Six-Unit Apartment
For Sale
$775,000
1725 N Race Street, Denver, CO 80206
Denver, CO
Property Size4,104 SF
Lot Size0.15 Acres
Price / SF$188.84
Days on Market32
Property Features for 1725 N Race Street
General Information
Property type
Commercial Sale
Property subtype
Single Family Attached
Standard status
Active
Lot size
0.15 Acres
Amenities
central air conditioning
on-site coin operated washer/dryer
storage lockers
Building Details
Year built
1906
Listing Agency:
Engel & Volkers Denver · Engel & Völkers
(720) 692-6563
Listed By:
Crystal Martinez
Added: Sep 19
Changed: Oct 10
Last Checked: Oct 20 at 7:06AM
MLS# 7873896
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains 4,104 SF on a 0.15-acre lot and was built in 1906. The building is 100% leased and professionally managed, with central air conditioning, coin-operated laundry equipment, and storage lockers. Recent improvements include the roof, water heater, electrical system, and forced air furnace. Three garages and two off-street parking spaces provide additional income potential. A large 3Bd/2Ba unit may be reconfigured into separate 2Bd/1Ba and 1Bd/1Ba apartments. The current CAP rate is 6.76%.
The property is located at 1725 N Race Street in Denver’s City Park West area, approximately 2 miles from downtown. City Park and St. Luke’s Presbyterian Hospital are each two blocks away. Within a 1-mile radius, the average household income is $104k.
The property is located at 1725 N Race Street in Denver’s City Park West area, approximately 2 miles from downtown. City Park and St. Luke’s Presbyterian Hospital are each two blocks away. Within a 1-mile radius, the average household income is $104k.
Key Highlights
- Six‑unit apartment building with 4,104 SF on a 0.15‑acre lot
- 100% leased and professionally managed
- Recent roof, water heater, electrical, and forced air furnace updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,314
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,280
$1.2M
Cap Rate 7%
$890,200
$890.2K
Cap Rate 9%
$692,378
$692.4K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$120.7K $29.40/SF
− Vacancy
−$7.4K −$1.79/SF
EGI
$113.3K $27.61/SF
− OpEx
−$51.0K −$12.42/SF
NOI
$62.3K $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%
$1,246,280
Cap Rate 7%
$890,200
Cap Rate 9%
$692,378
Alternative Uses
Best Use
Apartment 5plus
$890.2K
$778.9K – $1.04M
NOI $62,314 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,452 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased property with updated systems, garage parking, off-street spaces, central air, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 1725 N Race Street Denver, CO.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Six‑unit apartment building with 4,104 SF on a 0.15‑acre lot; 100% leased and professionally managed; Recent roof, water heater, electrical, and forced air furnace updates
