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1230 Washington St 8 Unit Apartment Building $1,549,260 CAD ($193,657 CAD/Unit) 6.68% Cap Rate Denver, CO 80203
Investment Highlights
- $125,000 Price Reduction!
- Beautiful Vintage 8-Unit Apartment Building Located in the Heart of Capitol Hill
- Walking Distance to Whole Foods, Denver Botanic Gardens, Cheesman Park in Addition to Numerous Bars, Restaurants and Coffee Shops
- 6.26% Current CAP Rate
- Priced Well Below Comparable Properties
- Six Off-Street Parking Spaces Provide Additional Income
Executive Summary
PRICE REDUCED! 8-Unit Bldg in Cap Hill; 6.26% Current CAP Rate
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$146,593
|
$34.51
|
| Other Income |
$15,531
|
$3.66
|
| Vacancy Loss |
$4,864
|
$1.14
|
| Effective Gross Income |
$157,259
|
$37.02
|
| Taxes |
$12,296
|
$2.89
|
| Operating Expenses |
$47,978
|
$11.29
|
| Total Expenses |
$60,274
|
$14.19
|
| Net Operating Income |
$96,985
|
$22.83
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $146,593 |
| Annual Per SF | $34.51 |
| Other Income (CAD) | |
|---|---|
| Annual | $15,531 |
| Annual Per SF | $3.66 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,864 |
| Annual Per SF | $1.14 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $157,259 |
| Annual Per SF | $37.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,296 |
| Annual Per SF | $2.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $47,978 |
| Annual Per SF | $11.29 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $60,274 |
| Annual Per SF | $14.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $96,985 |
| Annual Per SF | $22.83 |
Property Facts
| Price | $1,549,260 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $193,657 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.68% | Building Size | 4,248 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | R3, Denver | ||
| Price | $1,549,260 CAD |
| Price Per Unit | $193,657 CAD |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,248 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R3, Denver |
Amenities
Unit Amenities
- Cable Ready
- Microwave
- Ceiling Fans
- High Speed Internet Access
- Oven
- Range
- Wi-Fi
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,495 CAD | 550 |
| 1+1 | 7 | $1,568 CAD | 593 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (70)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 5031-11-007 | Total Assessment | $157,644 CAD (2025) |
| Land Assessment | $44,445 CAD (2025) | Annual Taxes | $12,296 CAD ($2.89 CAD/SF) |
| Improvements Assessment | $44,445 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5031-11-007
Land Assessment
$44,445 CAD (2025)
Improvements Assessment
$44,445 CAD (2025)
Total Assessment
$157,644 CAD (2025)
Annual Taxes
$12,296 CAD ($2.89 CAD/SF)
Tax Year
2024
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1230 Washington St
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