Mid-Century 5-Unit Apartment
For Sale
$1,300,000
1714 S Milwaukee St, Denver, CO 80210
Mid-century modern 5-unit building with updated units, private off-street covered parking, and a tenant community garden.
Property Size4,700 SF
Days on Market101
Property Features for 1714 S Milwaukee St
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,563
Building Details
Building Size
4,700 SF
Year Built
1955
Units
5
Listing Agency:
MODUS Real Estate
Listed By:
Nik MacCarter · License #100049047
(303) 909-2900
Source:
Elliman
Added: Jul 9
Changed: Oct 14
Last Checked: Oct 16 at 9:23AM
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 MODUS Real Estate
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Investment Insights
Based on property information with market context.
This mid-century modern 5-unit apartment building offers a tenant-friendly mix of oversized 2-bedroom units, one 3-bedroom/2-bath unit, and one 1-bedroom unit. The apartments have been updated, and many units include in-unit washer/dryer hookups and air conditioning. Gas and electric service are separately metered for each unit, and the building has updated electric panels and mechanical systems.
The property features front and rear entrances for each unit, supporting a more private layout. There is also a private community garden for tenants and off-street covered parking spaces.
Located in the Cory–Merrill neighborhood, the building is near Washington Park and Denver University, with access to Denver Tech Center and Downtown Denver by short drive.
The property features front and rear entrances for each unit, supporting a more private layout. There is also a private community garden for tenants and off-street covered parking spaces.
Located in the Cory–Merrill neighborhood, the building is near Washington Park and Denver University, with access to Denver Tech Center and Downtown Denver by short drive.
Key Highlights
- Mid‑century modern 5‑unit apartment building built in 1955 with a mix of oversized 2BR units, one 3BR/2BA, and one 1BR unit
- All units have been updated, with many units including in‑unit washer/dryer and air conditioning
- Separate utility metering: each unit separately metered for gas and electric; updated electric panels and mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,363
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,427,260
$1.4M
Cap Rate 7%
$1,019,471
$1.0M
Cap Rate 9%
$792,922
$792.9K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$138.2K $29.40/SF
− Vacancy
−$8.4K −$1.79/SF
EGI
$129.8K $27.61/SF
− OpEx
−$58.4K −$12.42/SF
NOI
$71.4K $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%
$1,427,260
Cap Rate 7%
$1,019,471
Cap Rate 9%
$792,922
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$892.0K – $1.19M
NOI $71,363 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,733 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,455
Businesses Nearby
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Business Placement
Demographics for 80210, CO
39,394
Population
18,496
Households
2.1
Avg Household Size
33
Median Age
76%
College-Educated
99%
High-School Grad
6.1 sq mi
ZIP Area
6,458
Density / Sq Mi
$120,156
Median Household Income
$61,607
Median Earnings
$1,963
Median Rent
$870,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Mid-century modern 5-unit building with updated units, private off-street covered parking, and a tenant community garden.
Where is this multifamily property located?
The property is located at 1714 S Milwaukee St Denver, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mid‑century modern 5‑unit apartment building built in 1955 with a mix of oversized 2BR units, one 3BR/2BA, and one 1BR unit; All units have been updated, with many units including in‑unit washer/dryer and air conditioning; Separate utility metering: each unit separately metered for gas and electric; updated electric panels and mechanical systems
