5-Unit Apartment
For Sale
$1,200,000
3014 E 17th Avenue #1, Denver, CO 80206
Residents have shared garden space, on-site laundry, and a detached garage.
Property Size5,505 SF
Price / SF$217.98
Days on Market37
Property Features for 3014 E 17th Avenue #1
General Information
Standard status
Active
Size
5,505 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
City Park
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$7,259
Amenities
shared backyard garden
onsite laundry room
Balcony
Private Yard
Building Details
Building Size
5,505 SF
Year Built
1925
Stories
2
Listing Agency:
Keller Williams Integrity Real Estate LLC
(303) 722-3300
Listed By:
Michelle Glass · License #100038971
(720) 575-2870
Source:
Gatewayrealtyi-70
Added: Sep 23
Changed: Oct 26
Last Checked: Oct 26 at 3:09PM
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
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Investment Insights
Based on property information with market context.
This Denver multifamily property contains five residential units in a 5,505-square-foot building constructed in 1925. Site amenities include a detached two-car garage, a shared backyard garden, and an on-site laundry room.
The property sits directly across from City Park, which includes walking and biking paths, lakes, and City Park Golf Course. The Denver Zoo Conservation Alliance and Denver Museum of Nature & Science are also nearby. East 17th Avenue and Colfax Avenue offer restaurants, cafés, shopping, and entertainment, while central Denver healthcare and employment centers are accessible from the area.
The property sits directly across from City Park, which includes walking and biking paths, lakes, and City Park Golf Course. The Denver Zoo Conservation Alliance and Denver Museum of Nature & Science are also nearby. East 17th Avenue and Colfax Avenue offer restaurants, cafés, shopping, and entertainment, while central Denver healthcare and employment centers are accessible from the area.
Key Highlights
- Five residential units in a 5,505‑square‑foot building
- Directly across from City Park
- Detached two‑car garage
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.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have shared garden space, on-site laundry, and a detached garage.
Where is this apartment building located?
The property is located at 3014 E 17th Avenue #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 a 5,505‑square‑foot building; Directly across from City Park; Detached two‑car garage
