Montclair Multifamily Investment
For Sale
$1,175,000
7721 E 14th Avenue, Denver, CO 80220
Six renovated units near Montclair neighborhood with development potential.
Property Size3,425 SF
Price / SF$343.07
Days on Market507
Property Features for 7721 E 14th Avenue
General Information
Standard status
Active
Size
3,425 SF
Taxes and HOA fees
Annual Taxes
$6,232
Building Details
Year Built
1948
Listing Agency:
NORTHPEAK COMMERCIAL ADVISORS, LLC
Listed By:
JACK SHERMAN · License #FA100085430
(720) 738-1944
Source:
Corcoran
Added: May 29, 2025
Changed: Mar 16
Last Checked: Oct 16 at 10:53AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,004
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,080
$1.0M
Cap Rate 7%
$742,914
$742.9K
Cap Rate 9%
$577,822
$577.8K
Market Conditions
NOI Build-Up for 3,425 SF
Gross rent
$100.7K $29.40/SF
− Vacancy
−$6.1K −$1.79/SF
EGI
$94.6K $27.61/SF
− OpEx
−$42.5K −$12.42/SF
NOI
$52.0K $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%
$1,040,080
Cap Rate 7%
$742,914
Cap Rate 9%
$577,822
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
