1291 Gaylord St Denver, CO 80206-2953
- Apartment buildings
- 4,063 SF
- 0.10 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1291 Gaylord St
- Year built
- 1891
- Lot size
- 0.10 lot acres
- Property size
- 4,063 SF
- Zone code
- G-MU-3
- Property type
- Apartment buildings
- APN
- 05021-18-031-000
- APU
- 502118031000
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,030,000
- 6.5%
- $950,000
- 7%
- $880,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,235,000
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Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Denver
- State
- Colorado
- Longitude
- -104.961
- Latitude
- 39.7366
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
