13-Unit Apartment
2139-2151 Lafayette St Denver, CO 80205
For Sale
Contact for pricing
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 Market99
Property Features for 2139-2151 Lafayette St
General Information
- Standard status
- Active
- Size
- 7,100 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing Agency:
MMG
(303) 257-7627
Listed By:
Adam Riddle · License #CO 100024441
Source:
Crexi
Added: Apr 17
Changed: Jul 21
Last Checked: Jul 23 at 5:02AM
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
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 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 | $208.7k | $29.40 |
| − Vacancy | −$12.7k | −$1.79 |
| EGI | $196.0k | $27.61 |
| − OpEx | −$88.2k | −$12.42 |
| NOI | $107.8k | $15.18 |
7,100 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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.
