Redevelopment Lot Near Saint
1735-1737 Franklin Street Denver, Denver, CO 80218
Redevelopment opportunity near Saint Joseph Hospital and City Park.
Type:Multifamily
Property size:
4,115 SFPrice / SF:
$241/SF- Added:
- Sep 25, 2025
- Days on Market:
- 249
- Last Refresh:
- May 8 at 8:52 pm
Property Features for 1735-1737 Franklin Street Denver
General Information
- Standard status
- Active
- Size
- 4,115 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing agent Sam Leger License #FA100084828 (303) 941-8112
Listing office Unique Properties, Inc. (303) 941-8112
Listing date Sep 25, 2025
Source Tcnworldwide
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 Unique Properties, Inc.
HighLights
- Ideally situated redevelopment lot zoned G‑RO‑5 allowing for urban housing, duplexes, townhomes, or apartments.
- Duplex with updated kitchens.
- Each unit features 3 bedrooms and 3 bathrooms.
- Each unit includes a yard with a patio and a two‑car garage.
- Located 1 block from Saint Joseph Hospital campus and 7 blocks from City Park.
- 1,819 new multi‑family units currently planned and under construction in the neighborhood.
Overview
This property at 1735-1737 N. Franklin Street presents an opportunity for investors, developers, and owner-users. It is zoned G-RO-5, which allows for urban housing, duplexes, townhomes, and apartments. The building is a duplex featuring updated kitchens. Each unit includes 3 bedrooms, 3 bathrooms, a yard with a patio, a kitchen, a two-car garage, and a basement. The property is located one block from the Saint Joseph Hospital campus and seven blocks from City Park. There are 1,819 new multi-family units currently planned and under construction in the neighborhood. The property size is 4,115 square feet.
Local Financial Insights For Multifamily LT 5
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 | $103.7k | $25.20 |
| − Vacancy | −$6.0k | −$1.46 |
| EGI | $97.7k | $23.74 |
| − OpEx | −$29.3k | −$7.12 |
| NOI | $68.4k | $16.62 |
4,115 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$976.9K
$854.8K – $1.14M
NOI $68,386 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$892.6K
$781.0K – $1.04M
NOI $62,481 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,697 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.969
- Latitude
- 39.685
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Redevelopment opportunity near Saint Joseph Hospital and City Park.
Where is this duplex located?
The property is located at 1735-1737 Franklin Street Denver Denver, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Ideally situated redevelopment lot zoned G‑RO‑5 allowing for urban housing, duplexes, townhomes, or apartments.; Duplex with updated kitchens.; Each unit features 3 bedrooms and 3 bathrooms.
