208 Lincoln St Denver, CO 80209
- Apartment buildings
- 3,400 SF
Current Use by Public Records
- Apartment buildings
Property Details for 208 Lincoln St
- Year built
- 1890
- Property size
- 3,400 SF
- Property type
- Apartment buildings
Description
This meticulously maintained 4-unit apartment building, built in 1890, presents a unique investment opportunity in Denver's desirable SoBo neighborhood, bordering West Wash Park. The 3,400 square foot property sits on a 5,400 square foot lot and boasts an attractive unit mix: two 1-bedroom units, one 2-bedroom unit, and a studio apartment. Each unit features a private entrance, reserved parking (4 spaces total), and access to a charming courtyard. The property benefits from recent upgrades, including new plumbing lines and a new boiler (2021), contributing to its low-maintenance nature. Interior features blend original ornate woodworking and antique fireplaces with modern kitchen and bathroom finishes, creating highly desirable rental units. The property enjoys a strong rental income, currently generating a NOI of $53,171 (Pro-Forma NOI: $61,570), representing a 5.20% cap rate. Its prime location offers easy access to downtown, Cherry Creek, and the Denver Tech Center, with the Alameda Light Rail Station a short walk away. The vibrant SoBo neighborhood provides diverse dining, shopping, and nightlife options. The property's Walk Score of 97 reflects its exceptional convenience and desirability. The asking price is $1,195,000 ($298,750 per unit, $351 per square foot). The permitted zoning is U-TU -B. This property is ideal for both owner-occupants and traditional investors seeking a strong return in a highly sought-after Denver location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.986
- Latitude
- 39.7127
