Capitol Hill Six-Unit Apartment
For Sale
$1,350,000
853 N Ogden Street, Denver, CO 80218
Updated six-unit apartment building in Capitol Hill with low vacancy.
Property Size4,394 SF
Price / SF$307.24
Days on Market507
Property Features for 853 N Ogden Street
General Information
Standard status
Active
Size
4,394 SF
Taxes and HOA fees
Annual Taxes
$8,540
Building Details
Year Built
1900
Listing Agency:
PINNACLE REAL ESTATE ADVISORS
Listed By:
JIM KNOWLTON · License #100032419
(303) 962-9555
Source:
Corcoran
Added: May 28, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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.
Located in the heart of Capitol Hill, 853 N. Ogden Street is an attractive six-unit apartment building. The property features four 1-bedroom, 1-bathroom units and two units with 1 bedroom, 1 bathroom, and a den. Since the property's acquisition in 2022, each unit has been updated with upscale finishes. These large units are rare for the neighborhood, resulting in extremely low vacancy rates. Significant capital has been invested in updating the units, along with newer systems, including a new boiler, a newer electrical system, and a newer 120-gallon water heater. Residents share a refreshed private courtyard in the back of the property, which includes a new fire pit. Onsite washer and dryer facilities are also available for residents. The property size is 4394 square feet.
Key Highlights
- Six‑Unit Apartment Building: Attractive building located in the heart of Capitol Hill.
- Updated Units: Each unit features upscale finishes completed since the 2022 acquisition.
- Rare Large Units: Units are larger than typical for the Capitol Hill neighborhood, contributing to low vacancy rates.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,717
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,334,340
$1.3M
Cap Rate 7%
$953,100
$953.1K
Cap Rate 9%
$741,300
$741.3K
Market Conditions
NOI Build-Up for 4,394 SF
Gross rent
$129.2K $29.40/SF
− Vacancy
−$7.9K −$1.79/SF
EGI
$121.3K $27.61/SF
− OpEx
−$54.6K −$12.42/SF
NOI
$66.7K $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%
$1,334,340
Cap Rate 7%
$953,100
Cap Rate 9%
$741,300
Alternative Uses
Best Use
Apartment 5plus
$953.1K
$834.0K – $1.11M
NOI $66,717 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,914 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 80218, CO
19,484
Population
13,116
Households
1.5
Avg Household Size
35
Median Age
72%
College-Educated
98%
High-School Grad
1.6 sq mi
ZIP Area
12,178
Density / Sq Mi
$82,925
Median Household Income
$67,570
Median Earnings
$1,475
Median Rent
$653,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated six-unit apartment building in Capitol Hill with low vacancy.
Where is this apartment building located?
The property is located at 853 N Ogden Street Denver, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six‑Unit Apartment Building: Attractive building located in the heart of Capitol Hill.; Updated Units: Each unit features upscale finishes completed since the 2022 acquisition.; Rare Large Units: Units are larger than typical for the Capitol Hill neighborhood, contributing to low vacancy rates.
