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Capitol Hill Renovated Apartment Building

999 Pearl Street Denver, CO 80203

999 Pearl Street, Denver, CO, 80203

$5,040,000

For Sale

$5,040,000

Meticulously renovated 16-unit apartment building in the heart of Capitol Hill.

Property Size12,175 SF

Price / SF$413.96

AddedNov 21, 2025

Days on Market236

Last RefreshMay 19 at 9:27 pm

Property Features for 999 Pearl Street

General Information

Standard status: Active
Size: 12,175 SF
Property subtype: Multifamily

Building Details

Year Built: 1961

Listing office Pinnacle Real Estate Advisors

Listing date Nov 21, 2025

Source Pinnaclerea

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

Investment Insights

Based on property information with market context.

Pearl Nines is a renovated 16-unit apartment building located in Capitol Hill, Denver. Situated at 999 Pearl Street, the property is near bars and restaurants on Lincoln and Grant Street, and Cheesman Park is under a mile away. The property includes 7 one-bedroom, one-bathroom units and 9 two-bedroom, one-bathroom units. Fourteen of the sixteen units have been extensively renovated. Amenities include a newly designed courtyard with seating and a grilling station, garage parking, on-site laundry facilities, additional off-street parking, and balconies in select units. The property has a 5.17% CAP Rate on actual numbers and assumable financing at 3.92% for 3.5 more years. Numerous large capital improvement projects have been completed.

Key Highlights

Assumable Financing at 3.92% for 3.5 more years!
5.17% CAP Rate on Actual Numbers
Meticulously renovated 16‑unit apartment building in Capitol Hill, Denver, with 14 out of 16 units extensively renovated.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$357.9k	$29.40
− Vacancy	−$21.8k	−$1.79
EGI	$336.1k	$27.61
− OpEx	−$151.2k	−$12.42
NOI	$184.9k	$15.18

12,175 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.64M

$2.31M – $3.08M (±1% cap)

NOI $184,861 @ 7.0% cap · market cap 3.67%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.88M

$3.39M – $4.52M (±1% cap)

NOI $271,302 @ 7.0% cap · market cap 5.38%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hyphy Color Photography Service Pearl Nines Apartment Complex

Suggested Use

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For sale
Apartment buildings
CO
Denver
80203
999 Pearl Street

What type of property is this?

Apartment building - Meticulously renovated 16-unit apartment building in the heart of Capitol Hill.

Where is this apartment building located?

The property is located at 999 Pearl Street Denver, CO.

What is the asking price?

The asking price for this property is $5,040,000.

What are key features of this property?

This property features: Assumable Financing at 3.92% for 3.5 more years!; 5.17% CAP Rate on Actual Numbers; Meticulously renovated 16‑unit apartment building in Capitol Hill, Denver, with 14 out of 16 units extensively renovated.