2875 N Harrison Street Denver, CO 80205
Six-unit multifamily property with redevelopment potential in a dynamic Denver neighborhood.
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 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
Investment Insights
Based on property information with market context.
Key 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.
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 |
