City Park West Redevelopment
For Sale
$1,200,000
1751 N Franklin Street, Denver, CO 80218
Charming Victorian on a large lot, ideal for redevelopment.
Property Size4,521 SF
Price / SF$265.43
Days on Market503
Property Features for 1751 N Franklin Street
General Information
Standard status
Active
Size
4,521 SF
Site & Location
Neighborhood
University
Taxes and HOA fees
Annual Taxes
$26,729
Building Details
Year Built
1922
Listing Agency:
UNIQUE PROPERTIES LLC
Listed By:
SAM LEGER · License #FA.040042452
(303) 941-8112
Source:
Corcoran
Added: Jun 11, 2025
Changed: Mar 16
Last Checked: Oct 24 at 3:02PM
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 LLC
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Investment Insights
Based on property information with market context.
This brick Victorian property, situated on a 9,148 square foot lot, presents a redevelopment or live/work opportunity in City Park West. Zoned G-RO-5, the property allows for by-right development of duplexes, townhomes, or small-scale multifamily residences. The existing structure, encompassing over 4,500 square feet, features 11 private offices, 3 bathrooms, a conference room, and a kitchen. The building could be converted into a single-family home, a creative co-living space, or continue its use as a live/work space. Additional features include a detached 3-car garage and surface parking. The location is one block from St. Joseph Hospital and near City Park, Downtown, and Colfax retail. With a Walk Score of 91, this infill location is suitable for builders or buyers seeking a long-term investment in Denver.
Key Highlights
- Large 9,148 SF lot zoned G‑RO‑5 allows for duplexes, townhomes, or small multifamily development.
- Existing 4,500+ SF Victorian building suitable for single‑family conversion, co‑living, or live/work use.
- Prime City Park West location, one block from St. Joseph Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,678
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,560
$1.3M
Cap Rate 7%
$909,686
$909.7K
Cap Rate 9%
$707,533
$707.5K
Market Conditions
NOI Build-Up for 4,521 SF
Gross rent
$108.5K $24.00/SF
− Vacancy
−$6.6K −$1.46/SF
EGI
$101.9K $22.54/SF
− OpEx
−$38.2K −$8.45/SF
NOI
$63.7K $14.09/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,560
Cap Rate 7%
$909,686
Cap Rate 9%
$707,533
Alternative Uses
Best Use
Mixed Use
$909.7K
$796.0K – $1.06M
NOI $63,678 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,744 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Live-work space - Charming Victorian on a large lot, ideal for redevelopment.
Where is this live-work space located?
The property is located at 1751 N Franklin Street Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Large 9,148 SF lot zoned G‑RO‑5 allows for duplexes, townhomes, or small multifamily development.; Existing 4,500+ SF Victorian building suitable for single‑family conversion, co‑living, or live/work use.; Prime City Park West location, one block from St. Joseph Hospital.
