Log In/Sign Up
Your email has been sent.
127 N Pearl St 6 Unit Apartment Building Offered at $2,037,000 CAD at a 5.21% Cap Rate Denver, CO 80203
Investment Highlights
- Situated in the Speer neighborhood, the asset bridges Downtown Denver and Cherry Creek.
- Attractive unit mix where 1-bedroom layouts comprise 83.3% of the property.
- The 80203 zip code boasts a $77,500 median income and a median age of 33.1.
- Walk Score of 96 and Bike Score of 98 provide tenants with premier, car-free access.
- Spanning 650 to 700 square feet, these units provide up to a 100-square-foot premium over competing mid-century buildings.
Executive Summary
Centennial Advisers brings to market 127 North Pearl Street in Denver, a clear value-add opportunity positioned within the highly desirable Speer neighborhood. This 3,750 SF, 6-unit multi-family asset offers an exceptional combination of physical size advantages, urban connectivity, and significant income-growth potential to achieve a proforma NOI of $78,213 (5.21% Cap Rate). With a 65.6% projected increase in Net Operating Income, the property delivers a proven pathway to value creation through stabilizing occupancy and bringing below-market rents to market levels—ideal for investors focused on immediate operational upside. Operating with a lower-density physical footprint, the property features five 1-bedroom units, one studio unit, and individual utility metering requiring tenant-paid electric.
Located a block and a half off Speer Blvd, this property boasts an exceptional Walk Score of 96, highlighting its prime location within a highly walkable neighborhood. With easy access to pedestrian-friendly streets, the site benefits from consistent foot traffic. Additionally, the property offers a Bike Score of 98, making it ideal for cyclists with nearby bike lanes . Exceptional transportation options are also within reach, including Speer Boulevard, which provides seamless regional connectivity to Downtown Denver and Cherry Creek. Backed by a high-income demographic profile where 51% of households earn over $75,000 annually, the property offers a dependable platform for long-term occupancy and continued income growth.
127 North Pearl Street stands out as a compelling opportunity for an investor seeking a centrally located, value-add multi-family asset with both immediate utility and strong future upside in a growing Denver market.
Located a block and a half off Speer Blvd, this property boasts an exceptional Walk Score of 96, highlighting its prime location within a highly walkable neighborhood. With easy access to pedestrian-friendly streets, the site benefits from consistent foot traffic. Additionally, the property offers a Bike Score of 98, making it ideal for cyclists with nearby bike lanes . Exceptional transportation options are also within reach, including Speer Boulevard, which provides seamless regional connectivity to Downtown Denver and Cherry Creek. Backed by a high-income demographic profile where 51% of households earn over $75,000 annually, the property offers a dependable platform for long-term occupancy and continued income growth.
127 North Pearl Street stands out as a compelling opportunity for an investor seeking a centrally located, value-add multi-family asset with both immediate utility and strong future upside in a growing Denver market.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 - 550 |
| 1+1 | 5 | - | 450 - 650 |
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5101-25-015 | Improvements Assessment | $36,462 CAD |
| Land Assessment | $36,462 CAD | Total Assessment | $111,084 CAD |
Property Taxes
Parcel Number
5101-25-015
Land Assessment
$36,462 CAD
Improvements Assessment
$36,462 CAD
Total Assessment
$111,084 CAD
1 of 48
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
127 N Pearl St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.