1272 Pearl St 18 Unit Apartment Building $3,350,000 ($186,111/Unit) 4.50% Cap Rate Denver, CO 80203

INVESTMENT HIGHLIGHTS

  • Value-add multi-family investment opportunity- below market rents
  • Reserved off-street parking for tenants 
  • Light and bright studio and one-bedroom floor plans
  • Legacy asset owned by same family for 32 years

EXECUTIVE SUMMARY

The Julie at Pearl offers a rare and exceptional multifamily investment opportunity in the heart of Denver’s sought-after Capitol Hill neighborhood. This historic three-story building exudes character and charm, boasting a beautiful brick façade that complements its timeless aesthetic. Inside, the property features 18 uniquely designed studio and one-bedroom apartment units. Each unit is thoughtfully configured to maximize space and natural light. The apartments are enriched by original woodwork and large windows, providing a warm and inviting living experience for tenants. Adding to its appeal, The Julie offers five off-street parking spaces, a coveted amenity in this bustling urban area. The property delivers a peaceful and convenient atmosphere, positioned in a vibrant neighborhood teeming with popular restaurants, trendy coffee shops, boutique stores, local markets, and essential services - many within walking distance. Capitol Hill is known for its dynamic energy, historic charm, and central location, making it a magnet for professionals, creatives, and urban dwellers. For investors, this is a prime opportunity to secure reliable rental income and long-term appreciation in a market that continues to thrive.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $3,350,000
Price Per Unit $186,111
Sale Type Investment
Cap Rate 4.50%
Sale Conditions
1031 Exchange
  • High Vacancy Property
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.13 AC
Building Size 8,568 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1927/2000
Parking Ratio 0.58/1,000 SF
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (70)
Bike Score®
Biker's Paradise (99)

PROPERTY TAXES

ZONING

Zoning Code G-MU-5
  • Listing ID: 34429225

  • Date on Market: 1/9/2025

  • Last Updated:

  • Address: 1272 Pearl St, Denver, CO 80203