13-Unit Apartment
For Sale
Contact for pricing
2139-2151 Lafayette St, Denver, CO 80205
Built in 1930, this 13-unit multifamily property is located on Lafayette Street with walkable access to Uptown and Cheesman Park.
Property Size7,100 SF
Price / SF$274.65
Days on Market190
Property Features for 2139-2151 Lafayette St
General Information
Standard status
Active
Size
7,100 SF
Property subtype
Multifamily
Net Operating Income
$68,402
Additional Details
Multifamily Units
13
Building Details
Year Built
1930
Buildings
2
Stories
3
Units
13
Listing Agency:
MMG
Listed By:
Adam Riddle · License #CO 100024441
(303) 328-5208
Source:
Crexi
Added: Apr 17
Changed: Oct 21
Last Checked: Oct 20 at 6:55PM
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 MMG
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Investment Insights
Based on property information with market context.
This 13-unit multifamily apartment building at 2139–2151 Lafayette Street was built in 1930 and offers an opportunity for owner-managed operations at a manageable scale. The property is positioned on an established residential street and provides day-to-day convenience to nearby retail and outdoor destinations.
The building’s location places it within immediate walkable access of Uptown’s restaurant row, Cheesman Park, and the 17th Avenue corridor. It is being offered for sale as a 13-unit rental property in Denver’s Whittier neighborhood.
The building’s location places it within immediate walkable access of Uptown’s restaurant row, Cheesman Park, and the 17th Avenue corridor. It is being offered for sale as a 13-unit rental property in Denver’s Whittier neighborhood.
Key Highlights
- Built in 1930, this 13‑unit multifamily property is located at 2139–2151 Lafayette Street.
- 13‑unit size offers economies of scale while remaining manageable for owner‑friendly operations.
- Sits on an established residential street in Denver’s Whittier neighborhood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,804
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,156,080
$2.2M
Cap Rate 7%
$1,540,057
$1.5M
Cap Rate 9%
$1,197,822
$1.2M
Market Conditions
NOI Build-Up for 7,100 SF
Gross rent
$208.7K $29.40/SF
− Vacancy
−$12.7K −$1.79/SF
EGI
$196.0K $27.61/SF
− OpEx
−$88.2K −$12.42/SF
NOI
$107.8K $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%
$2,156,080
Cap Rate 7%
$1,540,057
Cap Rate 9%
$1,197,822
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $107,804 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,213 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
6,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 80205, CO
34,967
Population
19,040
Households
1.8
Avg Household Size
34
Median Age
61%
College-Educated
94%
High-School Grad
4.6 sq mi
ZIP Area
7,602
Density / Sq Mi
$98,770
Median Household Income
$69,760
Median Earnings
$1,816
Median Rent
$627,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1930, this 13-unit multifamily property is located on Lafayette Street with walkable access to Uptown and Cheesman Park.
Where is this apartment building located?
The property is located at 2139-2151 Lafayette St Denver, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Built in 1930, this 13‑unit multifamily property is located at 2139–2151 Lafayette Street.; 13‑unit size offers economies of scale while remaining manageable for owner‑friendly operations.; Sits on an established residential street in Denver’s Whittier neighborhood.
