5-Unit Multifamily
For Sale
$1,200,000
3014 E 17th Ave Unit 1, Denver, CO 80206
Residents have access to a detached garage, shared garden, and on-site laundry.
Property Size5,505 SF
Price / SF$217.98
Days on Market10
Property Features for 3014 E 17th Ave Unit 1
General Information
Standard status
Active
Size
5,505 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
shared backyard garden
onsite laundry room
Building Details
Year Built
1925
Listing Agency:
Keller Williams Integrity Real Estate LLC
Listed By:
Michelle Glass · License #100038971
(303) 722-3300
Source:
Pathhometeam
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 7 at 1:12PM
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 Keller Williams Integrity Real Estate LLC
Investment Insights
Based on property information with market context.
This 5,505-square-foot multifamily property contains five residential units and was built in 1925. On-site features include a detached two-car garage, a shared backyard garden, and a laundry room. Seller financing is offered at 5.5% interest with interest-only payments and a 3-year balloon.
The property at 3014 E 17th Ave is directly across from Denver’s City Park. Nearby destinations include City Park Golf Course, the Denver Zoo Conservation Alliance, and the Denver Museum of Nature & Science. East 17th Avenue and Colfax Avenue offer restaurants, cafés, shopping, and entertainment. The property also has access to healthcare and employment centers in central Denver.
The property at 3014 E 17th Ave is directly across from Denver’s City Park. Nearby destinations include City Park Golf Course, the Denver Zoo Conservation Alliance, and the Denver Museum of Nature & Science. East 17th Avenue and Colfax Avenue offer restaurants, cafés, shopping, and entertainment. The property also has access to healthcare and employment centers in central Denver.
Key Highlights
- Five residential units in 5,505 square feet
- Built in 1925
- Detached two‑car garage, shared backyard garden, and on‑site laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,586
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,720
$1.7M
Cap Rate 7%
$1,194,086
$1.2M
Cap Rate 9%
$928,733
$928.7K
Market Conditions
NOI Build-Up for 5,505 SF
Gross rent
$161.8K $29.40/SF
− Vacancy
−$9.9K −$1.79/SF
EGI
$152.0K $27.61/SF
− OpEx
−$68.4K −$12.42/SF
NOI
$83.6K $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 Rate 5%
$1,671,720
Cap Rate 7%
$1,194,086
Cap Rate 9%
$928,733
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,586 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,671 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 80206, CO
26,108
Population
15,580
Households
1.7
Avg Household Size
38
Median Age
78%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
10,443
Density / Sq Mi
$102,248
Median Household Income
$69,908
Median Earnings
$1,694
Median Rent
$892,200
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 - Residents have access to a detached garage, shared garden, and on-site laundry.
Where is this apartment building located?
The property is located at 3014 E 17th Ave Unit 1 Denver, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five residential units in 5,505 square feet; Built in 1925; Detached two‑car garage, shared backyard garden, and on‑site laundry room
