Multifamily High-Rise with Development
960 N Grant St, Denver, CO 80203
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69-unit high-rise with shovel-ready 48-unit development site.
Type:Multifamily
Property size:
33,948 SFLot size:
0.29 AcresPrice / SF:
$353/SF- Added:
- Mar 11, 2026
- Days on Market:
- 82
- Last Refresh:
- Mar 16 at 1:44 pm
Property Features for 960 N Grant St
General Information
- Standard status
- Active
- Size
- 33,948 SF
- Lot size
- 0.29 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1937
Listing agent Jim Knowlton License #CO FA100032419
Listing office Pinnacle Real Estate Advisors (303) 962-9555
Listing date Mar 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Pinnacle Real Estate Advisors
HighLights
- Opportunity to assume an Interest‑Only loan of $9,310,000 at a fixed 3.59% rate through January 1st, 2030, boosting cash‑on‑cash yields to over 9.5% in year 1.
- Includes a shovel‑ready development site at 951 Logan Street with an approved Site Development Plan (SDP) for a 48‑unit multifamily project, valid through September 19, 2027.
- The Novelist is a stabilized, 69‑unit high‑rise with over $2.3M in capital improvements in the last decade, ensuring minimal near‑term CapEx.
- Every unit in The Novelist has been renovated with new flooring and full kitchen modernizations (avg. $15,000+/unit).
- The 12,550 SF infill site at 951 Logan St can be used as a 'land bank' for premium parking income.
- Favorable G‑MU‑5 zoning allows for high‑density residential development in a supply‑constrained submarket
Overview
This offering includes a 69-unit multifamily high-rise located at 960 Grant Street and a shovel-ready development site at 951 Logan Street. The Novelist, originally constructed in 1937, is a modernized Art Deco landmark. The property has undergone over $2.3M in capital improvements within the last decade, including renovations to every unit with new flooring and full kitchen modernizations. System upgrades include work completed on the lobby, boiler system, elevator, fire panel, swamp cooler, windows, and landscaping. The sale also includes a 12,550 square foot infill site currently utilized as a 37-space surface parking lot. The site has an approved Site Development Plan (SDP) for a 48-unit multifamily project with underground parking, valid through September 19, 2027. The zoning is G-MU-5, which allows for high-density residential development up to 5 stories. The high-rise property has 33,948 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
The Novelist Apartments
Apartment Complex
Adda, Milk Caramel
Take-out & Catering
All Pawz On Deck
Animal Training
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.9831785
- Latitude
- 39.7312421
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FAQs
What type of property is this?
Apartment building - 69-unit high-rise with shovel-ready 48-unit development site.
Where is this apartment building located?
The property is located at 960 N Grant St Denver, CO.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Opportunity to assume an Interest‑Only loan of $9,310,000 at a fixed 3.59% rate through January 1st, 2030, boosting cash‑on‑cash yields to over 9.5% in year 1.; Includes a shovel‑ready development site at 951 Logan Street with an approved Site Development Plan (SDP) for a 48‑unit multifamily project, valid through September 19, 2027.; The Novelist is a stabilized, 69‑unit high‑rise with over $2.3M in capital improvements in the last decade, ensuring minimal near‑term CapEx.
