Eight-Unit Multifamily
2663 Curtis Street Denver, CO 80205
For Sale
$1,350,000
Eight-unit multifamily property in Five Points, with most units updated and remaining rents offering near-term growth potential.
Property Size4,141 SF
Price / SF$326.01
Days on Market60
Property Features for 2663 Curtis Street
General Information
- Standard status
- Active
- Size
- 4,141 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1904
Listing Agency:
MODUS REAL ESTATE
(303) 974-4717
Listed By:
NIK MACCARTER
Source:
Corcoran
Added: May 26
Changed: Jul 22
Last Checked: Jul 23 at 9:40AM
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 MODUS REAL ESTATE
Investment Insights
Based on property information with market context.
This eight-unit multifamily property at 2663 Curtis Street is being offered as an investment opportunity. The unit mix is described as well-diversified, and the majority of units have already been updated, which may limit near-term capital requirements for a new owner. The current rent roll includes several legacy tenants paying below prevailing market rates, creating an identified opportunity for rent growth as units turn.
The property is located in Denver’s Five Points neighborhood, positioned just blocks east of Larimer Street. The remarks also note easy access to RiNo, Coors Field, Ball Arena, and Downtown Denver.
The property is located in Denver’s Five Points neighborhood, positioned just blocks east of Larimer Street. The remarks also note easy access to RiNo, Coors Field, Ball Arena, and Downtown Denver.
Key Highlights
- 8‑unit multifamily property built in 1904
- Most units are already updated, helping limit near‑term capital requirements for a new owner
- Unit rents include several legacy tenants currently paying below prevailing market rates
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 | $121.7k | $29.40 |
| − Vacancy | −$7.4k | −$1.79 |
| EGI | $114.3k | $27.61 |
| − OpEx | −$51.4k | −$12.42 |
| NOI | $62.9k | $15.18 |
4,141 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$898.2K
$785.9K – $1.05M
NOI $62,875 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,276 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
My Carpet LLC
General Contractor
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in Five Points, with most units updated and remaining rents offering near-term growth potential.
Where is this apartment building located?
The property is located at 2663 Curtis Street Denver, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8‑unit multifamily property built in 1904; Most units are already updated, helping limit near‑term capital requirements for a new owner; Unit rents include several legacy tenants currently paying below prevailing market rates
