665 N Pearl Street in Denver, in Denver County. Additional details regarding unit mix, size, or on-site features were not provided.
The property is located at 1665 N Pearl Street in Denver, in Denver County. Additional details regarding unit mix, size, or on-site features were not provided.
Key Highlights
- Multifamily apartment building for sale in Denver, Colorado
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,050
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,341,000
$4.3M
Cap Rate 7%
$3,100,714
$3.1M
Cap Rate 9%
$2,411,667
$2.4M
Market Conditions
NOI Build-Up for 14,295 SF
Gross rent
$420.3K $29.40/SF
− Vacancy
−$25.6K −$1.79/SF
EGI
$394.6K $27.61/SF
− OpEx
−$177.6K −$12.42/SF
NOI
$217.0K $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%
$4,341,000
Cap Rate 7%
$3,100,714
Cap Rate 9%
$2,411,667
Alternative Uses
Best Use
Apartment 5plus
$3.10M
$2.71M – $3.62M
NOI $217,050 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,543 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
11,008
Businesses Nearby
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Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - For-sale multifamily apartment building in Denver, Colorado.
Where is this apartment building located?
The property is located at 1665 N Pearl St Denver, CO.
What is the asking price?
The asking price for this property is $3,680,000.
What are key features of this property?
This property features: Multifamily apartment building for sale in Denver, Colorado; Built in 2018
