1267 Marion St Denver, CO 80218-2220
Property profile & analytics
1267 Marion St Denver, CO 80218-2220
- Apartment buildings
- 2,405 SF
- 0.19 lot acres
Property ID
US13-1177611
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1267 Marion St
- Year built
- 1905
- Lot size
- 0.19 lot acres
- Property size
- 2,405 SF
- Zone code
- G-MU-3
- Property type
- Apartment buildings
- APN
- 05022-22-025-000
- APU
- 502222025000
Description
Exceptional investment opportunity: a five-unit apartment building in Denver's desirable Cheesman Park neighborhood. This 2,913 square foot property, built in 1896, boasts a current NOI of $53,004 and a pro-forma NOI of $73,137, translating to a 4.24% cap rate and a pro-forma cap rate of 5.85%. The asking price is $1,250,000, or $250,000 per unit. The property features off-street parking, including a detached two-car garage. A main floor two-bedroom, one-bathroom unit, complete with a private yard and in-unit laundry, is ideal for owner-occupancy. Currently 100% occupied, this turnkey property offers immediate cash flow. Its prime location provides close proximity to the Denver Botanical Gardens, State Capitol Building, Denver Public Library, and numerous parks including Cheesman Park, Congress Park, Governors Park, and Civic Center Park. A wealth of nearby retail options includes Thump Coffee, Park Tavern, Snarf's Sandwiches, Potager, 3 Kilts, and Ideal Market. The 0.19-acre lot provides ample space. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a thriving Denver neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $610,000
- 6.5%
- $560,000
- 7%
- $520,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $780,000
- COMMERCIAL (GENERAL)
- $780,000
- RETAIL STORES
- $775,000
- MEDICAL BUILDING
- $730,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.972
- Latitude
- 39.7362
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,082
$36,370
$42,120
$78,490
-
$597,900
$628,600
$1,226,500
