440 East 13th Avenue Residences | 440 E 13th Ave
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440 East 13th Avenue Residences 440 E 13th Ave
31 Unit Apartment Building $6,550,000 ($211,290/Unit) 4.35% Cap Rate Denver, CO 80203
Investment Highlights
- PRIME CAPITOL HILL LOCATION
- AMPLE PARKING
- PROXIMITY TO RETAIL AND DINING
- DESIRABLE UNIT MIX
- TENANT COURTYARD
Executive Summary
440 East 13th Avenue Residences is a fully-occupied 31-unit multifamily property in the heart of Denver's Capitol Hill neighborhood, offered at $6,550,000 by Capstone Companies. Built in 1923, this historic building features a desirable mix of studio, one-bedroom, and two-bedroom units, combining vintage character with modern upgrades like new vinyl flooring, a high-efficiency boiler, and updated electrical. With 15 off-street parking spaces, a spacious tenant courtyard, and close proximity to popular local dining, retail, and major employers, 440 East 13th Avenue Residences presents an opportunity for investors to acquire a stabilized asset in a central location with solid, ongoing rental demand.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,550,000 | Building Class | C |
| Price Per Unit | $211,290 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 19,111 SF |
| Cap Rate | 4.35% | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Apartment Style | Low Rise |
| Price | $6,550,000 |
| Price Per Unit | $211,290 |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 19,111 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1923 |
| Parking Ratio | 0.67/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | $1,250 | 500 |
| 1+1 | 13 | $1,575 | 535 |
| 1+1 | 1 | $1,250 | 400 |
| 1+1 | 1 | $1,625 | 700 |
| 2+1 | 3 | $1,750 | 900 |
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Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 5031-14-050 | Improvements Assessment | $293,630 |
| Land Assessment | $107,290 | Total Assessment | $400,920 |
PROPERTY TAXES
Parcel Number
5031-14-050
Land Assessment
$107,290
Improvements Assessment
$293,630
Total Assessment
$400,920
zoning
| Zoning Code | R-3, Denver |
| R-3, Denver |
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440 East 13th Avenue Residences | 440 E 13th Ave
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