Renovated 8-Unit Apartment
New
For Sale
$1,575,000
2071 S Milwaukee Street, Denver, CO 80210
Eight-unit multifamily building with laundry facilities, storage, and eight off-street parking spaces, with seven units recently renovated.
Days on Market4
Property Features for 2071 S Milwaukee Street
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Commercial
Additional Details
Multifamily Units
8
Amenities
laundry facilities
storage
Building Details
Building Size
4,160 SF
Year Built
1955
Listing Agency:
Kaufman Hagan
(650) 740-9570
Listed By:
Andrew Vollert · License #FA100097790
(650) 740-9570
Source:
Coloradopartners
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 12:23PM
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 Kaufman Hagan
Investment Insights
Based on property information with market context.
This meticulously maintained apartment building was built in 1955 and offers eight units. Recent renovations have been completed in seven of the units, including modernized kitchens, updated bathrooms, luxury flooring, and contemporary light fixtures. The property also includes on-site laundry facilities and storage to support everyday resident needs, along with eight off-street parking spaces.
The building is located in the University Park neighborhood on a quiet residential street. It sits across from Observatory Park and is described as about five blocks east of University Blvd.
From a tenant-readiness standpoint, the mix of classic mid-century exterior character with updated interior finishes is designed to keep the property competitive, supported by well-maintained mechanical systems.
The building is located in the University Park neighborhood on a quiet residential street. It sits across from Observatory Park and is described as about five blocks east of University Blvd.
From a tenant-readiness standpoint, the mix of classic mid-century exterior character with updated interior finishes is designed to keep the property competitive, supported by well-maintained mechanical systems.
Key Highlights
- 8‑unit multifamily building built in 1955
- Seven of the eight units have recently been renovated with modernized kitchens and updated bathrooms
- Laundry facilities and storage on‑site
Financial Insights For Apartment 5plus
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 | $122.3k | $29.40 |
| − Vacancy | −$7.5k | −$1.79 |
| EGI | $114.8k | $27.61 |
| − OpEx | −$51.7k | −$12.42 |
| NOI | $63.2k | $15.18 |
4,160 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$902.3K
$789.6K – $1.05M
NOI $63,164 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,699 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily building with laundry facilities, storage, and eight off-street parking spaces, with seven units recently renovated.
Where is this apartment building located?
The property is located at 2071 S Milwaukee Street Denver, CO.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 8‑unit multifamily building built in 1955; Seven of the eight units have recently been renovated with modernized kitchens and updated bathrooms; Laundry facilities and storage on‑site
