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Property profile & analytics
OFF-MARKET Estimated value $1,085,000
Apartment buildings

1568 Vine St Denver, CO 80206-1300

3,248 SF 0.14 ac lot Built 1896
Entity Owned 5-yr Hold
Property ID
US13-0260779
Property summary
AI-generated overview

This exceptional 6-unit multifamily property at 1568 Vine Street, Denver, CO, presents a compelling investment opportunity. Built in 1896 and meticulously renovated, this 3,786 square foot building boasts modern luxury finishes throughout. Each unit features chef-inspired kitchens, updated plumbing, brand new windows, central air conditioning, and a new furnace. The property also benefits from a 200-amp main electrical panel and a recently replaced water line, ensuring efficient and reliable operation. Residents enjoy the convenience of complimentary private storage, in-unit washer/dryer access, and six free on-site parking spaces. Outdoor amenities create a welcoming atmosphere, including a pergola with a fire pit, garden boxes for tenants' use, and ample space for relaxation. The roof is in excellent condition, and new gutters further enhance the property's durability and longevity. Situated on a 0.14-acre lot, this turnkey property is ideal for investors seeking immediate cash flow and long-term appreciation in a highly desirable Denver location. The property's modern updates, combined with its classic charm, ensure strong rental demand and a high return on investment. This property is available for purchase individually, or as part of a larger portfolio that includes 1266 Lafayette Street (an 8-unit property). The asking price is $1,600,000.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1896
Total area 3,248 SF
Lot 0.14 ac (6,250 SF)
Zoning code G-RO-3
APN 02355-31-002-000
UPID US13-0260779
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
$760k
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.09M
Owner & transaction history
Stse LLC · 5 yrs held
Stse LLC
since 2020
Last sale
$1.0M
7 recorded transactions
2020
$1.0M
2020
Price N/A
2017
Price N/A
1999
$232,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
G-RO-3 · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

G-RO-3 Residential Office 3 G-RO-5 Residential Office 5 G-MX-3 Mixed Use 3 G-RX-3 Residential Mixed Use 3 G-RX-5 Residential Mixed Use 5 G-MS-3 Main Street 3 G-MS-5 Main Street 5 SE CTION 6.2.2 RESIDENTIAL DISTRICTS (G-RH-3, G-MU-3 TO -20, G-RO-3, G-RO-5) 6.2.2.1 General Purpose A. The intent of the Residential districts is to promote and protect higher dens…

Zone name General Urban Neighborhood Context Residential Office 3
General category MIXED_USE
Zone area 140.88 ac
Source Denver Zoning Code
Top alternative use upside
Auto repair, garage $1.3M +14.7%
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