Montclair Multifamily Investment
7721 E 14th Avenue Denver, CO 80220
7721 E 14th Avenue, Denver, CO, 80220
$1,175,000
For Sale
$1,175,000
Six renovated units near Montclair neighborhood with development potential.
Property Size3,425 SF
Price / SF$343.07
Days on Market415
Property Features for 7721 E 14th Avenue
General Information
- Standard status
- Active
- Size
- 3,425 SF
Building Details
- Year Built
- 1948
Listing Agency
NORTHPEAK COMMERCIAL ADVISORS, LLC
(720) 738-1944
Listed by
JACK SHERMAN · License #FA 100085430
Source
Corcoran
Added: May 29, 2025 Checked: Mar 16 at 9:09 am
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 NORTHPEAK COMMERCIAL ADVISORS, LLC
Investment Insights
Based on property information with market context.
Located on the edge of the Montclair Neighborhood, 7721 E 14th St is a six-unit apartment building. The property has a walk score of 76, providing tenants with convenient access to shopping, dining, and transportation. The building features six renovated one-bedroom, one-bathroom units in a side-by-side layout. Situated in an opportunity zone on a corner lot of 15,200 square feet, the property presents multiple options for investors, including maintaining the current cash flow, converting the units to condos, or potentially selling to a developer. There are six garage spaces that generate income. The property has undergone extensive renovations over the past five years, including a new roof, new windows, new paint and landscaping, new sewer lines, a refurbished boiler, and the addition of laundry facilities to some units. All tenants are billed back for utilities in addition to rent and are responsible for their electricity bills due to separate electric meters. The property size is 3,425 square feet.
Key Highlights
- Renovated 6‑unit apartment building in a desirable location near Montclair.
- Opportunity Zone location on a large 15,200 SF corner lot with multiple development options.
- Six income‑producing garage spaces, valuable in a high‑density area.
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 | $100.7k | $29.40 |
| − Vacancy | −$6.1k | −$1.79 |
| EGI | $94.6k | $27.61 |
| − OpEx | −$42.5k | −$12.42 |
| NOI | $52.0k | $15.18 |
3,425 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$742.9K
$650.1K – $866.7K
NOI $52,004 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$954.0K – $1.27M
NOI $76,321 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Opportunity zone commercial ...
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FAQs
What type of property is this?
Apartment building - Six renovated units near Montclair neighborhood with development potential.
Where is this apartment building located?
The property is located at 7721 E 14th Avenue Denver, CO.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Renovated 6‑unit apartment building in a desirable location near Montclair.; Opportunity Zone location on a large 15,200 SF corner lot with multiple development options.; Six income‑producing garage spaces, valuable in a high‑density area.
