Renovated Student Housing Near
2455 S Gaylord St Denver, CO 80210
2455 S Gaylord St, Denver, CO, 80210
Contact for pricing
For Sale
Contact for pricing
Pending
10-unit renovated student housing community near the University of Denver.
Property Size8,639 SF
Lot Size0.29 Acres
Days on Market626
Property Features for 2455 S Gaylord St
General Information
- Standard status
- Pending
- Size
- 8,639 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing Agency
Unique Properties, Inc
(214) 616-2695
Listed by
Elliott Polanchyck · License #CO
Source
Crexi
Added: Oct 30, 2024 Checked: Jul 17 at 2:25 pm
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, Inc
Investment Insights
Based on property information with market context.
Steel Rose is a renovated, 10-unit student housing community located in Denver, CO, within walking distance of the University of Denver. Constructed in 1968, the three-level, garden-style brick building is situated on 0.29 acres. The property features spacious two-, three-, and four-bedroom units. Select amenities include stainless-steel appliances, ceiling fans, and high-speed internet access. On-site laundry facilities are available, along with 6 off-street parking spaces. Capital improvements include new flooring, cabinets, countertops, bathrooms, and hardware. The property also features professional landscaping with open green spaces and mature shade trees. The property size is 8639 square feet.
Key Highlights
- Walking distance to the University of Denver
- Renovated units with new flooring, cabinets, countertops, bathrooms, and hardware
- 10‑unit student housing community
Local 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 | $254.0k | $29.40 |
| − Vacancy | −$15.5k | −$1.79 |
| EGI | $238.5k | $27.61 |
| − OpEx | −$107.3k | −$12.42 |
| NOI | $131.2k | $15.18 |
8,639 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.19M
NOI $131,171 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,507 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 10-unit renovated student housing community near the University of Denver.
Where is this apartment building located?
The property is located at 2455 S Gaylord St Denver, CO.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Walking distance to the University of Denver; Renovated units with new flooring, cabinets, countertops, bathrooms, and hardware; 10‑unit student housing community
