1291 Gaylord St Denver, CO 80206-2953

This exceptional 9-unit apartment building presents a compelling investment opportunity in Denver's desirable Congress Park neighborhood. The property, built in 1891, features 4,310 square feet across two stories on a 0.1-acre lot and is zoned R-3. Currently generating a NOI of $71,747 (4.56% cap rate), a pro-forma NOI of $105,473 (6.70% cap rate) is projected, reflecting significant rental upside. Each of the nine units offers a charming living space, and the property benefits from two sets of on-site coin-operated laundry facilities, enhancing tenant convenience and operational efficiency. The asking price is $1,575,000 ($175,000 per unit and $365.43 per square foot). Its prime location provides residents easy access to Cheesman Park, the Botanic Gardens, and Cherry Creek, as well as a variety of popular restaurants including Peter's Chinese, Shells and Sauce, Chef Zorba's, Downpours Coffee, Voodoo Doughnut, Doppio Coffee, and Olive & Finch. This asset is ideally suited for investors seeking strong returns and appreciation potential in a vibrant, historic Denver location. The building's address is 1291 N Gaylord St, Denver, CO 80206.