Stabilized Multifamily Asset Near City
2875 N Harrison Street, Denver, CO 80205
New
Six-unit multifamily property with redevelopment potential in a dynamic Denver neighborhood.
Type:Commercial
Property size:
4,500 SFLot size:
0.45 AcresPrice / SF:
$183/SF- Added:
- May 26, 2026
- Days on Market:
- 6
- Last Refresh:
- May 27 at 7:26 am
Property Features for 2875 N Harrison Street
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.45 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing agent BRANDON SCHMIDT
Listing office CREST HAWK MANAGEMENT INC (303) 359-1522
Listing date May 26, 2026
Source Corcoran
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 CREST HAWK MANAGEMENT INC
HighLights
- Large 0.45‑acre corner lot with E‑MU‑2.5 zoning allows for multiple residential redevelopment strategies.
- Located minutes from City Park, downtown Denver, and RiNo in a rapidly appreciating corridor.
- Currently operating at approximately a 7.00% cap rate with additional upside through rent optimization.
- Strong demographics with average household income exceeding $123,000 within a one‑mile radius.
- Stabilized 6‑unit multifamily asset providing strong in‑place cash flow.
- Individually metered gas and electric reduces landlord expenses and supports efficient management.
Overview
The property at 2875 N Harrison Street presents an opportunity to acquire a stabilized six-unit multifamily asset. It is located in a dynamic neighborhood of Denver on a 0.45-acre corner lot near City Park. The single-story brick building features individually metered gas and electric, which reduces landlord expenses and supports efficient management. The property is operating at approximately a 7.00% cap rate. The E-MU-2.5 zoning allows for multiple residential redevelopment strategies including urban houses, duplexes, and townhomes. The property is located minutes from City Park, downtown Denver, RiNo, and major redevelopment corridors. The surrounding area features an average household income exceeding $123,000 within a one-mile radius. The property offers a combination of income, location, and long-term potential.
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 | $132.3k | $29.40 |
| − Vacancy | −$8.1k | −$1.79 |
| EGI | $124.2k | $27.61 |
| − OpEx | −$55.9k | −$12.42 |
| NOI | $68.3k | $15.18 |
4,500 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$976.1K
$854.1K – $1.14M
NOI $68,326 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,276 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.9422083
- Latitude
- 39.758052
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with redevelopment potential in a dynamic Denver neighborhood.
Where is this apartment building located?
The property is located at 2875 N Harrison Street Denver, CO.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Large 0.45‑acre corner lot with E‑MU‑2.5 zoning allows for multiple residential redevelopment strategies.; Located minutes from City Park, downtown Denver, and RiNo in a rapidly appreciating corridor.; Currently operating at approximately a 7.00% cap rate with additional upside through rent optimization.
