Historic Renovated Apartment
630 E 16th Ave, Denver, CO 80203
For Sale
$5,750,000
Twenty-unit multifamily property with updated systems, modern interiors, and select residences offering private outdoor space.
Property Size15,105 SF
Days on Market98
Property Features for 630 E 16th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
private patios/balconies
in-unit washers and dryers
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
PINNACLE REAL ESTATE ADVISORS
Listed By:
Chris Knowlton · License CO FA100052086
(719) 325-6087
Source:
Pinnaclerea
Added: Aug 8
Changed: Nov 10
Last Checked: Nov 12 at 6:26AM
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 PINNACLE REAL ESTATE ADVISORS
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Investment Insights
Based on property information with market context.
The Essex is a 20-unit apartment building at 630 E 16th Avenue in Denver. Constructed in 1907 and designated as a historic landmark, the property underwent a full interior renovation in 2018, including updated building systems and refreshed unit finishes. The 15,105-square-foot building includes a mix of large studios, one-bedroom apartments, and two-bedroom apartments. Select residences have private patios or balconies, while in-unit washers and dryers are available in select units.
Situated in Denver’s Uptown / Capitol Hill area, the property provides walkable access to parks, dining, shops, and entertainment. Its boutique configuration combines historic architectural character with modernized interiors and building improvements.
Situated in Denver’s Uptown / Capitol Hill area, the property provides walkable access to parks, dining, shops, and entertainment. Its boutique configuration combines historic architectural character with modernized interiors and building improvements.
Key Highlights
- 20‑unit apartment building with a studio, one‑bedroom, and two‑bedroom unit mix
- 15,105 square feet at 630 E 16th Avenue, Denver, CO 80203
- Constructed in 1907 and designated as a historic landmark
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,349
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,586,980
$4.6M
Cap Rate 7%
$3,276,414
$3.3M
Cap Rate 9%
$2,548,322
$2.5M
Market Conditions
NOI Build-Up for 15,105 SF
Gross rent
$444.1K $29.40/SF
− Vacancy
−$27.1K −$1.79/SF
EGI
$417.0K $27.61/SF
− OpEx
−$187.6K −$12.42/SF
NOI
$229.3K $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%
$4,586,980
Cap Rate 7%
$3,276,414
Cap Rate 9%
$2,548,322
Alternative Uses
Best Use
Apartment 5plus
$3.28M
$2.87M – $3.82M
NOI $229,349 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.81M
$4.21M – $5.61M
NOI $336,593 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
9,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Denver, CO
Properties on Market for Apartment buildings in Denver
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Twenty-unit multifamily property with updated systems, modern interiors, and select residences offering private outdoor space.
Where is this apartment building located?
The property is located at 630 E 16th Ave Denver, CO.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 20‑unit apartment building with a studio, one‑bedroom, and two‑bedroom unit mix; 15,105 square feet at 630 E 16th Avenue, Denver, CO 80203; Constructed in 1907 and designated as a historic landmark
