North Capitol Hill Multifamily
For Sale
Contact for pricing
Pending
1739 North Washington Street, Denver, CO 80203
Four-unit property with updated interiors and immediate rental upside.
Property Size2,489 SF
Days on Market108
Property Features for 1739 North Washington Street
General Information
Standard status
Pending
Size
2,489 SF
Class
C
Property subtype
Multifamily
Net Operating Income
$49,710
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Pinnacle Real Estate Advisors
(303) 962-9555
Listed By:
Jim Knowlton · License #CO FA100032419
Source:
Crexi
Added: May 14
Changed: Aug 25
Last Checked: Aug 26 at 1:31AM
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This four-unit multifamily property is located in the North Capitol Hill/Uptown area. The property offers an investment opportunity with potential for increased rental income. The units have been updated with modern kitchens, bathrooms, and flooring. Each unit includes a mini-split system, providing air conditioning. The building includes two sets of owner-owned washers and dryers. There is a one-car garage and one off-street parking space available, along with street parking. The property is located near bars, restaurants, and downtown amenities. It has a proven rental history with long-term tenants and strong demand.
Key Highlights
- Value‑add investment opportunity with below‑market rents.
- Updated units with modern kitchens, bathrooms, and flooring.
- In‑unit mini‑split systems providing air conditioning.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,364
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,280
$827.3K
Cap Rate 7%
$590,914
$590.9K
Cap Rate 9%
$459,600
$459.6K
Market Conditions
NOI Build-Up for 2,489 SF
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.
Gross rent
$62.7K $25.20/SF
− Vacancy
−$3.6K −$1.46/SF
EGI
$59.1K $23.74/SF
− OpEx
−$17.7K −$7.12/SF
NOI
$41.4K $16.62/SF
Area
Denver, CO
Vacancy
5.79%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,280
Cap Rate 7%
$590,914
Cap Rate 9%
$459,600
Alternative Uses
Best Use
Multifamily LT 5
$590.9K
$517.1K – $689.4K
NOI $41,364 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$539.9K
$472.4K – $629.9K
NOI $37,792 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$792.3K
$693.3K – $924.4K
NOI $55,464 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,619
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with updated interiors and immediate rental upside.
Where is this quadplex located?
The property is located at 1739 North Washington Street Denver, CO.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Value‑add investment opportunity with below‑market rents.; Updated units with modern kitchens, bathrooms, and flooring.; In‑unit mini‑split systems providing air conditioning.
