Turn-Key 11-Unit Apartment
For Sale
$2,100,000
2455 Bryant St, Denver, CO 80211
11-unit apartment building with one- and two-bedroom units, upgraded interiors, new boiler, and 16 off-street parking spaces.
Property Size6,303 SF
Days on Market101
Property Features for 2455 Bryant St
General Information
Standard status
Active
Size
6,303 SF
Total Parking Spaces
16
Property subtype
Multifamily
Additional Details
Multifamily Units
11
Building Details
Building Size
6,303 SF
Year Built
1973
Listed By:
Chris Knowlton
(719) 325-6087
Source:
Pinnaclerea
Added: May 31
Changed: Sep 4
Last Checked: Sep 7 at 8:06AM
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 Chris Knowlton
Investment Insights
Based on property information with market context.
2455 Bryant Street offers a turn-key 11-unit multifamily asset with a mix of one- and two-bedroom apartments. Interiors are described as extensively updated with contemporary finishes, designed to appeal to today’s renters. Recent capital improvements include a new boiler system, and the property also provides 16 off-street parking spaces.
The building is positioned near Empower Field and is noted as walkable to LoHi and Sloan’s Lake. It also benefits from convenient access to Jefferson Park and major transportation corridors.
As presented, the property is configured as a straightforward residential income investment, with a unit mix tailored to multiple household types and on-site parking in a dense urban setting.
The building is positioned near Empower Field and is noted as walkable to LoHi and Sloan’s Lake. It also benefits from convenient access to Jefferson Park and major transportation corridors.
As presented, the property is configured as a straightforward residential income investment, with a unit mix tailored to multiple household types and on-site parking in a dense urban setting.
Key Highlights
- 11‑unit apartment building with a mix of one- and two‑bedroom units
- Upgraded interiors with modern finishes across the units
- Recent capital improvement: new boiler system
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
$95,702
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
4.56%
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%
$1,914,040
$1.9M
Cap Rate 7%
$1,367,171
$1.4M
Cap Rate 9%
$1,063,356
$1.1M
Market Conditions
NOI Build-Up for 6,303 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
$185.3K $29.40/SF
− Vacancy
−$11.3K −$1.79/SF
EGI
$174.0K $27.61/SF
− OpEx
−$78.3K −$12.42/SF
NOI
$95.7K $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 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%
$1,914,040
Cap Rate 7%
$1,367,171
Cap Rate 9%
$1,063,356
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,702 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,453 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
2,438
Businesses Nearby
Explore this area
Business Placement
Demographics for 80211, CO
37,940
Population
20,973
Households
1.8
Avg Household Size
34
Median Age
71%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,431
Density / Sq Mi
$117,685
Median Household Income
$78,573
Median Earnings
$1,931
Median Rent
$747,800
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 - 11-unit apartment building with one- and two-bedroom units, upgraded interiors, new boiler, and 16 off-street parking spaces.
Where is this apartment building located?
The property is located at 2455 Bryant St Denver, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 11‑unit apartment building with a mix of one- and two‑bedroom units; Upgraded interiors with modern finishes across the units; Recent capital improvement: new boiler system
